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PennantPark Floating Rate Capital
PFLT

53 hedge funds and large institutions have $51.3M invested in PennantPark Floating Rate Capital in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 54 → 53 (-1)

7% less capital invested

Capital invested by funds: $55.1M → $51.3M (-$3.71M)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
18
Increased
16
Reduced
10
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$3.37M
2
Deutsche Bank
Deutsche Bank
Germany
+$1.26M
3
Two Sigma Investments
Two Sigma Investments
New York
+$911K
4
PP
Paloma Partners
Connecticut
+$877K
5
Goldman Sachs
Goldman Sachs
New York
+$700K

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$5.74M
2
Millennium Management
Millennium Management
New York
-$2.88M
3
State Street
State Street
Massachusetts
-$2.38M
4
BIT
BlackRock Institutional Trust
California
-$2.03M
5
Morgan Stanley
Morgan Stanley
New York
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$510K – – –
PP
27
PDT Partners
New York
$488K +$473K +34,129 New
D.E. Shaw & Co
28
D.E. Shaw & Co
New York
$457K +$443K +32,001 New
LP
29
LMR Partners
United Kingdom
$455K +$441K +31,829 New
MERSOM
30
Municipal Employees' Retirement System of Michigan
Michigan
$385K – – –
BP
31
BBR Partners
New York
$374K – – –
BCM
32
Bridgeway Capital Management
Texas
$329K – – –
AIM
33
ADAR Investment Management
New Jersey
$229K +$222K +16,000 New
JP Morgan Chase
34
JP Morgan Chase
New York
$221K +$41.5K +3,000 +24%
AIG
35
American International Group
New York
$219K -$138K -10,000 -39%
RVP
36
Relative Value Partners
Illinois
$197K +$191K +13,790 New
Nomura Holdings
37
Nomura Holdings
Japan
$187K +$181K +13,100 New
SFM
38
Soros Fund Management
New York
$183K +$177K +12,800 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$177K +$112K +8,110 +189%
Wells Fargo
40
Wells Fargo
California
$157K +$42.9K +3,100 +39%
AGM
41
Alpine Global Management
New York
$154K +$150K +10,801 New
Bank of America
42
Bank of America
North Carolina
$139K +$134K +9,701 +57,065%
MSE
43
MUFG Securities EMEA
United Kingdom
$79.4K +$77K +5,559 New
Barclays
44
Barclays
United Kingdom
$70K +$42.4K +3,060 +155%
WRM
45
Westport Resources Management
Connecticut
$57K +$194 +14 +0.4%
US Bancorp
46
US Bancorp
Minnesota
$29K – – –
GT
47
Glenmede Trust
Pennsylvania
$6K – – –
GSC
48
Ground Swell Capital
South Carolina
$6K +$5.54K +400 New
Citigroup
49
Citigroup
New York
$5K -$31.1K -2,249 -86%
MIM
50
Macroview Investment Management
Maryland
$5K -$5.19K -375 -54%
1
2
3

PFLT Hedge Fund Activity: Q2 2014 in Review

53 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2014, worth a combined $51.3M — down 6.7% from $55.1M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFLT and 18 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 16 added.

The largest buyer was UBS, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $5.74M sold.

  • 53 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2014, down from 54 in Q1 2014.
  • Funds reported $51.3M of PennantPark Floating Rate Capital stock for Q2 2014, down 6.7% quarter-over-quarter.
  • 18 funds opened new PennantPark Floating Rate Capital positions in Q2 2014 and 19 closed out, a net change of -1 holder.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2014 was UBS, an estimated $3.37M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2014 was BlackRock Fund Advisors, an estimated $5.74M sold.

Based on aggregated 13F filings for Q2 2014.