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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
212
Holders Change
-4
Holders Change %
-1.85%
% of All Funds
5.3%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
29
Increased
74
Reduced
62
Closed
28
Calls
$2.3M
Puts
$57.2M
Net Calls
-$54.9M
Net Calls Change
+$1.98M

Top Buyers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
+$35.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$8.17M
3
Invesco
Invesco
Georgia
+$7.94M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$7.5M
5
AM
Ares Management
California
+$5.61M

Top Sellers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
-$5.64M
2
Morgan Stanley
Morgan Stanley
New York
-$4.43M
3
BCM
Beck Capital Management
Texas
-$2.19M
4
Goldman Sachs
Goldman Sachs
New York
-$1.71M
5
HighTower Advisors
HighTower Advisors
Illinois
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
1
Muzinich & Co
New York
$63.4M +$35.2M +4,388,739 +137%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$42.8M +$7.5M +934,000 +21%
BG
3
BlackRock Group
United Kingdom
$19.2M +$5.21M +648,947 +39%
Morgan Stanley
4
Morgan Stanley
New York
$17M -$4.43M -552,166 -21%
JMPWA
5
JP Morgan Private Wealth Advisors
California
$17M +$1.16M +144,125 +8%
Invesco
6
Invesco
Georgia
$13.8M +$7.94M +989,477 +149%
Two Sigma Investments
7
Two Sigma Investments
New York
$12.4M +$8.17M +1,017,067 +218%
VanEck Associates
8
VanEck Associates
New York
$12.4M +$2.09M +260,177 +21%
LSV Asset Management
9
LSV Asset Management
Illinois
$11.2M +$490K +61,000 +5%
Deutsche Bank
10
Deutsche Bank
Germany
$10.6M +$2.05M +255,815 +25%
UBS Group
11
UBS Group
Switzerland
$10.3M +$3.25M +404,614 +49%
AM
12
Ares Management
California
$8.99M +$5.61M +698,493 +185%
AFG
13
American Financial Group
Ohio
$8.35M – – –
AAM
14
Advisors Asset Management
Colorado
$7.5M +$1.13M +140,148 +18%
Legal & General Group
15
Legal & General Group
United Kingdom
$6.83M +$195K +24,287 +3%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$5.92M +$1.6M +199,270 +39%
USAA
17
United Services Automobile Association
Texas
$5.63M – – –
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$5.62M +$406K +50,611 +8%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$5.6M +$2.35M +293,083 +78%
CP
20
Camelot Portfolios
Ohio
$5.15M +$416K +51,848 +9%
Bank of Nova Scotia
21
Bank of Nova Scotia
Ontario, Canada
$4.38M – – –
MCM
22
McKinley Capital Management
Alaska
$4.36M +$134K +16,666 +3%
GC
23
Guggenheim Capital
Illinois
$4.12M +$466K +58,105 +13%
TNBTD
24
Trustmark National Bank Trust Department
Mississippi
$4.05M – – –
BC
25
Barnett & Company
Tennessee
$4.04M -$151K -18,800 -4%
1
2 3 4 5

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.