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PennantPark Floating Rate Capital
PFLT

73 hedge funds and large institutions have $89.9M invested in PennantPark Floating Rate Capital in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

9% more capital invested

Capital invested by funds: $82.3M → $89.9M (+$7.56M)

7% more funds holding

Funds holding: 68 → 73 (+5)

11% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 27

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
73
Holders Change
+5
Holders Change %
+7.35%
% of All Funds
1.95%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
24
Reduced
27
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PC
Polar Capital
United Kingdom
+$1.74M
2
Morgan Stanley
Morgan Stanley
New York
+$1.44M
3
FCH
Freestone Capital Holdings
Washington
+$786K
4
CIM
Confluence Investment Management
Missouri
+$753K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$511K

Top Sellers

Rank Fund Capital Flow
1
GP
GLG Partners
United Kingdom
-$2.3M
2
CS
Credit Suisse
Switzerland
-$1.32M
3
Two Sigma Investments
Two Sigma Investments
New York
-$746K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$458K
5
UBS AM
UBS AM
Illinois
-$442K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$1.09M +$119K +10,655 +13%
MCM
27
McKinley Capital Management
Alaska
$1.05M +$200K +17,939 +25%
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$896K – – –
D.E. Shaw & Co
29
D.E. Shaw & Co
New York
$832K +$468K +42,035 +144%
FCH
30
Freestone Capital Holdings
Washington
$826K +$786K +70,599 New
TYCC
31
Texas Yale Capital Corp
Florida
$770K – – –
Two Sigma Advisers
32
Two Sigma Advisers
New York
$750K -$291K -26,160 -29%
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$720K +$511K +45,938 +294%
YMRC
34
Yorktown Management & Research Company
Virginia
$679K – – –
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$635K -$458K -41,154 -43%
Millennium Management
36
Millennium Management
New York
$587K -$416K -37,365 -43%
OIA
37
Optimum Investment Advisors
Illinois
$530K -$20.7K -1,856 -4%
CG
38
Caprock Group
Idaho
$450K +$428K +38,470 New
CA
39
Corrado Advisors
New Jersey
$439K -$64.2K -5,767 -13%
Stifel Financial
40
Stifel Financial
Missouri
$415K -$33.7K -3,027 -8%
GIM
41
Greenwich Investment Management
Connecticut
$413K -$24.2K -2,175 -6%
Two Sigma Investments
42
Two Sigma Investments
New York
$396K -$746K -67,066 -66%
VFS
43
VSR Financial Services
Kansas
$370K – – –
AWM
44
AllSquare Wealth Management
New York
$355K -$72.3K -6,500 -18%
JP Morgan Chase
45
JP Morgan Chase
New York
$334K +$111K +9,949 +54%
BP
46
BBR Partners
New York
$307K – – –
Wells Fargo
47
Wells Fargo
California
$269K +$16.6K +1,489 +7%
FAAS
48
First Allied Advisory Services
California
$256K +$241K +21,693 New
SCM
49
Silver Capital Management
New York
$195K – – –
SBIA
50
Sheaff Brock Investment Advisors
Indiana
$186K +$4.93K +443 +3%
1
2
3 4

PFLT Hedge Fund Activity: Q1 2016 in Review

73 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2016, worth a combined $89.9M — up 9.2% from $82.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PFLT positions and 4 closed out — a net gain of 5 holders — while 24 added to existing stakes and 27 trimmed.

The largest buyer was Polar Capital, adding an estimated $1.74M. The largest seller was GLG Partners, cutting an estimated $2.3M.

  • 73 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2016, up from 68 in Q4 2015.
  • Funds reported $89.9M of PennantPark Floating Rate Capital stock for Q1 2016, up 9.2% quarter-over-quarter.
  • 9 funds opened new PennantPark Floating Rate Capital positions in Q1 2016 and 4 closed out, a net change of +5 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q1 2016 was Polar Capital, an estimated $1.74M added.
  • The largest PennantPark Floating Rate Capital seller in Q1 2016 was GLG Partners, an estimated $2.3M sold.

Based on aggregated 13F filings for Q1 2016.