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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
CCM
101
Canal Capital Management
Virginia
$242K -$2.76K -139 -1%
JIR
102
James Investment Research
Ohio
$241K +$264K +13,300 New
CSS
103
Cubist Systematic Strategies
Connecticut
$240K +$263K +13,273 New
Cambridge Investment Research Advisors
104
Cambridge Investment Research Advisors
Iowa
$203K +$223K +11,240 New
DTL
105
Dynamic Technology Lab
Singapore
$203K +$223K +11,240 New
FCM
106
FJ Capital Management
Virginia
$183K +$198K +10,000 New
CIM
107
Corbyn Investment Management
Maryland
$181K
AG
108
Advisor Group
Arizona
$145K +$104K +5,235 +183%
PNC Financial Services Group
109
PNC Financial Services Group
Pennsylvania
$132K +$20K +1,006 +16%
WT
110
Whittier Trust
California
$131K
Barclays
111
Barclays
United Kingdom
$103K +$83.5K +4,207 +280%
PRC
112
Pearl River Capital
Michigan
$67K +$73.7K +3,715 New
Marshall Wace
113
Marshall Wace
United Kingdom
$56K -$4.53M -228,279 -99%
SF
114
Synovus Financial
Georgia
$56K +$61.8K +3,116 New
NFG
115
Next Financial Group
Texas
$46K +$50.7K +2,553 New
RQS
116
Ramsey Quantitative Systems
Kentucky
$33K -$24.7K -1,243 -41%
CAM
117
Cresset Asset Management
Illinois
$30K +$32K +1,615 New
AIM
118
Advantage Investment Management
Iowa
$20K -$45.7K -2,301 -67%
Citigroup
119
Citigroup
New York
$16K
Macquarie Group
120
Macquarie Group
Australia
$14K -$34.6K -1,743 -69%
SFSIG
121
San Francisco Sentry Investment Group
California
$14K
FDCDDQ
122
Federation des caisses Desjardins du Quebec
Quebec, Canada
$11.2K
BFEC
123
Benjamin F. Edwards & Company
Missouri
$9K
HIM
124
Hillsdale Investment Management
Ontario, Canada
$9K +$3.17K +160 +50%
Rockefeller Capital Management
125
Rockefeller Capital Management
New York
$6K +$6.65K +335 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.