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PennantPark Floating Rate Capital
PFLT

69 hedge funds and large institutions have $78.1M invested in PennantPark Floating Rate Capital in 2015 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 28 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

30,200% more call options, than puts

Call options by funds: $303K | Put options by funds: $1K

600% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 4

433% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 6

67% more capital invested

Capital invested by funds: $46.7M → $78.1M (+$31.4M)

60% more funds holding

Funds holding: 43 → 69 (+26)

Holders
69
Holders Change
+26
Holders Change %
+60.47%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
32
Increased
28
Reduced
4
Closed
6
Calls
$303K
Puts
$1K
Net Calls
+$302K
Net Calls Change
+$302K

Top Buyers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
+$6.78M
2
CS
Credit Suisse
Switzerland
+$6.42M
3
GP
GLG Partners
United Kingdom
+$6.19M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$3M
5
UBS Group
UBS Group
Switzerland
+$2.71M

Top Sellers

Rank Fund Capital Flow
1
JIC
JRM Investment Counsel
Nebraska
-$1.46M
2
YMRC
Yorktown Management & Research Company
Virginia
-$1.32M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$275K
4
Goldman Sachs
Goldman Sachs
New York
-$161K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$161K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$996K +$18.7K +1,435 +2%
CIM
27
Confluence Investment Management
Missouri
$990K +$1.25K +96 +0.1%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$860K +$47.8K +3,667 +5%
MCM
29
McKinley Capital Management
Alaska
$685K +$276K +21,222 +59%
OIA
30
Optimum Investment Advisors
Illinois
$655K +$714K +54,849 New
D.E. Shaw & Co
31
D.E. Shaw & Co
New York
$582K +$635K +48,783 New
CA
32
Corrado Advisors
New Jersey
$555K +$3.88K +298 +0.6%
AWM
33
AllSquare Wealth Management
New York
$541K – – –
GIM
34
Greenwich Investment Management
Connecticut
$447K +$168K +12,923 +53%
VFS
35
VSR Financial Services
Kansas
$437K -$117K -9,000 -20%
NCCM
36
Nine Chapters Capital Management
New Jersey
$410K +$447K +34,300 New
LPL Financial
37
LPL Financial
California
$405K +$176K +13,513 +65%
BP
38
BBR Partners
New York
$313K – – –
JP Morgan Chase
39
JP Morgan Chase
New York
$236K +$16K +1,226 +7%
Deutsche Bank
40
Deutsche Bank
Germany
$183K +$201K +15,395 New
Citigroup
41
Citigroup
New York
$176K +$30.8K +2,367 +19%
CIBC World Market
42
CIBC World Market
Ontario, Canada
$153K +$167K +12,787 New
Wells Fargo
43
Wells Fargo
California
$142K +$133K +10,175 +599%
AIG
44
American International Group
New York
$135K +$42.2K +3,242 +40%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$129K +$2.38K +183 +2%
EGA
46
Eagle Global Advisors
Texas
$127K +$139K +10,657 New
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$122K +$133K +10,223 New
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$88K +$96.1K +7,377 New
JC
49
JBF Capital
Colorado
$75K – – –
PCM
50
Prelude Capital Management
New York
$60K +$65.1K +5,000 New
1
2
3

PFLT Hedge Fund Activity: Q3 2015 in Review

69 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2015, worth a combined $78.1M — up 67% from $46.7M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new PFLT positions and 6 closed out — a net gain of 26 holders — while 28 added to existing stakes and 4 trimmed.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $6.78M. The largest seller was JRM Investment Counsel, exiting entirely with an estimated $1.46M sold.

  • 69 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2015, up from 43 in Q2 2015.
  • Funds reported $78.1M of PennantPark Floating Rate Capital stock for Q3 2015, up 67% quarter-over-quarter.
  • 32 funds opened new PennantPark Floating Rate Capital positions in Q3 2015 and 6 closed out, a net change of +26 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q3 2015 was Punch & Associates Investment Management, an estimated $6.78M added.
  • The largest PennantPark Floating Rate Capital seller in Q3 2015 was JRM Investment Counsel, an estimated $1.46M sold.

Based on aggregated 13F filings for Q3 2015.