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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
WAP
126
Wealthcare Advisory Partners
Pennsylvania
$5K +$79 +4 +2%
WAM
127
Wealthspire Advisors (Maryland)
Maryland
$3K -$23.8K -1,200 -88%
GRP
128
Global Retirement Partners
California
$3K
QCIG
129
Quad-Cities Investment Group
Iowa
$2K
BNP Paribas Financial Markets
130
BNP Paribas Financial Markets
France
$1.74K
US Bancorp
131
US Bancorp
Minnesota
$1K +$972 +49 New
APA
132
American Portfolios Advisors
New York
$905 +$992 +50 New
AAMU
133
Amundi Asset Management US
Massachusetts
$119 +$131K +6,600 New
AM
134
Ares Management
California
-$10.1M -497,214 Closed
First Trust Advisors
135
First Trust Advisors
Illinois
-$3.43M -168,198 Closed
AllianceBernstein
136
AllianceBernstein
Tennessee
-$1.96M -96,102 Closed
OAM
137
Oxford Asset Management
United Kingdom
-$1.22M -59,812 Closed
Two Sigma Advisers
138
Two Sigma Advisers
New York
-$1.12M -54,724 Closed
DIM
139
DC Investments Management
Virginia
-$590K -28,951 Closed
QC
140
Quadrature Capital
United Kingdom
-$453K -22,176 Closed
Capital Fund Management (CFM)
141
Capital Fund Management (CFM)
France
-$448K -21,980 Closed
Arrowstreet Capital
142
Arrowstreet Capital
Massachusetts
-$426K -20,900 Closed
EGA
143
Eagle Global Advisors
Texas
-$426K -20,870 Closed
Russell Investments Group
144
Russell Investments Group
United Kingdom
-$334K -16,321 Closed
SPIA
145
Steward Partners Investment Advisory
New York
-$209K -10,267 Closed
Walleye Trading
146
Walleye Trading
New York
-$114K -5,614 Closed
SWP
147
Stratos Wealth Partners
Ohio
-$57K -2,809 Closed
WHG
148
Westwood Holdings Group
Texas
-$33K -1,600 Closed
SFM
149
Signet Financial Management
New Jersey
-$8K -387 Closed
VCM
150
Versant Capital Management
Arizona
-$4K -206 Closed

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.