Bank Diversifies Portfolio
Texas Capital Bank Wealth Management Expands Diverse Portfolio with New Q2 Stock Acquisitions
Key Points
Texas Capital Bank Wealth Management Services Inc disclosed a Q2 stake in Starwood Property Trust (STWD) by purchasing 193,760 shares for about $3,174,000; in addition, STWD opened at $16.27, with a market cap around $6.02 billion and a P/E ratio of 27.58.
Vice Chairman Jeffrey Henley of Oracle Corporation sold 400,000 shares on June 24 under a pre-arranged Rule 10b5-1 trading plan, leaving the insider with 400,000 Oracle shares valued at about $63,664,000.
Texas Capital Bank Wealth Management Services Inc bought 175,700 shares of Sixth Street Specialty Lending (TSLX) in the second quarter, worth about $3,017,000; the stock’s institutional ownership stands at 70.25%, with major holders such as Royal Bank of Canada and Invesco increasing stakes.
Open Lending (LPRO) saw Texas Capital Bank Wealth Management Services Inc acquire 287,075 shares for about $893,000 in the quarter; institutional investors own about 78.06% of LPRO.
Texas Capital Bank Wealth Management Services Inc made a flurry of new investments in Q2, snapping up stakes in five companies across real estate, tech, and lending. The firm's biggest buy was 287,075 shares of Open Lending (LPRO), worth about $893,000, according to Ticker Report.
The moves show the firm spreading its bets across very different industries. Its purchases ranged from a $766,000 stake in Carlyle Secured Lending to a $3.17 million position in Starwood Property Trust.
Starwood and Sixth Street Draw Biggest Dollar Bets
Texas Capital Bank's largest new positions by dollar value went into real estate and specialty lending. The firm bought 193,760 shares of Starwood Property Trust (STWD) for roughly $3.17 million, per Ticker Report. Starwood opened at $16.27 per share, with a market cap of about $6.02 billion and a price-to-earnings ratio of 27.58.
Close behind was a 175,700-share stake in Sixth Street Specialty Lending (TSLX), worth about $3.02 million, according to Ticker Report. TSLX has strong institutional backing. About 70.25% of the stock is held by institutions. Major investors like Royal Bank of Canada and Invesco have been adding to their positions.
Oracle Stake Comes as Insider Sells Big
Texas Capital Bank also opened a new position in Oracle Corporation (ORCL), buying 8,185 shares worth about $1.2 million. The purchase comes at a notable moment for the software giant. Oracle Vice Chairman Jeffrey Henley sold 400,000 shares on June 24 under a pre-arranged Rule 10b5-1 trading plan, according to Ticker Report.
After the sale, Henley still holds 400,000 Oracle shares. Those remaining shares are valued at about $63.66 million. A Rule 10b5-1 plan is a pre-scheduled selling agreement that lets insiders sell stock without raising conflict-of-interest concerns.
Open Lending Buy Joins a Crowded Institutional Field
The firm's 287,075-share purchase of Open Lending (LPRO) cost about $893,000, making it the largest position by share count. Open Lending is a fintech company that helps auto lenders approve more borrowers. Institutional investors already own about 78.06% of LPRO, per Ticker Report.
Texas Capital Bank also added 72,707 shares of Carlyle Secured Lending (CGBD) for about $766,000. That rounds out a quarter where the firm entered five new positions totaling roughly $9.85 million in new investments across real estate, software, and financial services.
Broader Portfolio Activity Points to Diversification Push
These Q2 moves were not isolated. Texas Capital Bank Wealth Management also bought shares in MSCI Inc and BlackRock during the same quarter, per Watchlist News and Ticker Report. The MSCI buy was 14,496 shares. The BlackRock position was 1,057 shares worth about $1.02 million.
The firm also picked up 286,782 shares of its parent company, Texas Capital Bancshares (TCBI), according to Ticker Report. Together, the trades paint a picture of a wealth manager casting a wide net — mixing blue-chip tech, real estate investment trusts, and niche lending firms in a single quarter.
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