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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
TYCC
76
Texas Yale Capital Corp
Florida
$532K +$75.9K +3,825 +15%
Grantham, Mayo, Van Otterloo & Co (GMO)
77
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$517K +$568K +28,600 New
SEI Investments
78
SEI Investments
Pennsylvania
$511K +$46.6K +2,347 +10%
KACA
79
Kayne Anderson Capital Advisors
California
$510K +$59.5K +3,000 +12%
RA
80
Resource America
New York
$488K +$536K +27,000 New
Aberdeen Group
81
Aberdeen Group
United Kingdom
$463K -$198K -10,000 -29%
Ameriprise
82
Ameriprise
Minnesota
$453K -$688K -34,662 -58%
WAM
83
Wakefield Asset Management
Colorado
$440K +$219K +11,056 +83%
FAIM
84
Financial Advocates Investment Management
Washington
$418K +$104K +5,250 +29%
WPP
85
Whalerock Point Partners
Rhode Island
$386K +$9.92K +500 +2%
California Public Employees Retirement System
86
California Public Employees Retirement System
California
$373K -$3.97K -200 -1%
Northern Trust
87
Northern Trust
Illinois
$362K +$119K +6,000 +43%
Point72 Asset Management
88
Point72 Asset Management
Connecticut
$362K +$397K +20,000 New
VF
89
Virtu Financial
New York
$324K +$355K +17,908 New
SCI
90
Stableford Capital II
Arizona
$317K
Neuberger Berman Group
91
Neuberger Berman Group
New York
$298K -$16.5K -833 -5%
ECM
92
ExodusPoint Capital Management
New York
$297K +$325K +16,400 New
M&T Bank
93
M&T Bank
New York
$286K
OFW
94
Omnia Family Wealth
Florida
$285K +$306K +15,413 New
IWA
95
Inspirion Wealth Advisors
Illinois
$279K
IA
96
IFG Advisory
Georgia
$263K +$27.8K +1,401 +11%
CIBC World Market
97
CIBC World Market
Ontario, Canada
$260K -$22K -1,107 -7%
TRCT
98
Tower Research Capital (TRC)
New York
$253K +$277K +13,973 New
Mirae Asset Global Investments
99
Mirae Asset Global Investments
South Korea
$252K +$9.96K +502 +4%
RJFSA
100
Raymond James Financial Services Advisors
Florida
$251K +$19.8K +1,000 +8%

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.