Sixth Street Specialty
TSLX
135 hedge funds and large institutions have $716M invested in Sixth Street Specialty in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 55 increasing their positions, 40 reducing their positions, and 16 closing their positions.
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
38% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 40
30% more call options, than puts
Call options by funds: $207K | Put options by funds: $159K
5% more funds holding
Funds holding: 129 → 135 (+6)
2.95% more ownership
Funds ownership: 63.4% → 66.35% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
5% less capital invested
Capital invested by funds: $756M → $716M (-$39.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$15.5M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$8.48M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$8.1M |
| 4 |
CFG
CNO Financial Group
Carmel,
Indiana
|
+$6.93M |
| 5 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
+$6.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.7M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$8.44M |
| 3 |
MC
Muzinich & Co
New York
|
-$8.44M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$3.06M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.99M |
TSLX Hedge Fund Activity: Q1 2018 in Review
135 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q1 2018, worth a combined $716M — down 5.3% from $756M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TSLX positions and 16 closed out — a net gain of 6 holders — while 55 added to existing stakes and 40 trimmed.
The largest buyer was Ares Management, opening a new position worth an estimated $15.5M. The largest seller was Fidelity Investments, cutting an estimated $21.7M.
- 135 institutional investors held Sixth Street Specialty (TSLX) as of Q1 2018, up from 129 in Q4 2017.
- Funds reported $716M of Sixth Street Specialty stock for Q1 2018, down 5.3% quarter-over-quarter.
- 22 funds opened new Sixth Street Specialty positions in Q1 2018 and 16 closed out, a net change of +6 holders.
- The largest Sixth Street Specialty buyer in Q1 2018 was Ares Management, an estimated $15.5M added.
- The largest Sixth Street Specialty seller in Q1 2018 was Fidelity Investments, an estimated $21.7M sold.
Based on aggregated 13F filings for Q1 2018.