Prospect Capital
PSEC
224 hedge funds and large institutions have $381M invested in Prospect Capital in 2018 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 70 increasing their positions, 69 reducing their positions, and 20 closing their positions.
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
29% more capital invested
Capital invested by funds: $294M → $381M (+$86.1M)
4% more funds holding
Funds holding: 216 → 224 (+8)
2.15% more ownership
Funds ownership: 12.1% → 14.24% (+2.1%)
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)
86% less call options, than puts
Call options by funds: $3.57M | Put options by funds: $24.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$19.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$17.8M |
| 3 |
Two Sigma Investments
New York
|
+$5.92M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$3.75M |
| 5 |
Two Sigma Advisers
New York
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$7.76M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.04M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$1.87M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.12M |
| 5 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$990K |
PSEC Hedge Fund Activity: Q3 2018 in Review
224 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q3 2018, worth a combined $381M — up 29% from $294M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PSEC positions and 20 closed out — a net gain of 9 holders — while 70 added to existing stakes and 69 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $19.5M. The largest seller was Muzinich & Co, cutting an estimated $7.76M.
- 224 institutional investors held Prospect Capital (PSEC) as of Q3 2018, up from 216 in Q2 2018.
- Funds reported $381M of Prospect Capital stock for Q3 2018, up 29% quarter-over-quarter.
- 29 funds opened new Prospect Capital positions in Q3 2018 and 20 closed out, a net change of +9 holders.
- The largest Prospect Capital buyer in Q3 2018 was Credit Suisse, an estimated $19.5M added.
- The largest Prospect Capital seller in Q3 2018 was Muzinich & Co, an estimated $7.76M sold.
Based on aggregated 13F filings for Q3 2018.