Vault-13

FS SPECIALTY LENDING FD FSSL

COM SH BEN INT · Closed-End Fund · CUSIP 644323107

256 institutional holders +6 vs Q1 2026
35,937,71435.9m shares reported held*
$400.7mreported value*
52 new 70 added 67 reduced 45 sold out net bought ≈ $57.1m (+5.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $11.15.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q4 25: 249Q1 26: 250Q2 26: 256256Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 2025249
Q1 2026250
Q2 2026256

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 26: 111 bought or addedQ1 26: 146 cut or sold outQ1 26Q2 26: 122 bought or addedQ2 26: 112 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2026111146
Q2 2026122112

Biggest buyers

NOMURA HOLDINGS INC Added +1,066,715+1.1m
North Ground Capital Added +567,600+567.6k
Pathstone Holdings, LLC Added +534,205+534.2k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +484,934+484.9k
Cambridge Investment Research Advisors, Inc. Added +419,165+419.2k
MORGAN STANLEY Added +343,604+343.6k
CITADEL ADVISORS LLC Added +312,236+312.2k
Almitas Capital LLC Added +268,485+268.5k
Rockefeller Capital Management L.P. Added +202,169+202.2k
SIT INVESTMENT ASSOCIATES INC Added +198,643+198.6k

Biggest sellers

COMMONWEALTH EQUITY SERVICES, LLC Reduced -201,743-201.7k
Kestra Advisory Services, LLC Reduced -96,832-96.8k
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -66,654-66.7k
Cetera Investment Advisers Reduced -62,766-62.8k
COFG Advisors, LLC Reduced -61,564-61.6k
Mariner, LLC Reduced -60,032-60.0k
JANE STREET GROUP, LLC Reduced -55,702-55.7k
PERRYMAN FINANCIAL ADVISORY INC /AD Sold out -52,055-52.1k
INDEPENDENT FINANCIAL GROUP, LLC Reduced -45,670-45.7k
LPL Financial LLC Reduced -44,446-44.4k

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 3 buyingQ4 25: 0 sellingQ1 26: 4 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20253$1.5m0——
Q1 20264$651.8k0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NOMURA HOLDINGS INC 0.18% of their portfolio TOKYO, M0 3,719,0863.7m $41.5m $41.5m 0.18% Added +1.1m +1,066,715
2 Thomas J. Herzfeld Advisors, Inc. 9.93% of their portfolio MIAMI BEACH, FL 2,900,6632.9m $32.3m $32.3m 9.93% Added +91.9k +91,936
3 OAK HILL ADVISORS LP 4.57% of their portfolio New York, NY 2,872,1082.9m $32.0m $32.0m 4.57% Added +105.8k +105,831
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 1.48% of their portfolio WEST PALM BEACH, FL 2,800,0482.8m $31.2m $31.2m 1.48% Added +484.9k +484,934
5 SIT INVESTMENT ASSOCIATES INC 0.55% of their portfolio Minneapolis, MN 2,608,0842.6m $29.1m $29.1m 0.55% Added +198.6k +198,643
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 1,698,2031.7m $18.9m $18.9m 0.00% Added +97.9k +97,860
7 GCM Grosvenor Holdings, LLC 0.72% of their portfolio Chicago, IL 1,501,8751.5m $16.7m $16.7m 0.72% Added +53.2k +53,221
8 Penserra Capital Management LLC 0.12% of their portfolio ORINDA, CA 1,365,3551.4m $15.2m $15.2m 0.12% Added +52.1k +52,087
9 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 1,349,8941.3m $15.1m $15.1m 0.04% Added +534.2k +534,205
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,283,2671.3m $14.3m $14.3m 0.00% Added +343.6k +343,604
11 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 1,048,0681.0m $11.7m $11.7m 0.01% Added +419.2k +419,165
12 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 851,272851.3k $9.5m $9.5m 0.01% Reduced -201.7k -201,743
13 North Ground Capital 10.94% of their portfolio Cohasset, MA 817,600817.6k $9.1m $9.1m 10.94% Added +567.6k +567,600
14 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 700,000700.0k $7.8m $7.8m 0.01% Added +150.0k +150,000
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 585,015585.0k $6.5m $6.5m 0.00% Added +312.2k +312,236
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 576,794576.8k $6.4m $6.4m 0.00% Reduced -44.4k -44,446
17 Almitas Capital LLC 1.44% of their portfolio SANTA MONICA, CA 537,295537.3k $6.0m $6.0m 1.44% Added +268.5k +268,485
18 Matisse Capital 2.32% of their portfolio PORTLAND, OR 519,000519.0k $5.8m $5.8m 2.32% Added +66.8k +66,800
19 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 497,982498.0k $5.6m $5.6m 0.01% Reduced -62.8k -62,766
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 428,858428.9k $4.8m $4.8m 0.00% Added +32.4k +32,421
21 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 327,457327.5k $3.7m $3.7m 0.00% Added +59.9k +59,936
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 317,556317.6k $3.5m $3.5m 0.00% Added +4.9k +4,893
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 287,717287.7k $3.2m $3.2m 0.00% Reduced -8.9k -8,866
24 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 267,262267.3k $3.0m $3.0m 0.05% Added +152.6k +152,596
25 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 215,000215.0k $2.4m $2.4m 0.00% Unchanged
26 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 212,854212.9k $2.4m $2.4m 0.04% Reduced -45.7k -45,670
27 CHOREO, LLC 0.03% of their portfolio ROCKFORD, IL 211,125211.1k $2.4m $2.4m 0.03% Added +19.7k +19,656
28 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 209,499209.5k $2.3m $2.3m 0.00% Added +202.2k +202,169
29 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 179,430179.4k $2.0m $2.0m 0.01% New
30 Closed-End Fund Advisors, Inc. 1.86% of their portfolio RICHMOND, VA 170,332170.3k $1.9m $1.9m 1.86% Added +39.4k +39,352
31 Noble Wealth Management PBC 0.85% of their portfolio GREENWOOD VILLAGE, CO 166,003166.0k $1.9m $1.9m 0.85% New
32 RIVERBRIDGE PARTNERS LLC 0.05% of their portfolio MINNEAPOLIS, MN 159,597159.6k $1.8m $1.8m 0.05% Added +1.3k +1,314
33 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 148,911148.9k $1.7m $1.7m 0.01% Reduced -96.8k -96,832
34 Saba Capital Management, L.P. 0.04% of their portfolio NEW YORK, NY 128,092128.1k $1.4m $1.4m 0.04% New
35 COFG Advisors, LLC 0.24% of their portfolio OAK BROOK, IL 124,905124.9k $1.4m $1.4m 0.24% Reduced -61.6k -61,564
36 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 115,553115.6k $1.3m $1.3m 0.02% Added +41.1k +41,088
37 Kovack Advisors, Inc. 0.06% of their portfolio FT. LAUDERDALE, FL 112,241112.2k $1.3m $1.3m 0.06% Added +39.4k +39,429
38 CERTIOR FINANCIAL GROUP, LLC 0.66% of their portfolio KING OF PRUSSIA, PA 107,241107.2k $1.2m $1.2m 0.66% Reduced -18.4k -18,395
39 TrueMark Investments, LLC 0.14% of their portfolio CHICAGO, IL 99,07599.1k $1.1m $1.1m 0.14% Added +31.8k +31,771
40 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 95,87895.9k $1.1m $1.1m 0.00% Added +11.7k +11,746
41 Ellis Investment Partners, LLC 0.16% of their portfolio Berwyn, PA 93,98894.0k $1.0m $1.0m 0.16% Reduced -1.1k -1,115
42 WEST MICHIGAN ADVISORS, LLC 0.18% of their portfolio HOLLAND, MI 87,12187.1k $971.4k $971.4k 0.18% Reduced -24.4k -24,361
43 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 83,97684.0k $936.3k $936.3k 0.00% Reduced -5.4k -5,374
44 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 83,90183.9k $935.5k $935.5k 0.01% Reduced -14.7k -14,746
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 76,73776.7k $855.6k $855.6k 0.00% Reduced -60.0k -60,032
46 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 76,30476.3k $850.8k $850.8k 0.00% Added +59.0k +58,987
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 74,30374.3k $830.0k $830.0k 0.00% Added +3.0k +3,025
48 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 74,25574.3k $827.9k $827.9k 0.01% Reduced -6.0k -5,970
49 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 71,56671.6k $798.0k $798.0k 0.01% Added +240 +240
50 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 64,59864.6k $720.3k $720.3k 0.00% Added +29.0k +29,041
51 Huntleigh Advisors, Inc. 0.10% of their portfolio ST. LOUIS, MO 64,20764.2k $715.9k $715.9k 0.10% Reduced -9.8k -9,807
52 JB Capital LLC 0.02% of their portfolio WETHERSFIELD, CT 64,04064.0k $714.0k $714.0k 0.02% Reduced -10.0k -9,983
53 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 62,70662.7k $699.2k $699.2k 0.00% Reduced -5.5k -5,475
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 61,45961.5k $685.3k $685.3k 0.00% New
55 SUMMIT WEALTH GROUP LLC / CO 0.05% of their portfolio COLORADO SPRINGS, CO 57,39657.4k $640.0k $640.0k 0.05% Added +14.1k +14,112
56 Arete Wealth Advisors, LLC 0.04% of their portfolio CHICAGO, IL 55,89955.9k $623.3k $623.3k 0.04% Reduced -7.9k -7,882
57 ROBINSON CAPITAL MANAGEMENT, LLC 0.26% of their portfolio GROSSE POINTE FARMS, MI 53,41653.4k $595.6k $595.6k 0.26% Unchanged
58 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 52,45252.5k $584.8k $584.8k 0.02% Reduced -5.7k -5,673
59 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 51,19451.2k $570.8k $570.8k 0.01% New
60 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 51,08351.1k $569.6k $569.6k 0.01% Added +24.4k +24,449
61 Blackstone Inc. 0.00% of their portfolio NEW YORK, NY 50,36350.4k $561.5k $561.5k 0.00% Added +1.1k +1,120
62 Plancorp, LLC 0.01% of their portfolio SAINT LOUIS, MO 49,63749.6k $542.0k $542.0k 0.01% Added +31.9k +31,915
63 Inscription Capital, LLC 0.05% of their portfolio HOUSTON, TX 47,25047.2k $526.8k $526.8k 0.05% Reduced -6.5k -6,547
64 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 45,84945.8k $511.2k $511.2k 0.00% New
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 44,67444.7k $498.1k $498.1k 0.00% Added +18.1k +18,137
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 42,70642.7k $476.2k $476.2k 0.00% Reduced -14.4k -14,363
67 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 42,24242.2k $465.9k $465.9k 0.01% New
68 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANDY, UT 42,24242.2k $465.9k $465.9k 0.01% Added +3.9k +3,867
69 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 41,70641.7k $465.0k $465.0k 0.01% New
70 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 39,95840.0k $445.5k $445.5k 0.00% Reduced -2.7k -2,685
71 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 37,78137.8k $421.3k $421.3k 0.01% New
72 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 37,52837.5k $418.4k $418.4k 0.00% Reduced -14.6k -14,603
73 Maridea Wealth Management LLC 0.04% of their portfolio BROOKLYN, NY 36,85636.9k $410.9k $410.9k 0.04% New
74 Intrua Financial, LLC 0.04% of their portfolio Houston, TX 35,68935.7k $397.9k $397.9k 0.04% Reduced -15.6k -15,630
75 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 33,72333.7k $376.0k $376.0k 0.01% New
76 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 33,32233.3k $371.5k $371.5k 0.00% Added +4.1k +4,055
77 Trivium Point Advisory, LLC 0.03% of their portfolio WILTON, CT 33,20233.2k $370.2k $370.2k 0.03% Unchanged
78 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 33,12933.1k $369.4k $369.4k 0.02% Added +10 +10
79 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 32,86532.9k $357.4k $357.4k 0.00% Reduced -6.8k -6,750
80 Seven Springs Wealth Group, LLC 0.08% of their portfolio BRENTWOOD, TN 32,79432.8k $365.7k $365.7k 0.08% Unchanged
81 IFG Advisory, LLC 0.01% of their portfolio ATLANTA, GA 32,69632.7k $364.6k $364.6k 0.01% New
82 CSS LLC/IL 0.02% of their portfolio CHICAGO, IL 31,70031.7k $353.5k $353.5k 0.02% Added +4.7k +4,700
83 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,26631.3k $348.6k $348.6k 0.00% Reduced -55.7k -55,702
84 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 30,53830.5k $340.5k $340.5k 0.00% Added +2.4k +2,439
85 CX Institutional 0.01% of their portfolio AUBURN, IN 30,47730.5k $340.0k $340.0k 0.01% Reduced -21.4k -21,381
86 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 30,21030.2k $336.9k $336.9k 0.01% Reduced -789 -789
87 Advisor Resource Council 0.11% of their portfolio DALLAS, TX 29,78429.8k $331.8k $331.8k 0.11% Unchanged
88 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 29,72529.7k $331.4k $331.4k 0.00% Reduced -354 -354
89 Alpine Global Management, LLC 0.05% of their portfolio NEW YORK, NY 29,17829.2k $325.3k $325.3k 0.05% Reduced -17.8k -17,831
90 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 28,79128.8k $321.0k $321.0k 0.00% Added +9.9k +9,900
91 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 28,29428.3k $315.5k $315.5k 0.00% Unchanged
92 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 28,15728.2k $314.0k $314.0k 0.00% Added +788 +788
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,90727.9k $311.2k $311.2k 0.00% Added +470 +470
94 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 26,59426.6k $296.5k $296.5k 0.00% Reduced -1.1k -1,061
95 Csenge Advisory Group 0.01% of their portfolio CLEARWATER, FL 25,88125.9k $288.6k $288.6k 0.01% Added +67 +67
96 Financial Gravity Companies, Inc. 0.05% of their portfolio Lakeway, TX 25,84725.8k $288.2k $288.2k 0.05% First filing
97 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 25,33825.3k $282.5k $282.5k 0.01% Reduced -260 -260
98 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 24,27224.3k $270.6k $270.6k 0.00% Reduced -845 -845
99 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 24,17424.2k $269.5k $269.5k 0.01% Unchanged
100 BOS Asset Management, LLC 0.06% of their portfolio SPRINGFIELD, IL 23,64823.6k $263.7k $263.7k 0.06% Unchanged