Sixth Street Specialty
TSLX
202 hedge funds and large institutions have $705M invested in Sixth Street Specialty in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 75 increasing their positions, 56 reducing their positions, and 18 closing their positions.
50% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 18
34% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 56
14% more capital invested
Capital invested by funds: $621M → $705M (+$83.9M)
4.43% more ownership
Funds ownership: 41.72% → 46.15% (+4.4%)
4% more funds holding
Funds holding: 195 → 202 (+7)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
22% less call options, than puts
Call options by funds: $2.43M | Put options by funds: $3.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$16.9M |
| 2 |
JP Morgan Chase
New York
|
+$11.8M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$7.29M |
| 4 |
Two Sigma Investments
New York
|
+$5.04M |
| 5 |
VanEck Associates
New York
|
+$4.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
Cliffwater
Marina Del Rey,
California
|
-$2.53M |
| 2 |
Millennium Management
New York
|
-$2.11M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$1.77M |
| 4 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$1.57M |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$1.44M |
TSLX Hedge Fund Activity: Q2 2023 in Review
202 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Sixth Street Specialty (TSLX) for Q2 2023, worth a combined $705M — up 14% from $621M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TSLX positions and 18 closed out — a net gain of 9 holders — while 75 added to existing stakes and 56 trimmed.
The largest buyer was Burgundy Asset Management, adding an estimated $16.9M. The largest seller was Cliffwater, cutting an estimated $2.53M.
- 202 institutional investors held Sixth Street Specialty (TSLX) as of Q2 2023, up from 195 in Q1 2023.
- Funds reported $705M of Sixth Street Specialty stock for Q2 2023, up 14% quarter-over-quarter.
- 27 funds opened new Sixth Street Specialty positions in Q2 2023 and 18 closed out, a net change of +9 holders.
- The largest Sixth Street Specialty buyer in Q2 2023 was Burgundy Asset Management, an estimated $16.9M added.
- The largest Sixth Street Specialty seller in Q2 2023 was Cliffwater, an estimated $2.53M sold.
Based on aggregated 13F filings for Q2 2023.