Prospect Capital
PSEC
218 hedge funds and large institutions have $517M invested in Prospect Capital in 2017 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 70 increasing their positions, 69 reducing their positions, and 21 closing their positions.
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
19% more capital invested
Capital invested by funds: $434M → $517M (+$82.8M)
3% more funds holding
Funds holding: 212 → 218 (+6)
1.35% more ownership
Funds ownership: 14.55% → 15.9% (+1.4%)
1% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 69
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
89% less call options, than puts
Call options by funds: $5.66M | Put options by funds: $50.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$40M |
| 2 |
BlackRock
New York
|
+$22.2M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$9.9M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$6.3M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$8.99M |
| 2 |
AFG
American Financial Group
Cincinnati,
Ohio
|
-$8.35M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$5.93M |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$3.16M |
| 5 |
Morgan Stanley
New York
|
-$2.78M |
PSEC Hedge Fund Activity: Q1 2017 in Review
218 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q1 2017, worth a combined $517M — up 19% from $434M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PSEC positions and 21 closed out — a net gain of 10 holders — while 70 added to existing stakes and 69 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $40M. The largest seller was Ares Management, exiting entirely with an estimated $8.99M sold.
- 218 institutional investors held Prospect Capital (PSEC) as of Q1 2017, up from 212 in Q4 2016.
- Funds reported $517M of Prospect Capital stock for Q1 2017, up 19% quarter-over-quarter.
- 31 funds opened new Prospect Capital positions in Q1 2017 and 21 closed out, a net change of +10 holders.
- The largest Prospect Capital buyer in Q1 2017 was Muzinich & Co, an estimated $40M added.
- The largest Prospect Capital seller in Q1 2017 was Ares Management, an estimated $8.99M sold.
Based on aggregated 13F filings for Q1 2017.