Prospect Capital
PSEC
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.
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: 5 → 6 (+1)
8% more funds holding
Funds holding: 203 → 219 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$31.7M |
| 2 |
D.E. Shaw & Co
New York
|
+$9.52M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$6.77M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.1M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$5.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$30.6M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$12.1M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$9.44M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.78M |
| 5 |
Two Sigma Investments
New York
|
-$4.55M |
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.