Prospect Capital
PSEC
213 hedge funds and large institutions have $300M invested in Prospect Capital in 2019 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 66 reducing their positions, and 33 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more capital invested
Capital invested by funds: $260M → $300M (+$40M)
0.61% more ownership
Funds ownership: 11.91% → 12.52% (+0.61%)
5% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 66
4% less funds holding
Funds holding: 221 → 213 (-8)
15% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 33
92% less call options, than puts
Call options by funds: $1.68M | Put options by funds: $20.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.49M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$6.23M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.72M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
+$4.49M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$10.7M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$2.77M |
| 3 |
MC
Muzinich & Co
New York
|
-$2.13M |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$1.82M |
| 5 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$1.78M |
PSEC Hedge Fund Activity: Q2 2019 in Review
213 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q2 2019, worth a combined $300M — up 15% from $260M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PSEC and 28 opened new positions — a net loss of 5 holders — while 66 trimmed existing stakes and 63 added.
The largest buyer was Bank of Montreal, adding an estimated $7.49M. The largest seller was UBS Group, cutting an estimated $10.7M.
- 213 institutional investors held Prospect Capital (PSEC) as of Q2 2019, down from 221 in Q1 2019.
- Funds reported $300M of Prospect Capital stock for Q2 2019, up 15% quarter-over-quarter.
- 28 funds opened new Prospect Capital positions in Q2 2019 and 33 closed out, a net change of -5 holders.
- The largest Prospect Capital buyer in Q2 2019 was Bank of Montreal, an estimated $7.49M added.
- The largest Prospect Capital seller in Q2 2019 was UBS Group, an estimated $10.7M sold.
Based on aggregated 13F filings for Q2 2019.