Sixth Street Specialty
TSLX
147 hedge funds and large institutions have $760M invested in Sixth Street Specialty in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 40 increasing their positions, 50 reducing their positions, and 18 closing their positions.
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
25% more call options, than puts
Call options by funds: $1.04M | Put options by funds: $830K
15% more capital invested
Capital invested by funds: $659M → $760M (+$101M)
9% more funds holding
Funds holding: 135 → 147 (+12)
2.43% less ownership
Funds ownership: 56.59% → 54.16% (-2.4%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
20% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.4M |
| 2 |
Neuberger Berman Group
New York
|
+$3.08M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$1.81M |
| 4 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$1.67M |
| 5 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
-$14.1M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$5.66M |
| 3 |
Two Sigma Investments
New York
|
-$4.58M |
| 4 |
Two Sigma Advisers
New York
|
-$2.96M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$2.63M |
TSLX Hedge Fund Activity: Q4 2020 in Review
147 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q4 2020, worth a combined $760M — up 15% from $659M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new TSLX positions and 18 closed out — a net gain of 13 holders — while 40 added to existing stakes and 50 trimmed.
The largest buyer was Millennium Management, adding an estimated $3.4M. The largest seller was STRS Ohio, cutting an estimated $14.1M.
- 147 institutional investors held Sixth Street Specialty (TSLX) as of Q4 2020, up from 135 in Q3 2020.
- Funds reported $760M of Sixth Street Specialty stock for Q4 2020, up 15% quarter-over-quarter.
- 31 funds opened new Sixth Street Specialty positions in Q4 2020 and 18 closed out, a net change of +13 holders.
- The largest Sixth Street Specialty buyer in Q4 2020 was Millennium Management, an estimated $3.4M added.
- The largest Sixth Street Specialty seller in Q4 2020 was STRS Ohio, an estimated $14.1M sold.
Based on aggregated 13F filings for Q4 2020.