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PennantPark Floating Rate Capital
PFLT

67 hedge funds and large institutions have $132M invested in PennantPark Floating Rate Capital in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

47% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 19

34.92% more ownership

Funds ownership: 0% → 34.92% (+35%)

21% more capital invested

Capital invested by funds: $109M → $132M (+$22.8M)

4% less funds holding

Funds holding: 70 → 67 (-3)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
67
Holders Change
-3
Holders Change %
-4.29%
% of All Funds
1.68%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
3
Increased
28
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
+$2.26M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$2.15M
3
BG
BlackRock Group
United Kingdom
+$716K
4
LCP
LGT Capital Partners
Switzerland
+$696K
5
UBS Group
UBS Group
Switzerland
+$599K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.53M
2
AM
Ares Management
California
-$2.04M
3
Morgan Stanley
Morgan Stanley
New York
-$1.6M
4
KACA
Kayne Anderson Capital Advisors
California
-$416K
5
YCM
Yakira Capital Management
Connecticut
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$1.17M +$269K +19,900 +32%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$1.12M +$34K +2,520 +3%
GIM
28
Greenwich Investment Management
Connecticut
$1.05M -$56K -4,150 -5%
UBS AM
29
UBS AM
Illinois
$984K -$9.64K -714 -1%
TYCC
30
Texas Yale Capital Corp
Florida
$928K – – –
LPL Financial
31
LPL Financial
California
$916K -$37.1K -2,751 -4%
Two Sigma Investments
32
Two Sigma Investments
New York
$914K +$184K +13,648 +27%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$798K -$60.5K -4,479 -7%
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$741K -$122K -9,000 -15%
JP Morgan Chase
35
JP Morgan Chase
New York
$647K +$464K +34,383 +299%
OIA
36
Optimum Investment Advisors
Illinois
$615K -$59.6K -4,414 -9%
Millennium Management
37
Millennium Management
New York
$597K +$146K +10,793 +34%
YCM
38
Yakira Capital Management
Connecticut
$581K -$210K -15,578 -27%
Wells Fargo
39
Wells Fargo
California
$568K +$100K +7,434 +23%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$515K +$147K +10,873 +42%
CA
41
Corrado Advisors
New Jersey
$409K -$28.7K -2,125 -7%
Stifel Financial
42
Stifel Financial
Missouri
$401K +$57.2K +4,238 +17%
AWM
43
AllSquare Wealth Management
New York
$378K – – –
BP
44
BBR Partners
New York
$370K – – –
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$354K +$339K +25,100 New
SBIA
46
Sheaff Brock Investment Advisors
Indiana
$278K +$65.9K +4,877 +33%
FAAS
47
First Allied Advisory Services
California
$239K -$473 -35 -0.2%
SCM
48
Silver Capital Management
New York
$235K – – –
WS
49
Wedbush Securities
California
$208K +$20K +1,479 +11%
Bank of America
50
Bank of America
North Carolina
$208K +$37.5K +2,779 +23%
1
2
3

PFLT Hedge Fund Activity: Q4 2016 in Review

67 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2016, worth a combined $132M — up 21% from $109M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of PFLT and 3 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 28 added.

The largest buyer was Muzinich & Co, adding an estimated $2.26M. The largest seller was Advisors Asset Management, cutting an estimated $2.53M.

  • 67 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2016, down from 70 in Q3 2016.
  • Funds reported $132M of PennantPark Floating Rate Capital stock for Q4 2016, up 21% quarter-over-quarter.
  • 3 funds opened new PennantPark Floating Rate Capital positions in Q4 2016 and 5 closed out, a net change of -2 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q4 2016 was Muzinich & Co, an estimated $2.26M added.
  • The largest PennantPark Floating Rate Capital seller in Q4 2016 was Advisors Asset Management, an estimated $2.53M sold.

Based on aggregated 13F filings for Q4 2016.