Prospect Capital
PSEC
221 hedge funds and large institutions have $347M invested in Prospect Capital in 2017 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 53 increasing their positions, 86 reducing their positions, and 35 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
34% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 35
5% more funds holding
Funds holding: 210 → 221 (+11)
1.4% less ownership
Funds ownership: 15.71% → 14.31% (-1.4%)
9% less capital invested
Capital invested by funds: $380M → $347M (-$32.8M)
38% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 86
58% less call options, than puts
Call options by funds: $22.1M | Put options by funds: $52.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$10.5M |
| 2 |
AP
AHL Partners
London,
United Kingdom
|
+$8.54M |
| 3 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
+$4.36M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$3.92M |
| 5 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$24.1M |
| 2 |
MC
Muzinich & Co
New York
|
-$11.1M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$9.61M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$7.05M |
| 5 |
Morgan Stanley
New York
|
-$5.97M |
PSEC Hedge Fund Activity: Q4 2017 in Review
221 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2017, worth a combined $347M — down 8.6% from $380M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new PSEC positions and 35 closed out — a net gain of 12 holders — while 53 added to existing stakes and 86 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $10.5M. The largest seller was Bank of Montreal, cutting an estimated $24.1M.
- 221 institutional investors held Prospect Capital (PSEC) as of Q4 2017, up from 210 in Q3 2017.
- Funds reported $347M of Prospect Capital stock for Q4 2017, down 8.6% quarter-over-quarter.
- 47 funds opened new Prospect Capital positions in Q4 2017 and 35 closed out, a net change of +12 holders.
- The largest Prospect Capital buyer in Q4 2017 was Two Sigma Investments, an estimated $10.5M added.
- The largest Prospect Capital seller in Q4 2017 was Bank of Montreal, an estimated $24.1M sold.
Based on aggregated 13F filings for Q4 2017.