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WhiteHorse Finance

33 hedge funds and large institutions have $32.8M invested in WhiteHorse Finance in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.6% less ownership

Funds ownership: 13.16%12.56% (-0.6%)

11% less funds holding

Funds holding: 3733 (-4)

13% less capital invested

Capital invested by funds: $37.6M → $32.8M (-$4.76M)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
33
Holders Change
-4
Holders Change %
-10.81%
% of All Funds
0.74%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
10
Reduced
12
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AM
1
Ares Management
California
$12.4M
AAM
2
Advisors Asset Management
Colorado
$4.54M -$536K -40,497 -10%
RA
3
Resource America
New York
$4.33M +$515K +38,853 +13%
UBS Group
4
UBS Group
Switzerland
$2.42M -$120K -9,082 -5%
Morgan Stanley
5
Morgan Stanley
New York
$1.35M +$38K +2,867 +3%
GCM
6
Gables Capital Management
Florida
$1.27M -$9.93K -750 -0.7%
Legal & General Group
7
Legal & General Group
United Kingdom
$1.14M +$126K +9,546 +12%
Two Sigma Advisers
8
Two Sigma Advisers
New York
$704K -$207K -15,600 -22%
IA
9
IFP Advisors
Florida
$644K -$135K -10,209 -17%
BlackRock
10
BlackRock
New York
$482K -$32.3K -2,437 -6%
RJA
11
Raymond James & Associates
Florida
$441K -$212K -16,000 -32%
AR
12
Advisory Research
Illinois
$438K +$456K +34,458 New
SMDAM
13
Sumitomo Mitsui DS Asset Management
Japan
$399K +$416K +31,436 New
Two Sigma Investments
14
Two Sigma Investments
New York
$377K -$202K -15,228 -34%
JP Morgan Chase
15
JP Morgan Chase
New York
$261K +$272K +20,497 New
Wells Fargo
16
Wells Fargo
California
$198K +$44.4K +3,350 +27%
AIM
17
Advantage Investment Management
Iowa
$183K +$29.6K +2,232 +18%
MAFM
18
Mid Atlantic Financial Management
Pennsylvania
$182K +$189K +14,288 New
AG
19
Advisor Group
Arizona
$167K +$149K +11,252 +588%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$164K -$13.2K -1,000 -7%
OAM
21
Oxford Asset Management
United Kingdom
$162K +$169K +12,721 New
BTS
22
BB&T Securities
Virginia
$154K
NFA
23
Nuveen Fund Advisors
Illinois
$136K -$104K -7,878 -42%
TC
24
Telemus Capital
Michigan
$127K
Citigroup
25
Citigroup
New York
$61K +$39.2K +2,960 +164%

WHF Hedge Fund Activity: Q4 2018 in Review

33 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in WhiteHorse Finance (WHF) for Q4 2018, worth a combined $32.8M — down 13% from $37.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of WHF and 5 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 10 added.

The largest buyer was Resource America, adding an estimated $515K. The largest seller was Ativo Capital Management, exiting entirely with an estimated $1.08M sold.

  • 33 institutional investors held WhiteHorse Finance (WHF) as of Q4 2018, down from 37 in Q3 2018.
  • Funds reported $32.8M of WhiteHorse Finance stock for Q4 2018, down 13% quarter-over-quarter.
  • 5 funds opened new WhiteHorse Finance positions in Q4 2018 and 8 closed out, a net change of -3 holders.
  • The largest WhiteHorse Finance buyer in Q4 2018 was Resource America, an estimated $515K added.
  • The largest WhiteHorse Finance seller in Q4 2018 was Ativo Capital Management, an estimated $1.08M sold.

Based on aggregated 13F filings for Q4 2018.