Sixth Street Specialty
TSLX
52 hedge funds and large institutions have $486M invested in Sixth Street Specialty in 2014 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 8 closing their positions.
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more funds holding
Funds holding: 41 → 52 (+11)
15.45% more ownership
Funds ownership: 41.22% → 56.67% (+15%)
1% more capital invested
Capital invested by funds: $480M → $486M (+$5.8M)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
+$69.4M |
| 2 |
Morgan Stanley
New York
|
+$55.5M |
| 3 |
P3I
Progeny 3 Inc
Kirkland,
Washington
|
+$12.8M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$6.28M |
| 5 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$5.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UIM
USS Investment Management
London,
United Kingdom
|
-$7.88M |
| 2 |
Jane Street
New York
|
-$2.65M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$1.53M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.18M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $22 | +$21.5K | +1,156 | +500% |
|
|
52
Jane Street
New York
| – | -$2.65M | -121,460 | Closed |
|
|
BG
53
BlackRock Group
London,
United Kingdom
| – | -$1.53M | -70,286 | Closed |
|
|
54
Alyeska Investment Group
Chicago,
Illinois
| – | -$1.09M | -50,000 | Closed |
|
|
SIM
55
Spark Investment Management
New York
| – | -$726K | -33,300 | Closed |
|
56
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$568K | -26,052 | Closed |
|
|
CS
57
Credit Suisse
Zurich,
Switzerland
| – | -$464K | -21,240 | Closed |
|
|
PCM
58
Prelude Capital Management
New York
| – | -$437K | -20,000 | Closed |
|
|
EMG
59
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$236K | -10,800 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$15.9K | -855 | -98% |
|
TSLX Hedge Fund Activity: Q3 2014 in Review
52 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q3 2014, worth a combined $486M — up 1.2% from $480M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new TSLX positions and 8 closed out — a net gain of 11 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was STRS Ohio, opening a new position worth an estimated $69.4M. The largest seller was USS Investment Management, cutting an estimated $7.88M.
- 52 institutional investors held Sixth Street Specialty (TSLX) as of Q3 2014, up from 41 in Q2 2014.
- Funds reported $486M of Sixth Street Specialty stock for Q3 2014, up 1.2% quarter-over-quarter.
- 19 funds opened new Sixth Street Specialty positions in Q3 2014 and 8 closed out, a net change of +11 holders.
- The largest Sixth Street Specialty buyer in Q3 2014 was STRS Ohio, an estimated $69.4M added.
- The largest Sixth Street Specialty seller in Q3 2014 was USS Investment Management, an estimated $7.88M sold.
Based on aggregated 13F filings for Q3 2014.