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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
GT
201
Glenmede Trust
Pennsylvania
$50K +$50K +4,500 +8,824%
HNB
202
Huntington National Bank
Ohio
$34K +$33.3K +3,000 New
FI
203
FCM Investments
Texas
$30K
FMII
204
Farmers & Merchants Investments Inc
Nebraska
$27K
Jones Financial Companies
205
Jones Financial Companies
Missouri
$23K +$23.1K +2,084 New
SNT
206
Security National Trust
West Virginia
$22K
TWA
207
TCI Wealth Advisors
Arizona
$20K +$20K +1,800 New
PMFA
208
Plante Moran Financial Advisors
Michigan
$17K
PAS
209
Partnervest Advisory Services
California
$11K
FMP
210
Financial Management Professionals
Texas
$6K +$167 +15 +3%
FNBT
211
FineMark National Bank & Trust
Florida
$5K +$133 +12 +3%
Envestnet Asset Management
212
Envestnet Asset Management
Illinois
$5K +$4.85K +437 New
PIA
213
Piedmont Investment Advisors
North Carolina
$3.14K
GGPS
214
Gary Goldberg Planning Services
New York
$2K
TFA
215
Transamerica Financial Advisors
Florida
$2K
WCM
216
Wealthcare Capital Management
Virginia
$2K
ECM
217
ETrade Capital Management
Virginia
$2K +$67 +6 +3%
Manulife (Manufacturers Life Insurance)
218
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.85K -$22K -1,985 -1%
CPS
219
Counsel Portfolio Services
Ontario, Canada
$840 +$117K +10,500 +16%
Two Sigma Investments
220
Two Sigma Investments
New York
-$4.55M -421,646 Closed
Fidelity Investments
221
Fidelity Investments
Massachusetts
-$3.46M -320,000 Closed
PRCM
222
Pine River Capital Management
Minnesota
-$2.97M -274,978 Closed
RJFSA
223
Raymond James Financial Services Advisors
Florida
-$1.58M -146,059 Closed
SFM
224
Systematic Financial Management
New Jersey
-$1.45M -134,190 Closed
Wellington Management Group
225
Wellington Management Group
Massachusetts
-$1.13M -104,588 Closed

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.