Sixth Street Specialty
TSLX
135 hedge funds and large institutions have $622M invested in Sixth Street Specialty in 2020 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 45 reducing their positions, and 27 closing their positions.
48% more call options, than puts
Call options by funds: $778K | Put options by funds: $524K
14% more capital invested
Capital invested by funds: $546M → $622M (+$76.3M)
2% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 45
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
2% less funds holding
Funds holding: 138 → 135 (-3)
2.54% less ownership
Funds ownership: 58.81% → 56.27% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
+$14.2M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$10.7M |
| 3 |
Millennium Management
New York
|
+$4.67M |
| 4 |
Two Sigma Investments
New York
|
+$3.59M |
| 5 |
C
Cliffwater
Marina Del Rey,
California
|
+$3.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$33.4M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$7.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$5.78M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.67M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SF
151
Synovus Financial
Columbus,
Georgia
| – | -$65K | -4,677 | Closed |
|
152
Simplex Trading
Chicago,
Illinois
| – | -$62K | -3,729 | Closed |
|
|
CLOS
153
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| – | -$42K | -2,999 | Closed |
|
|
NFG
154
Next Financial Group
Houston,
Texas
| – | -$35K | -2,499 | Closed |
|
|
AA
155
Advisory Alpha
Holland,
Michigan
| – | -$10.4K | -683 | Closed |
|
156
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -384 | Closed |
|
|
QT
157
Quantbot Technologies
New York
| – | -$3K | -281 | Closed |
|
|
FA
158
Fortis Advisors
Wayne,
Pennsylvania
| – | -$2K | -160 | Closed |
|
159
BNP Paribas Financial Markets
Paris,
France
| – | -$1.34K | -96 | Closed |
|
160
US Bancorp
Minneapolis,
Minnesota
| – | +$50 | +3 | New |
|
161
BlackRock
New York
| – | +$100 | +6 | New |
|
TSLX Hedge Fund Activity: Q2 2020 in Review
135 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q2 2020, worth a combined $622M — up 14% from $546M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of TSLX and 25 opened new positions — a net loss of 2 holders — while 45 trimmed existing stakes and 46 added.
The largest buyer was STRS Ohio, adding an estimated $14.2M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $33.4M.
- 135 institutional investors held Sixth Street Specialty (TSLX) as of Q2 2020, down from 138 in Q1 2020.
- Funds reported $622M of Sixth Street Specialty stock for Q2 2020, up 14% quarter-over-quarter.
- 25 funds opened new Sixth Street Specialty positions in Q2 2020 and 27 closed out, a net change of -2 holders.
- The largest Sixth Street Specialty buyer in Q2 2020 was STRS Ohio, an estimated $14.2M added.
- The largest Sixth Street Specialty seller in Q2 2020 was State of New Jersey Common Pension Fund D, an estimated $33.4M sold.
Based on aggregated 13F filings for Q2 2020.