Sixth Street Specialty
TSLX
61 hedge funds and large institutions have $542M invested in Sixth Street Specialty in 2015 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 14 closing their positions.
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
5% more funds holding
Funds holding: 58 → 61 (+3)
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
4% less capital invested
Capital invested by funds: $565M → $542M (-$23.4M)
2% less ownership
Funds ownership: 63.7% → 61.7% (-2%)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$126M |
| 2 |
GXMC
Global X Management Company
New York
|
+$5.73M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
+$3.71M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.22M |
| 5 |
Two Sigma Investments
New York
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SONJCPFE
State of New Jersey Common Pension Fund E
Trenton,
New Jersey
|
-$121M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$21M |
| 3 |
PL
Parkwood LLC
Cleveland,
Ohio
|
-$10.5M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$4.74M |
| 5 |
HLA
Hamilton Lane Advisors
Conshohocken,
Pennsylvania
|
-$2.94M |
TSLX Hedge Fund Activity: Q4 2015 in Review
61 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q4 2015, worth a combined $542M — down 4.1% from $565M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new TSLX positions and 14 closed out — a net gain of 3 holders — while 17 added to existing stakes and 16 trimmed.
The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $126M. The largest seller was State of New Jersey Common Pension Fund E, exiting entirely with an estimated $121M sold.
- 61 institutional investors held Sixth Street Specialty (TSLX) as of Q4 2015, up from 58 in Q3 2015.
- Funds reported $542M of Sixth Street Specialty stock for Q4 2015, down 4.1% quarter-over-quarter.
- 17 funds opened new Sixth Street Specialty positions in Q4 2015 and 14 closed out, a net change of +3 holders.
- The largest Sixth Street Specialty buyer in Q4 2015 was State of New Jersey Common Pension Fund D, an estimated $126M added.
- The largest Sixth Street Specialty seller in Q4 2015 was State of New Jersey Common Pension Fund E, an estimated $121M sold.
Based on aggregated 13F filings for Q4 2015.