Prospect Capital
PSEC
221 hedge funds and large institutions have $350M invested in Prospect Capital in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 77 increasing their positions, 64 reducing their positions, and 24 closing their positions.
63% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 24
20% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 64
14% more capital invested
Capital invested by funds: $306M → $350M (+$43.5M)
7% more funds holding
Funds holding: 207 → 221 (+14)
2.14% more ownership
Funds ownership: 12.66% → 14.8% (+2.1%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
89% less call options, than puts
Call options by funds: $1.95M | Put options by funds: $17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$10.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.6M |
| 3 |
Man Group
London,
United Kingdom
|
+$10.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$9.87M |
| 5 |
Two Sigma Investments
New York
|
+$8.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$5.26M |
| 2 |
Morgan Stanley
New York
|
-$4.11M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.54M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.84M |
PSEC Hedge Fund Activity: Q4 2019 in Review
221 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2019, worth a combined $350M — up 14% from $306M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PSEC positions and 24 closed out — a net gain of 15 holders — while 77 added to existing stakes and 64 trimmed.
The largest buyer was Independent Advisor Alliance, adding an estimated $10.7M. The largest seller was Allianz Asset Management, cutting an estimated $5.26M.
- 221 institutional investors held Prospect Capital (PSEC) as of Q4 2019, up from 207 in Q3 2019.
- Funds reported $350M of Prospect Capital stock for Q4 2019, up 14% quarter-over-quarter.
- 39 funds opened new Prospect Capital positions in Q4 2019 and 24 closed out, a net change of +15 holders.
- The largest Prospect Capital buyer in Q4 2019 was Independent Advisor Alliance, an estimated $10.7M added.
- The largest Prospect Capital seller in Q4 2019 was Allianz Asset Management, an estimated $5.26M sold.
Based on aggregated 13F filings for Q4 2019.