Prospect Capital
PSEC
212 hedge funds and large institutions have $434M invested in Prospect Capital in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 62 reducing their positions, and 28 closing their positions.
28% more capital invested
Capital invested by funds: $338M → $434M (+$95.5M)
19% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 62
14.55% more ownership
Funds ownership: 0% → 14.55% (+15%)
4% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 28
2% less funds holding
Funds holding: 216 → 212 (-4)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
96% less call options, than puts
Call options by funds: $2.3M | Put options by funds: $57.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$35.2M |
| 2 |
Two Sigma Investments
New York
|
+$8.17M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$7.94M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.5M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
+$5.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$5.64M |
| 2 |
Morgan Stanley
New York
|
-$4.43M |
| 3 |
BCM
Beck Capital Management
Austin,
Texas
|
-$2.19M |
| 4 |
Goldman Sachs
New York
|
-$1.71M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$1.22M |
PSEC Hedge Fund Activity: Q4 2016 in Review
212 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2016, worth a combined $434M — up 28% from $338M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PSEC positions and 28 closed out — a net gain of 1 holder — while 74 added to existing stakes and 62 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $35.2M. The largest seller was Barclays, cutting an estimated $5.64M.
- 212 institutional investors held Prospect Capital (PSEC) as of Q4 2016, down from 216 in Q3 2016.
- Funds reported $434M of Prospect Capital stock for Q4 2016, up 28% quarter-over-quarter.
- 29 funds opened new Prospect Capital positions in Q4 2016 and 28 closed out, a net change of +1 holder.
- The largest Prospect Capital buyer in Q4 2016 was Muzinich & Co, an estimated $35.2M added.
- The largest Prospect Capital seller in Q4 2016 was Barclays, an estimated $5.64M sold.
Based on aggregated 13F filings for Q4 2016.