Sixth Street Specialty
TSLX
138 hedge funds and large institutions have $546M invested in Sixth Street Specialty in 2020 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 47 increasing their positions, 47 reducing their positions, and 17 closing their positions.
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
5% more funds holding
Funds holding: 132 → 138 (+6)
0% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 47
1.51% less ownership
Funds ownership: 60.3% → 58.79% (-1.5%)
37% less capital invested
Capital invested by funds: $860M → $546M (-$314M)
38% less call options, than puts
Call options by funds: $385K | Put options by funds: $618K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
P3I
Progeny 3 Inc
Kirkland,
Washington
|
+$15.9M |
| 2 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$9.71M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$6.27M |
| 4 |
BHMP
Bardin Hill Management Partners
New York
|
+$5.26M |
| 5 |
AWS
AJ Wealth Strategies
New York
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$58.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$17.4M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$13.4M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$12M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$10.1M |
TSLX Hedge Fund Activity: Q1 2020 in Review
138 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q1 2020, worth a combined $546M — down 37% from $860M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TSLX positions and 17 closed out — a net gain of 9 holders — while 47 added to existing stakes and 47 trimmed.
The largest buyer was Progeny 3 Inc, opening a new position worth an estimated $15.9M. The largest seller was TPG Group Holdings (SBS) Advisors, exiting entirely with an estimated $58.3M sold.
- 138 institutional investors held Sixth Street Specialty (TSLX) as of Q1 2020, up from 132 in Q4 2019.
- Funds reported $546M of Sixth Street Specialty stock for Q1 2020, down 37% quarter-over-quarter.
- 26 funds opened new Sixth Street Specialty positions in Q1 2020 and 17 closed out, a net change of +9 holders.
- The largest Sixth Street Specialty buyer in Q1 2020 was Progeny 3 Inc, an estimated $15.9M added.
- The largest Sixth Street Specialty seller in Q1 2020 was TPG Group Holdings (SBS) Advisors, an estimated $58.3M sold.
Based on aggregated 13F filings for Q1 2020.