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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
LTFS
51
Ladenburg Thalmann Financial Services
Florida
$1.61M +$81.6K +4,111 +5%
Allianz Asset Management
52
Allianz Asset Management
Germany
$1.55M
Two Sigma Investments
53
Two Sigma Investments
New York
$1.5M +$122K +6,159 +8%
IA
54
IFP Advisors
Florida
$1.45M +$1.55M +77,876 +34,612%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$1.39M +$201K +10,116 +15%
RJA
56
Raymond James & Associates
Florida
$1.32M -$87.3K -4,397 -6%
SIG
57
Sargent Investment Group
Maryland
$1.26M +$1.38M +69,660 New
MCM
58
Monument Capital Management
Virginia
$1.18M +$75K +3,779 +6%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$1.09M +$24.7K +1,243 +2%
WFI
60
West Family Investments
California
$999K
Acadian Asset Management
61
Acadian Asset Management
Massachusetts
$936K -$4.13M -207,865 -80%
Bank of New York Mellon
62
Bank of New York Mellon
New York
$919K +$329K +16,583 +48%
Connor, Clark & Lunn Investment Management (CC&L)
63
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$815K -$674K -33,958 -43%
State of Tennessee, Department of Treasury
64
State of Tennessee, Department of Treasury
Tennessee
$765K +$708K +35,700 +541%
AIMCA
65
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$754K
Goldman Sachs
66
Goldman Sachs
New York
$740K +$812K +40,906 New
AWS
67
AJ Wealth Strategies
New York
$721K -$4.92K -248 -0.6%
SSA
68
Schonfeld Strategic Advisors
New York
$672K +$211K +10,654 +40%
GCP
69
GSA Capital Partners
United Kingdom
$623K -$100K -5,062 -13%
TG
70
TCW Group
California
$619K -$77.4K -3,900 -10%
SCM
71
Shelton Capital Management
Colorado
$617K
AIM
72
Allen Investment Management
New York
$550K
WA
73
Wambolt & Associates
Colorado
$542K +$594K +29,947 New
AIM
74
Assured Investment Management
New York
$541K -$348K -17,516 -37%
RIG
75
Roosevelt Investment Group
New York
$536K +$588K +29,650 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.