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PennantPark Floating Rate Capital
PFLT

89 hedge funds and large institutions have $182M invested in PennantPark Floating Rate Capital in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 38 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 17

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

22% more capital invested

Capital invested by funds: $149M → $182M (+$32.7M)

13% more funds holding

Funds holding: 79 → 89 (+10)

2.17% more ownership

Funds ownership: 32.37% → 34.54% (+2.2%)

Holders
89
Holders Change
+10
Holders Change %
+12.66%
% of All Funds
2.02%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
21
Increased
38
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AM
Ares Management
California
+$4.09M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.39M
3
PRCP
Pacific Ridge Capital Partners
Oregon
+$2.26M
4
PC
Polar Capital
United Kingdom
+$1.82M
5
Legal & General Group
Legal & General Group
United Kingdom
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$1.77M
2
MC
Muzinich & Co
New York
-$1.53M
3
Macquarie Group
Macquarie Group
Australia
-$740K
4
Goldman Sachs
Goldman Sachs
New York
-$588K
5
NFA
Nuveen Fund Advisors
Illinois
-$467K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAS
26
Cue Advisory Services
Arizona
$2.12M +$32.4K +2,300 +2%
Legal & General Group
27
Legal & General Group
United Kingdom
$1.69M +$1.73M +122,889 New
POIA
28
Pin Oak Investment Advisors
Texas
$1.54M +$1.59M +112,573 New
TFCM
29
Taylor Frigon Capital Management
Arizona
$1.54M +$1.58M +112,286 New
HighTower Advisors
30
HighTower Advisors
Illinois
$1.53M -$20.7K -1,470 -1%
CL
31
CSS LLC
Illinois
$1.32M – – –
MCM
32
McKinley Capital Management
Alaska
$1.31M -$224K -15,909 -14%
MCM
33
Monument Capital Management
Virginia
$1.27M +$1.31M +92,690 New
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$1.25M +$148K +10,529 +13%
FCH
35
Freestone Capital Holdings
Washington
$1.17M – – –
Wells Fargo
36
Wells Fargo
California
$1.15M +$139K +9,873 +13%
TYCC
37
Texas Yale Capital Corp
Florida
$1.09M -$183K -12,975 -14%
CIM
38
Corbyn Investment Management
Maryland
$1.08M +$1.11M +78,437 New
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$1.07M -$39.5K -2,800 -3%
NFA
40
Nuveen Fund Advisors
Illinois
$973K -$467K -33,121 -32%
SCM
41
Shelton Capital Management
Colorado
$947K – – –
HHC
42
Hutchin Hill Capital
New York
$904K +$929K +65,900 New
WA
43
WESPAC Advisors
California
$853K +$876K +62,139 New
RA
44
Resource America
New York
$833K +$855K +60,678 New
YCM
45
Yakira Capital Management
Connecticut
$813K +$289K +20,478 +53%
MF
46
Magnetar Financial
Illinois
$782K +$27.3K +1,937 +4%
OIA
47
Optimum Investment Advisors
Illinois
$748K +$2.13K +151 +0.3%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$738K -$65.2K -4,624 -8%
GC
49
Guggenheim Capital
Illinois
$721K +$207K +14,682 +39%
Commonwealth Equity Services
50
Commonwealth Equity Services
Massachusetts
$591K +$1.59K +113 +0.3%
1
2
3 4

PFLT Hedge Fund Activity: Q4 2017 in Review

89 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2017, worth a combined $182M — up 22% from $149M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PFLT positions and 10 closed out — a net gain of 11 holders — while 38 added to existing stakes and 17 trimmed.

The largest buyer was Ares Management, adding an estimated $4.09M. The largest seller was Millennium Management, exiting entirely with an estimated $1.77M sold.

  • 89 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2017, up from 79 in Q3 2017.
  • Funds reported $182M of PennantPark Floating Rate Capital stock for Q4 2017, up 22% quarter-over-quarter.
  • 21 funds opened new PennantPark Floating Rate Capital positions in Q4 2017 and 10 closed out, a net change of +11 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q4 2017 was Ares Management, an estimated $4.09M added.
  • The largest PennantPark Floating Rate Capital seller in Q4 2017 was Millennium Management, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2017.