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Sixth Street Specialty

135 hedge funds and large institutions have $752M invested in Sixth Street Specialty in 2018 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,400% more call options, than puts

Call options by funds: $55K | Put options by funds: $1K

78% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 18

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

32% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 34

11% more funds holding

Funds holding: 122135 (+13)

3.09% more ownership

Funds ownership: 60.24%63.33% (+3.1%)

6% less capital invested

Capital invested by funds: $803M → $752M (-$50.5M)

Holders
135
Holders Change
+13
Holders Change %
+10.66%
% of All Funds
3.01%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.16%
New
32
Increased
45
Reduced
34
Closed
18
Calls
$55K
Puts
$1K
Net Calls
+$54K
Net Calls Change
-$309K
Name Holding Trade Value Shares
Change
Change in
Stake
CS
26
Credit Suisse
Switzerland
$4.79M +$5.26M +264,921 New
PGH
27
Partners Group Holding
Switzerland
$4.66M +$5.11M +257,433 New
Nomura Holdings
28
Nomura Holdings
Japan
$4.62M +$149K +7,488 +3%
AAM
29
Advisors Asset Management
Colorado
$4.62M -$721K -36,319 -12%
GC
30
Gillson Capital
Illinois
$3.92M +$1.44M +72,574 +50%
Invesco
31
Invesco
Georgia
$3.7M +$144K +7,273 +4%
FWIA
32
Fort Washington Investment Advisors
Ohio
$3.3M -$2.9M -146,180 Closed
AR
33
Advisory Research
Illinois
$3.29M -$909K -45,820 -20%
MCM
34
McKinley Capital Management
Alaska
$3.27M -$222K -11,175 -6%
SMDAM
35
Sumitomo Mitsui DS Asset Management
Japan
$3M -$887K -44,699 -21%
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$2.83M -$1.41M -70,931 -31%
WA
37
Wealthstar Advisors
Texas
$2.71M -$11.8K -593 -0.4%
GIM
38
Greenwich Investment Management
Connecticut
$2.64M -$194K -9,765 -6%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$2.54M +$189K +9,528 +7%
CCM
40
Callodine Capital Management
Massachusetts
$2.53M +$2.78M +140,000 New
MIM
41
Monashee Investment Management
Massachusetts
$2.53M +$2.78M +140,000 New
P3I
42
Progeny 3 Inc
Washington
$2.34M -$2.28M -115,000 -47%
Mackenzie Financial
43
Mackenzie Financial
Ontario, Canada
$2.19M
Citadel Advisors
44
Citadel Advisors
Florida
$2.16M +$1.47M +74,283 +164%
JP Morgan Chase
45
JP Morgan Chase
New York
$2.08M +$1.66M +83,581 +264%
Deutsche Bank
46
Deutsche Bank
Germany
$1.86M -$685K -34,529 -25%
JMPWA
47
JP Morgan Private Wealth Advisors
California
$1.84M -$97.7K -4,922 -5%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$1.76M +$1.94M +97,543 New
CIBC Private Wealth Group
49
CIBC Private Wealth Group
Georgia
$1.66M +$201K +10,116 +12%
LBD
50
Landsberg Bennett & Dubbaneh
Florida
$1.65M +$1.81M +91,356 New

TSLX Hedge Fund Activity: Q4 2018 in Review

135 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q4 2018, worth a combined $752M — down 6.3% from $803M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new TSLX positions and 18 closed out — a net gain of 14 holders — while 45 added to existing stakes and 34 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $30.7M. The largest seller was Ares Management, exiting entirely with an estimated $10.1M sold.

  • 135 institutional investors held Sixth Street Specialty (TSLX) as of Q4 2018, up from 122 in Q3 2018.
  • Funds reported $752M of Sixth Street Specialty stock for Q4 2018, down 6.3% quarter-over-quarter.
  • 32 funds opened new Sixth Street Specialty positions in Q4 2018 and 18 closed out, a net change of +14 holders.
  • The largest Sixth Street Specialty buyer in Q4 2018 was Fidelity Investments, an estimated $30.7M added.
  • The largest Sixth Street Specialty seller in Q4 2018 was Ares Management, an estimated $10.1M sold.

Based on aggregated 13F filings for Q4 2018.