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PennantPark Floating Rate Capital

43 hedge funds and large institutions have $46.7M invested in PennantPark Floating Rate Capital in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

5% more capital invested

Capital invested by funds: $44.5M → $46.7M (+$2.2M)

14% less funds holding

Funds holding: 5043 (-7)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
43
Holders Change
-7
Holders Change %
-14%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
16
Reduced
11
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GIM
26
Greenwich Investment Management
Connecticut
$341K +$347K +24,580 New
LPL Financial
27
LPL Financial
California
$291K +$294K +20,792 New
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$275K
JP Morgan Chase
29
JP Morgan Chase
New York
$257K +$14.1K +1,000 +6%
Citigroup
30
Citigroup
New York
$172K +$160K +11,357 +1,094%
Goldman Sachs
31
Goldman Sachs
New York
$161K -$50.2K -3,553 -23%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$147K +$17.5K +1,237 +13%
AIG
33
American International Group
New York
$112K -$128K -9,068 -53%
JC
34
JBF Capital
Colorado
$87K
WRM
35
Westport Resources Management
Connecticut
$41K -$7.16K -507 -15%
EWM
36
Edge Wealth Management
New York
$28K
IWMPD
37
Integrated Wealth Management (Palm Desert)
California
$28K
Wells Fargo
38
Wells Fargo
California
$24K
PI
39
PineBridge Investments
New York
$17K +$339 +24 +2%
FWM
40
Focused Wealth Management
New York
$10K
GT
41
Glenmede Trust
Pennsylvania
$6K
TRCT
42
Tower Research Capital (TRC)
New York
$4K -$6.54K -463 -64%
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$32 -$3.84K -272 -10%
DCM
44
Dialectic Capital Management
Connecticut
-$702K -50,000 Closed
ZB
45
Zions Bancorporation
Utah
-$491K -35,000 Closed
NCCM
46
Nine Chapters Capital Management
New Jersey
-$217K -15,500 Closed
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
-$167K -11,923 Closed
DTL
48
Dynamic Technology Lab
Singapore
-$163K -11,645 Closed
RCM
49
Rotella Capital Management
Washington
-$141K -10,078 Closed
MUSU
50
Mitsubishi UFJ Securities (USA)
New York
-$78K -5,559 Closed

PFLT Hedge Fund Activity: Q2 2015 in Review

43 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2015, worth a combined $46.7M — up 4.9% from $44.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PFLT and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Advisors Asset Management, adding an estimated $3.2M. The largest seller was Dialectic Capital Management, exiting entirely with an estimated $702K sold.

  • 43 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2015, down from 50 in Q1 2015.
  • Funds reported $46.7M of PennantPark Floating Rate Capital stock for Q2 2015, up 4.9% quarter-over-quarter.
  • 4 funds opened new PennantPark Floating Rate Capital positions in Q2 2015 and 9 closed out, a net change of -5 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2015 was Advisors Asset Management, an estimated $3.2M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2015 was Dialectic Capital Management, an estimated $702K sold.

Based on aggregated 13F filings for Q2 2015.