Stellus Capital Investment Corp
SCM
39 hedge funds and large institutions have $58.8M invested in Stellus Capital Investment Corp in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 23 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
3.67% less ownership
Funds ownership: 36.71% → 33.05% (-3.7%)
8% less capital invested
Capital invested by funds: $63.8M → $58.8M (-$5.04M)
19% less funds holding
Funds holding: 48 → 39 (-9)
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.82M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$1.21M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1,000K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$759K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$697K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$4.92M |
| 2 |
State Street
Boston,
Massachusetts
|
-$2.06M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.99M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$793K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$583K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TA
51
Teachers Advisors
New York
| – | -$300K | -20,835 | Closed |
|
52
Vanguard Group
Malvern,
Pennsylvania
| – | -$274K | -19,049 | Closed |
|
53
Charles Schwab
San Francisco,
California
| – | -$248K | -17,200 | Closed |
|
54
RhumbLine Advisers
Boston,
Massachusetts
| – | -$210K | -14,632 | Closed |
|
55
ProShare Advisors
Bethesda,
Maryland
| – | -$175K | -12,190 | Closed |
|
|
RFC
56
Russell Frank Company
Seattle,
Washington
| – | -$164K | -12,100 | Closed |
|
|
AIG
57
American International Group
New York
| – | -$142K | -9,894 | Closed |
|
|
NFA
58
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$133K | -9,221 | Closed |
|
|
BA
59
BlackRock Advisors
Wilmington,
Delaware
| – | -$88K | -6,105 | Closed |
|
60
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$65 | -4,493 | Closed |
|
61
Citigroup
New York
| – | -$28K | -1,894 | Closed |
|
62
BlackRock
New York
| – | -$6K | -398 | Closed |
|
SCM Hedge Fund Activity: Q2 2014 in Review
39 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Stellus Capital Investment Corp (SCM) for Q2 2014, worth a combined $58.8M — down 7.9% from $63.8M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SCM and 14 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Yorktown Management & Research Company, adding an estimated $1.82M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $4.92M sold.
- 39 institutional investors held Stellus Capital Investment Corp (SCM) as of Q2 2014, down from 48 in Q1 2014.
- Funds reported $58.8M of Stellus Capital Investment Corp stock for Q2 2014, down 7.9% quarter-over-quarter.
- 14 funds opened new Stellus Capital Investment Corp positions in Q2 2014 and 23 closed out, a net change of -9 holders.
- The largest Stellus Capital Investment Corp buyer in Q2 2014 was Yorktown Management & Research Company, an estimated $1.82M added.
- The largest Stellus Capital Investment Corp seller in Q2 2014 was BlackRock Fund Advisors, an estimated $4.92M sold.
Based on aggregated 13F filings for Q2 2014.