Prospect Capital
PSEC
219 hedge funds and large institutions have $428M invested in Prospect Capital in 2014 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 69 increasing their positions, 69 reducing their positions, and 35 closing their positions.
51% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 35
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
6% more funds holding
Funds holding: 206 → 219 (+13)
0% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 69
1% less capital invested
Capital invested by funds: $434M → $428M (-$5.83M)
65% less call options, than puts
Call options by funds: $2.26M | Put options by funds: $6.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$19.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.78M |
| 3 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$9.22M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$9.1M |
| 5 |
Two Sigma Investments
New York
|
+$8.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CNB
City National Bank
Beverly Hills,
California
|
-$39.9M |
| 2 |
VM
Varde Management
Minneapolis,
Minnesota
|
-$14.4M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$7.07M |
| 4 |
Goldman Sachs
New York
|
-$4.75M |
| 5 |
Morgan Stanley
New York
|
-$4.2M |
PSEC Hedge Fund Activity: Q4 2014 in Review
219 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2014, worth a combined $428M — down 1.3% from $434M a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PSEC positions and 35 closed out — a net gain of 18 holders — while 69 added to existing stakes and 69 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $19.9M. The largest seller was City National Bank, cutting an estimated $39.9M.
- 219 institutional investors held Prospect Capital (PSEC) as of Q4 2014, up from 206 in Q3 2014.
- Funds reported $428M of Prospect Capital stock for Q4 2014, down 1.3% quarter-over-quarter.
- 53 funds opened new Prospect Capital positions in Q4 2014 and 35 closed out, a net change of +18 holders.
- The largest Prospect Capital buyer in Q4 2014 was Deutsche Bank, an estimated $19.9M added.
- The largest Prospect Capital seller in Q4 2014 was City National Bank, an estimated $39.9M sold.
Based on aggregated 13F filings for Q4 2014.