Who owns Capital Southwest Corporation (CSWC)
Which tracked institutional funds hold CSWC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CSWC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
27 tracked funds added or opened CSWC while 29 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CSWC’s largest tracked holder by dollar value, TWO SIGMA INVESTMENTS, LP, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes CSWC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in CSWC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 169 tracked filers holding CSWC, 88 increased or opened the position and 72 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CSWC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 9
- SANDERS MORRIS HARRIS LLC$25M
- Empowered Funds, LLC$14M
- Empirical Finance, LLC$14M
- PANORAMIC INVESTMENT ADVISORS, LLC$11M
- Truvestments Capital LLC$2M
- BNP PARIBAS FINANCIAL MARKETS$1M
Full exits 11
- TWO SIGMA ADVISERS, LP$24M
- GOLDMAN SACHS GROUP INC$5M
- Connor, Clark & Lunn Investment Management Ltd.$4M
- BARCLAYS PLC$2M
- FJ Capital Management LLC$2M
- Verition Fund Management LLC$2M
Largest adds
- TWO SIGMA INVESTMENTS, LP$29M
- AMERIPRISE FINANCIAL INC$2M
- BALYASNY ASSET MANAGEMENT L.P.$2M
- FRANKLIN RESOURCES INC$1M
- Legal & General Group Plc$1M
- UBS Group AG$794K
Largest trims
- Union Bancaire Privee, UBP SA$25M
- VAN ECK ASSOCIATES CORP$6M
- BlackRock, Inc.$3M
- Closed-End Fund Advisors, Inc.$2M
- ROYAL BANK OF CANADA$1M
- MORGAN STANLEY$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| TWO SIGMA INVESTMENTS, LP added | 2,349,648 | $52M | 11.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,127,561 | $25M | 5.4% | 2026-Q1 |
| SANDERS MORRIS HARRIS LLC trimmed | 1,111,173 | $25M | 5.3% | 2026-Q1 |
| Sound Income Strategies, LLC added | 903,329 | $20M | 4.3% | 2026-Q1 |
| UBS Group AG added | 854,131 | $19M | 4.1% | 2026-Q1 |
| Empowered Funds, LLC new | 619,098 | $14M | 2.9% | 2026-Q1 |
| Empirical Finance, LLC new | 618,866 | $14M | 2.9% | 2026-Q1 |
| PANORAMIC INVESTMENT ADVISORS, LLC new | 515,525 | $11M | 2.4% | 2026-Q1 |
| Melia Wealth LLC added | 515,478 | $11M | 2.4% | 2026-Q1 |
| Cetera Investment Advisers added | 452,698 | $10M | 2.1% | 2026-Q1 |
| Legal & General Group Plc added | 443,138 | $10M | 2.1% | 2026-Q1 |
| Muzinich & Co., Inc. added | 426,243 | $9M | 2.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 402,926 | $9M | 1.9% | 2026-Q1 |
| Columbus Macro, LLC added | 357,781 | $8M | 1.7% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 329,121 | $7M | 1.6% | 2026-Q1 |
| EPIQ PARTNERS, LLC added | 312,326 | $7M | 1.5% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. | 284,778 | $6M | 1.4% | 2026-Q1 |
| BlackRock, Inc. trimmed | 276,490 | $6M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 264,659 | $6M | 1.3% | 2026-Q1 |
| Womack Financial LLC added | 232,275 | $5M | 1.1% | 2026-Q1 |
| LPL Financial LLC added | 231,713 | $5M | 1.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 204,548 | $5M | 1.0% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 196,768 | $4M | 0.9% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. trimmed | 188,859 | $4M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 184,028 | $4M | 0.9% | 2026-Q1 |
| GRACE & WHITE INC /NY | 164,697 | $4M | 0.8% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 147,319 | $3M | 0.7% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 135,453 | $3M | 0.6% | 2026-Q1 |
| Naviter Wealth, LLC added | 124,570 | $3M | 0.6% | 2026-Q1 |
| Hodges Capital Management Inc. added | 110,275 | $2M | 0.5% | 2026-Q1 |
| GraniteShares Advisors LLC trimmed | 109,894 | $2M | 0.5% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 108,400 | $2M | 0.5% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 105,475 | $2M | 0.5% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 95,339 | $2M | 0.5% | 2026-Q1 |
| HRT FINANCIAL LP added | 93,416 | $2M | 0.4% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 92,473 | $2M | 0.4% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 90,908 | $2M | 0.4% | 2026-Q1 |
| First Dallas Securities Inc. trimmed | 89,691 | $2M | 0.4% | 2026-Q1 |
| BENJAMIN EDWARDS INC trimmed | 88,225 | $2M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 78,975 | $2M | 0.4% | 2026-Q1 |
| SMH CAPITAL ADVISORS INC trimmed | 1,733 | $2M | 0.4% | 2026-Q1 |
| DENALI ADVISORS LLC trimmed | 75,847 | $2M | 0.4% | 2026-Q1 |
| Truvestments Capital LLC new | 72,746 | $2M | 0.3% | 2026-Q1 |
| Legacy Capital Wealth Partners, LLC added | 71,174 | $2M | 0.3% | 2026-Q1 |
| STATE STREET CORP added | 69,062 | $2M | 0.3% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. added | 69,760 | $1M | 0.3% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 65,606 | $1M | 0.3% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 63,745 | $1M | 0.3% | 2026-Q1 |
| Moerus Capital Management LLC | 61,698 | $1M | 0.3% | 2026-Q1 |
| COZAD ASSET MANAGEMENT INC added | 59,867 | $1M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 56,864 | $1M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 56,578 | $1M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 55,815 | $1M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 55,028 | $1M | 0.3% | 2026-Q1 |
| Catalyst Capital Advisors LLC | 49,000 | $1M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 41,774 | $924K | 0.2% | 2026-Q1 |
| Cornerstone Wealth Management, LLC trimmed | 40,588 | $898K | 0.2% | 2026-Q1 |
| Symphony Financial, Ltd. Co. added | 40,969 | $892K | 0.2% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 37,030 | $819K | 0.2% | 2026-Q1 |
| CALDWELL SUTTER CAPITAL, INC. trimmed | 37,018 | $819K | 0.2% | 2026-Q1 |
| Militia Capital Management LLC new | 35,000 | $774K | 0.2% | 2026-Q1 |
| Mariner, LLC added | 31,895 | $706K | 0.2% | 2026-Q1 |
| AlphaCore Capital LLC added | 30,996 | $686K | 0.1% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 30,588 | $677K | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 29,217 | $646K | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 26,651 | $590K | 0.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 26,318 | $582K | 0.1% | 2026-Q1 |
| Greenland Capital Management LP added | 26,000 | $575K | 0.1% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 24,648 | $545K | 0.1% | 2026-Q1 |
| Mraz, Amerine & Associates, Inc. trimmed | 24,254 | $536K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 23,273 | $515K | 0.1% | 2026-Q1 |
| Samalin Investment Counsel, LLC trimmed | 22,881 | $506K | 0.1% | 2026-Q1 |
| Virtus Investment Advisers, LLC trimmed | 22,464 | $497K | 0.1% | 2026-Q1 |
| TWO SIGMA ADVISERS, LP added | 1,062,917 | $24M | 5.1% | 2025-Q4 stale |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added | 686,513 | $15M | 3.3% | 2025-Q1 stale |
| TECTONIC ADVISORS LLC added | 521,686 | $11M | 2.5% | 2025-Q2 stale |
| HARBOR CAPITAL ADVISORS, INC. added | 403,826 | $9M | 1.9% | 2025-Q1 stale |
| MARSHALL WACE, LLP added | 252,245 | $6M | 1.2% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC trimmed | 229,086 | $5M | 1.1% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 207,150 | $5M | 1.0% | 2025-Q3 stale |
| Connor, Clark & Lunn Investment Management Ltd. added | 188,921 | $4M | 0.9% | 2025-Q4 stale |
| BARCLAYS PLC added | 97,739 | $2M | 0.5% | 2025-Q4 stale |
| FJ Capital Management LLC added | 92,685 | $2M | 0.4% | 2025-Q4 stale |
| Verition Fund Management LLC added | 88,378 | $2M | 0.4% | 2025-Q4 stale |
| Sovereign's Capital Management, LLC | 76,522 | $2M | 0.4% | 2025-Q4 stale |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 68,256 | $1M | 0.3% | 2025-Q3 stale |
| Schonfeld Strategic Advisors LLC trimmed | 66,243 | $1M | 0.3% | 2025-Q2 stale |
| Atom Investors LP added | 65,809 | $1M | 0.3% | 2025-Q4 stale |
| Total Clarity Wealth Management, Inc. | 56,305 | $1M | 0.3% | 2025-Q1 stale |
| Y-Intercept (Hong Kong) Ltd added | 48,215 | $1M | 0.2% | 2025-Q2 stale |
| Qube Research & Technologies Ltd trimmed | 42,372 | $926K | 0.2% | 2025-Q3 stale |
| Aquatic Capital Management LLC added | 35,950 | $796K | 0.2% | 2025-Q4 stale |
| TUDOR INVESTMENT CORP ET AL trimmed | 35,219 | $776K | 0.2% | 2025-Q2 stale |
| OMERS ADMINISTRATION Corp new | 34,900 | $769K | 0.2% | 2025-Q2 stale |
| D. E. Shaw & Co., Inc. added | 26,960 | $594K | 0.1% | 2025-Q2 stale |
| CAXTON ASSOCIATES LLP | 26,267 | $582K | 0.1% | 2025-Q4 stale |
| Autumn Glory Partners, LLC | 26,000 | $573K | 0.1% | 2025-Q2 stale |
| Nebula Research & Development LLC new | 25,907 | $571K | 0.1% | 2025-Q2 stale |
| ExodusPoint Capital Management, LP trimmed | 24,975 | $550K | 0.1% | 2025-Q2 stale |
| GSA CAPITAL PARTNERS LLP trimmed | 22,564 | $500K | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.