Prospect Capital
PSEC
221 hedge funds and large institutions have $260M invested in Prospect Capital in 2019 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 65 increasing their positions, 70 reducing their positions, and 40 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 70
1.14% less ownership
Funds ownership: 13.05% → 11.91% (-1.1%)
8% less funds holding
Funds holding: 239 → 221 (-18)
14% less capital invested
Capital invested by funds: $301M → $260M (-$41.6M)
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
78% less call options, than puts
Call options by funds: $4.21M | Put options by funds: $19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$11.4M |
| 2 |
KBC Group
Brussels,
Belgium
|
+$2.33M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$2.22M |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$1.67M |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$904K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$6.01M |
| 2 |
Millennium Management
New York
|
-$5.46M |
| 3 |
MC
Muzinich & Co
New York
|
-$5.34M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.96M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.95M |
PSEC Hedge Fund Activity: Q1 2019 in Review
221 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q1 2019, worth a combined $260M — down 14% from $301M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of PSEC and 24 opened new positions — a net loss of 16 holders — while 70 trimmed existing stakes and 65 added.
The largest buyer was Bank of Montreal, adding an estimated $11.4M. The largest seller was UBS Group, cutting an estimated $6.01M.
- 221 institutional investors held Prospect Capital (PSEC) as of Q1 2019, down from 239 in Q4 2018.
- Funds reported $260M of Prospect Capital stock for Q1 2019, down 14% quarter-over-quarter.
- 24 funds opened new Prospect Capital positions in Q1 2019 and 40 closed out, a net change of -16 holders.
- The largest Prospect Capital buyer in Q1 2019 was Bank of Montreal, an estimated $11.4M added.
- The largest Prospect Capital seller in Q1 2019 was UBS Group, an estimated $6.01M sold.
Based on aggregated 13F filings for Q1 2019.