Sixth Street Specialty
TSLX
49 hedge funds and large institutions have $506M invested in Sixth Street Specialty in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 17 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
4% more capital invested
Capital invested by funds: $486M → $506M (+$20.4M)
0.69% less ownership
Funds ownership: 56.67% → 55.97% (-0.69%)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
6% less funds holding
Funds holding: 52 → 49 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
P3I
Progeny 3 Inc
Kirkland,
Washington
|
+$6.85M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$6.64M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$6.18M |
| 4 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$5.52M |
| 5 |
JC
JBF Capital
Aspen,
Colorado
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$47M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$2.25M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.74M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$799K |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$560K |
TSLX Hedge Fund Activity: Q4 2014 in Review
49 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q4 2014, worth a combined $506M — up 4.2% from $486M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TSLX and 16 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 19 added.
The largest buyer was Progeny 3 Inc, adding an estimated $6.85M. The largest seller was Morgan Stanley, cutting an estimated $47M.
- 49 institutional investors held Sixth Street Specialty (TSLX) as of Q4 2014, down from 52 in Q3 2014.
- Funds reported $506M of Sixth Street Specialty stock for Q4 2014, up 4.2% quarter-over-quarter.
- 16 funds opened new Sixth Street Specialty positions in Q4 2014 and 17 closed out, a net change of -1 holder.
- The largest Sixth Street Specialty buyer in Q4 2014 was Progeny 3 Inc, an estimated $6.85M added.
- The largest Sixth Street Specialty seller in Q4 2014 was Morgan Stanley, an estimated $47M sold.
Based on aggregated 13F filings for Q4 2014.