Fs Specialty Lending Fd (FSSL) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Fs Specialty Lending Fd (FSSL) following the 2026 Q2 hedge fund 13F filings?

As of today, FSSL has moved +2.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.9% for the SPY sector ETF — an outperformance of +3.4%. Since the quarter end (June 30, 2026), FSSL gained +5.0% vs +3.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Fs Specialty Lending Fd (FSSL)

252 + Investors. Track Smart Money conviction in FSSL. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — FSSL

Based on 252 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added FSSL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

252 hedge funds hold FSSL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +25100% more funds vs a year ago

fund count last 6Q

+251 new funds entered over the past year (+25100% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 52% buying

127 buying118 selling

Last quarter: 127 funds bought or added vs 118 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~59 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 0 → 240 → 59 → 59. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 100% entered in last year

■ 0% conviction (2yr+) ■ 0% medium ■ 100% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📊

Peak discovery — momentum slowing

0 → 0 → 240 → 59 → 59 new funds/Q

New funds entering each quarter: 0 → 240 → 59 → 59. FSSL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new

Of 252 current holders: 252 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds

14 of 252 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

7.5

out of 10

High Exit Risk

Exit risk score 7.5/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	252	247	2.02%
13F Shares	35M	31M	14.54%
Total Value	$341M	$329M	3.67%
New Positions	59	59	-
Increased Positions	68	56	+12
Closed Positions	54	53	+1
Reduced Positions	64	95	-31
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

252

247

2.02%

13F Shares

35M

31M

14.54%

Total Value

$341M

$329M

3.67%

New Positions

Increased Positions

+12

Closed Positions

Reduced Positions

-31

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

252 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FSSL. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FSSL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	North Ground Capital	10.94%	817,600	$9.1M
2	Thomas J. Herzfeld Advisors, Inc.	9.93%	2,900,663	$32.3M
3	Oak Hill Advisors LP	4.57%	2,872,108	$32.0M
4	Matisse Capital	2.32%	519,000	$5.8M
5	Closed-End Fund Advisors, Inc.	1.86%	170,332	$1.9M
6	Rivernorth Capital Management, LLC	1.48%	2,800,048	$31.2M
7	Almitas Capital LLC	1.44%	537,295	$6.0M
8	Noble Wealth Management PBC	0.83%	166,003	$1.9M
9	GCM Grosvenor Holdings, LLC	0.72%	1,501,875	$16.7M
10	Certior Financial Group, LLC	0.66%	107,241	$1.2M
11	West Michigan Advisors, LLC	0.31%	111,482	$1.4M
12	Robinson Capital Management, LLC	0.26%	53,416	$596K
13	COFG Advisors, LLC	0.24%	124,905	$1.4M
14	Ellis Investment Partners, LLC	0.16%	93,988	$1.0M
15	Clarion Wealth Managment Partners, LLC	0.14%	15,742	$176K
16	TrueMark Investments, LLC	0.14%	99,075	$1.1M
17	Huntleigh Advisors, Inc.	0.10%	64,207	$716K
18	Post Resch Tallon Group Inc.	0.10%	12,500	$139K
19	Advisor Resource Council	0.09%	29,784	$332K
20	Seven Springs Wealth Group, LLC	0.08%	32,794	$366K
21	Legacy Wealth Managment, LLC/ID	0.06%	14,034	$156K
22	Paladin Partners, LLC	0.06%	8,503	$95K
23	BOS Asset Management, LLC	0.06%	23,648	$264K
24	Kovack Advisors, Inc.	0.06%	112,241	$1.3M
25	Legacy Capital Group California, Inc.	0.06%	17,843	$199K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Fs Specialty Lending Fd (FSSL)

What does the Smart Money Trend signal show for FSSL?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FSSL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FSSL?

Slight buying edge — 52% buying: Last quarter: 127 funds bought or added vs 118 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FSSL holders?

Smaller funds dominant — 16% AUM from top-100: 14 of 252 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FSSL?

Mostly new holders — 100% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Fs Specialty Lending Fd (FSSL) following the 2026 Q2 hedge fund 13F filings?

As of today, FSSL has moved +2.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.9% for the SPY sector ETF — an outperformance of +3.4%. Since the quarter end (June 30, 2026), FSSL has gained +5.0% vs +3.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Fs Specialty Lending Fd (FSSL)

Smart Money Signals — FSSL

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +25100% more funds vs a year ago

Slight buying edge — 52% buying

Steady new buyers — ~59 new funds per quarter

Mostly new holders — 100% entered in last year

Peak discovery — momentum slowing

Early stage — 100% of holders entered in last year

Smaller funds dominant — 16% AUM from top-100

Institutional Sentiment Summary — FSSL

Hedge Fund Ownership: FSSL

Market Analysis: FSSL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FSSL

Is It Too Late to Buy Fs Specialty Lending Fd (FSSL) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FSSL

Statistics: FSSL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fs Specialty Lending Fd (FSSL)

Welcome to 13Foresight!