Prospect Capital
PSEC
239 hedge funds and large institutions have $301M invested in Prospect Capital in 2018 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 57 increasing their positions, 76 reducing their positions, and 31 closing their positions.
68% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 31
7% more funds holding
Funds holding: 224 → 239 (+15)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.19% less ownership
Funds ownership: 14.24% → 13.05% (-1.2%)
21% less capital invested
Capital invested by funds: $381M → $301M (-$79.2M)
25% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 76
80% less call options, than puts
Call options by funds: $7.79M | Put options by funds: $39.6M
Top Buyers
| 1 |
UBS Group
Zurich,
Switzerland
|
+$26.1M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$7.57M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.27M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$1.96M |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$1.58M |
Top Sellers
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$17.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$11.6M |
| 3 |
Two Sigma Investments
New York
|
-$9.04M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.95M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.49M |
PSEC Hedge Fund Activity: Q4 2018 in Review
239 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2018, worth a combined $301M — down 21% from $381M a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new PSEC positions and 31 closed out — a net gain of 21 holders — while 57 added to existing stakes and 76 trimmed.
The largest buyer was UBS Group, adding an estimated $26.1M. The largest seller was Credit Suisse, cutting an estimated $17.6M.
- 239 institutional investors held Prospect Capital (PSEC) as of Q4 2018, up from 224 in Q3 2018.
- Funds reported $301M of Prospect Capital stock for Q4 2018, down 21% quarter-over-quarter.
- 52 funds opened new Prospect Capital positions in Q4 2018 and 31 closed out, a net change of +21 holders.
- The largest Prospect Capital buyer in Q4 2018 was UBS Group, an estimated $26.1M added.
- The largest Prospect Capital seller in Q4 2018 was Credit Suisse, an estimated $17.6M sold.
Based on aggregated 13F filings for Q4 2018.