Prospect Capital
PSEC
213 hedge funds and large institutions have $448M invested in Prospect Capital in 2017 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 80 increasing their positions, 63 reducing their positions, and 28 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 63
0.59% less ownership
Funds ownership: 15.9% → 15.31% (-0.59%)
2% less funds holding
Funds holding: 218 → 213 (-5)
11% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 28
13% less capital invested
Capital invested by funds: $517M → $448M (-$69.1M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
90% less call options, than puts
Call options by funds: $5.03M | Put options by funds: $52.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.13M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$6.77M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$5.72M |
| 4 |
Morgan Stanley
New York
|
+$4.28M |
| 5 |
VanEck Associates
New York
|
+$3.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$14.5M |
| 2 |
Two Sigma Investments
New York
|
-$11.8M |
| 3 |
Two Sigma Advisers
New York
|
-$6.04M |
| 4 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
-$3.94M |
| 5 |
BlackRock
New York
|
-$3.82M |
PSEC Hedge Fund Activity: Q2 2017 in Review
213 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q2 2017, worth a combined $448M — down 13% from $517M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PSEC and 25 opened new positions — a net loss of 3 holders — while 63 trimmed existing stakes and 80 added.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $8.13M. The largest seller was Muzinich & Co, cutting an estimated $14.5M.
- 213 institutional investors held Prospect Capital (PSEC) as of Q2 2017, down from 218 in Q1 2017.
- Funds reported $448M of Prospect Capital stock for Q2 2017, down 13% quarter-over-quarter.
- 25 funds opened new Prospect Capital positions in Q2 2017 and 28 closed out, a net change of -3 holders.
- The largest Prospect Capital buyer in Q2 2017 was Arrowstreet Capital, an estimated $8.13M added.
- The largest Prospect Capital seller in Q2 2017 was Muzinich & Co, an estimated $14.5M sold.
Based on aggregated 13F filings for Q2 2017.