Sixth Street Specialty
TSLX
142 hedge funds and large institutions have $1.66B invested in Sixth Street Specialty in 2019 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 42 reducing their positions, and 17 closing their positions.
121% more capital invested
Capital invested by funds: $753M → $1.66B (+$909M)
45% more call options, than puts
Call options by funds: $618K | Put options by funds: $426K
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
21% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 42
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
5% more funds holding
Funds holding: 135 → 142 (+7)
2.28% less ownership
Funds ownership: 63.33% → 61.05% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$13.1M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.19M |
| 3 |
ECM
Element Capital Management
New York
|
+$7.08M |
| 4 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$5.81M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$5.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UIM
USS Investment Management
London,
United Kingdom
|
-$63.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.39M |
| 3 |
CFG
CNO Financial Group
Carmel,
Indiana
|
-$4.72M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.12M |
| 5 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
-$3.06M |
TSLX Hedge Fund Activity: Q1 2019 in Review
142 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q1 2019, worth a combined $1.66B — up 121% from $753M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new TSLX positions and 17 closed out — a net gain of 7 holders — while 51 added to existing stakes and 42 trimmed.
The largest buyer was Marshall Wace, adding an estimated $13.1M. The largest seller was USS Investment Management, exiting entirely with an estimated $63.2M sold.
- 142 institutional investors held Sixth Street Specialty (TSLX) as of Q1 2019, up from 135 in Q4 2018.
- Funds reported $1.66B of Sixth Street Specialty stock for Q1 2019, up 121% quarter-over-quarter.
- 24 funds opened new Sixth Street Specialty positions in Q1 2019 and 17 closed out, a net change of +7 holders.
- The largest Sixth Street Specialty buyer in Q1 2019 was Marshall Wace, an estimated $13.1M added.
- The largest Sixth Street Specialty seller in Q1 2019 was USS Investment Management, an estimated $63.2M sold.
Based on aggregated 13F filings for Q1 2019.