Prospect Capital
PSEC
206 hedge funds and large institutions have $434M invested in Prospect Capital in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 82 increasing their positions, 68 reducing their positions, and 42 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 68
9% less funds holding
Funds holding: 227 → 206 (-21)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
30% less capital invested
Capital invested by funds: $623M → $434M (-$189M)
50% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 42
95% less call options, than puts
Call options by funds: $623K | Put options by funds: $13.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$7.54M |
| 2 |
CNB
City National Bank
Beverly Hills,
California
|
+$7.38M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$6.49M |
| 4 |
Goldman Sachs
New York
|
+$4.36M |
| 5 |
BC
Barnett & Company
Chattanooga,
Tennessee
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$25.9M |
| 2 |
Morgan Stanley
New York
|
-$17.1M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$14.3M |
| 4 |
Citigroup
New York
|
-$13.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$13M |
PSEC Hedge Fund Activity: Q3 2014 in Review
206 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q3 2014, worth a combined $434M — down 30% from $623M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of PSEC and 21 opened new positions — a net loss of 21 holders — while 68 trimmed existing stakes and 82 added.
The largest buyer was Amundi Asset Management US, opening a new position worth an estimated $7.54M. The largest seller was Northern Trust, cutting an estimated $25.9M.
- 206 institutional investors held Prospect Capital (PSEC) as of Q3 2014, down from 227 in Q2 2014.
- Funds reported $434M of Prospect Capital stock for Q3 2014, down 30% quarter-over-quarter.
- 21 funds opened new Prospect Capital positions in Q3 2014 and 42 closed out, a net change of -21 holders.
- The largest Prospect Capital buyer in Q3 2014 was Amundi Asset Management US, an estimated $7.54M added.
- The largest Prospect Capital seller in Q3 2014 was Northern Trust, an estimated $25.9M sold.
Based on aggregated 13F filings for Q3 2014.