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PennantPark Floating Rate Capital

44 hedge funds and large institutions have $38.3M invested in PennantPark Floating Rate Capital in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

17% less funds holding

Funds holding: 5344 (-9)

25% less capital invested

Capital invested by funds: $51.3M → $38.3M (-$13.1M)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
44
Holders Change
-9
Holders Change %
-16.98%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
16
Reduced
13
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PP
26
PDT Partners
New York
$255K -$220K -15,600 -46%
Wells Fargo
27
Wells Fargo
California
$223K +$72.7K +5,161 +47%
AIG
28
American International Group
New York
$222K +$10.6K +750 +5%
AIM
29
ADAR Investment Management
New Jersey
$220K
JP Morgan Chase
30
JP Morgan Chase
New York
$214K
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$169K -$2.71K -192 -2%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$142K +$145K +10,301 New
MSE
33
MUFG Securities EMEA
United Kingdom
$77K
WRM
34
Westport Resources Management
Connecticut
$55K +$197 +14 +0.4%
Barclays
35
Barclays
United Kingdom
$34K -$34.4K -2,441 -49%
US Bancorp
36
US Bancorp
Minnesota
$28K
EWM
37
Edge Wealth Management
New York
$28K +$28.2K +2,000 New
TRCT
38
Tower Research Capital (TRC)
New York
$27K +$26K +1,847 +1,847%
NFG
39
Next Financial Group
Texas
$22K +$22.3K +1,580 New
Citigroup
40
Citigroup
New York
$12K +$7.16K +508 +135%
GT
41
Glenmede Trust
Pennsylvania
$6K
GSC
42
Ground Swell Capital
South Carolina
$6K +$958 +68 +17%
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$4.01K
Manulife (Manufacturers Life Insurance)
44
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$980 -$1.6M -113,739 -62%
Northern Trust
45
Northern Trust
Illinois
-$1.65M -115,712 Closed
Deutsche Bank
46
Deutsche Bank
Germany
-$1.41M -98,813 Closed
PP
47
Paloma Partners
Connecticut
-$905K -63,325 Closed
COPPSERS
48
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$614K -42,944 Closed
CS
49
Credit Suisse
Switzerland
-$580K -40,619 Closed
D.E. Shaw & Co
50
D.E. Shaw & Co
New York
-$457K -32,001 Closed

PFLT Hedge Fund Activity: Q3 2014 in Review

44 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2014, worth a combined $38.3M — down 25% from $51.3M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFLT and 6 opened new positions — a net loss of 9 holders — while 13 trimmed existing stakes and 16 added.

The largest buyer was NWQ Investment Management Company, adding an estimated $1.84M. The largest seller was Morgan Stanley, cutting an estimated $3.53M.

  • 44 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2014, down from 53 in Q2 2014.
  • Funds reported $38.3M of PennantPark Floating Rate Capital stock for Q3 2014, down 25% quarter-over-quarter.
  • 6 funds opened new PennantPark Floating Rate Capital positions in Q3 2014 and 15 closed out, a net change of -9 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q3 2014 was NWQ Investment Management Company, an estimated $1.84M added.
  • The largest PennantPark Floating Rate Capital seller in Q3 2014 was Morgan Stanley, an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2014.