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Prospect Capital

219 hedge funds and large institutions have $853M invested in Prospect Capital in 2013 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 110 increasing their positions, 49 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 49

106% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 17

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

8% more funds holding

Funds holding: 203219 (+16)

7% more capital invested

Capital invested by funds: $796M → $853M (+$57.1M)

57% less call options, than puts

Call options by funds: $1.07M | Put options by funds: $2.51M

Holders
219
Holders Change
+16
Holders Change %
+7.88%
% of All Funds
7.1%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.19%
New
35
Increased
110
Reduced
49
Closed
17
Calls
$1.07M
Puts
$2.51M
Net Calls
-$1.43M
Net Calls Change
+$465K
Name Holding Trade Value Shares
Change
Change in
Stake
State of Tennessee, Department of Treasury
51
State of Tennessee, Department of Treasury
Tennessee
$2.69M +$2.67M +240,434 New
Fifth Third Bancorp
52
Fifth Third Bancorp
Ohio
$2.66M +$2.64M +237,800 New
MPM
53
Meritage Portfolio Management
Kansas
$2.64M +$4.16K +375 +0.2%
ASRS
54
Arizona State Retirement System
Arizona
$2.62M +$507K +45,617 +24%
IIM
55
Ipswich Investment Management
Massachusetts
$2.59M -$260K -23,400 -9%
DVM
56
Dreman Value Management
Florida
$2.52M +$2.51M +225,771 New
LPL Financial
57
LPL Financial
California
$2.5M +$1.06M +95,649 +73%
Swiss National Bank
58
Swiss National Bank
Switzerland
$2.34M -$91.1K -8,200 -4%
PPA
59
Parametric Portfolio Associates
Washington
$2.34M +$148K +13,299 +7%
MLICM
60
Metropolitan Life Insurance Company (MetLife)
New York
$2.31M +$155K +13,923 +7%
AQR Capital Management
61
AQR Capital Management
Connecticut
$2.26M -$4.78M -430,558 -68%
VKH
62
Virtu KCG Holdings
New York
$2.19M +$2.18M +196,421 New
SG Americas Securities
63
SG Americas Securities
New York
$2.02M +$734K +66,092 +58%
DG
64
Davidson & Garrard
Virginia
$2.01M +$342K +30,819 +21%
ProShare Advisors
65
ProShare Advisors
Maryland
$1.93M +$271K +24,440 +17%
Legal & General Group
66
Legal & General Group
United Kingdom
$1.89M +$131K +11,794 +8%
State Board of Administration of Florida Retirement System
67
State Board of Administration of Florida Retirement System
Florida
$1.81M +$72K +6,486 +4%
SRC
68
Shufro Rose & Co
New York
$1.77M -$5.55K -500 -0.3%
Allianz Asset Management
69
Allianz Asset Management
Germany
$1.75M -$2.02M -181,784 -54%
NCCM
70
Nine Chapters Capital Management
New Jersey
$1.74M +$1.53M +137,700 +774%
PSI
71
Pinnacle Summer Investments
Virginia
$1.7M +$199K +17,900 +13%
VanEck Associates
72
VanEck Associates
New York
$1.65M +$130K +11,728 +9%
OWIM
73
Old West Investment Management
California
$1.56M
Barclays
74
Barclays
United Kingdom
$1.51M -$699K -62,923 -31%
CK
75
Carnick & Kubik
Colorado
$1.43M -$44.1K -3,975 -3%

PSEC Hedge Fund Activity: Q3 2013 in Review

219 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q3 2013, worth a combined $853M — up 7.2% from $796M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new PSEC positions and 17 closed out — a net gain of 18 holders — while 110 added to existing stakes and 49 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $31.7M. The largest seller was KeyBank National Association, cutting an estimated $30.6M.

  • 219 institutional investors held Prospect Capital (PSEC) as of Q3 2013, up from 203 in Q2 2013.
  • Funds reported $853M of Prospect Capital stock for Q3 2013, up 7.2% quarter-over-quarter.
  • 35 funds opened new Prospect Capital positions in Q3 2013 and 17 closed out, a net change of +18 holders.
  • The largest Prospect Capital buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $31.7M added.
  • The largest Prospect Capital seller in Q3 2013 was KeyBank National Association, an estimated $30.6M sold.

Based on aggregated 13F filings for Q3 2013.