Prospect Capital
PSEC
207 hedge funds and large institutions have $306M invested in Prospect Capital in 2019 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 54 increasing their positions, 73 reducing their positions, and 30 closing their positions.
2% more capital invested
Capital invested by funds: $300M → $306M (+$6.56M)
0.14% more ownership
Funds ownership: 12.52% → 12.66% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less funds holding
Funds holding: 213 → 207 (-6)
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
26% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 73
90% less call options, than puts
Call options by funds: $1.8M | Put options by funds: $18.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$15.8M |
| 2 |
SCM
Scopia Capital Management
New York
|
+$7.16M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.93M |
| 4 |
Man Group
London,
United Kingdom
|
+$2.08M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.89M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$4.28M |
| 3 |
MC
Muzinich & Co
New York
|
-$3.86M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$3.1M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$2.64M |
PSEC Hedge Fund Activity: Q3 2019 in Review
207 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q3 2019, worth a combined $306M — up 2.2% from $300M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PSEC and 24 opened new positions — a net loss of 6 holders — while 73 trimmed existing stakes and 54 added.
The largest buyer was Arrowstreet Capital, adding an estimated $15.8M. The largest seller was UBS Group, cutting an estimated $4.89M.
- 207 institutional investors held Prospect Capital (PSEC) as of Q3 2019, down from 213 in Q2 2019.
- Funds reported $306M of Prospect Capital stock for Q3 2019, up 2.2% quarter-over-quarter.
- 24 funds opened new Prospect Capital positions in Q3 2019 and 30 closed out, a net change of -6 holders.
- The largest Prospect Capital buyer in Q3 2019 was Arrowstreet Capital, an estimated $15.8M added.
- The largest Prospect Capital seller in Q3 2019 was UBS Group, an estimated $4.89M sold.
Based on aggregated 13F filings for Q3 2019.