Sixth Street Specialty
TSLX
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.
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: 5 → 7 (+2)
32% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 34
11% more funds holding
Funds holding: 122 → 135 (+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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$30.7M |
| 2 |
Millennium Management
New York
|
+$6.5M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.26M |
| 4 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
+$5.11M |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$10.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.53M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$4.14M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.13M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$3.43M |
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.