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PennantPark Floating Rate Capital
PFLT

96 hedge funds and large institutions have $173M invested in PennantPark Floating Rate Capital in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 33 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

4% more funds holding

Funds holding: 92 → 96 (+4)

1.36% less ownership

Funds ownership: 36.09% → 34.72% (-1.4%)

5% less capital invested

Capital invested by funds: $183M → $173M (-$9.89M)

33% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 33

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

90% less call options, than puts

Call options by funds: $68K | Put options by funds: $704K

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
2.2%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
11
Increased
22
Reduced
33
Closed
6
Calls
$68K
Puts
$704K
Net Calls
-$636K
Net Calls Change
-$184K

Top Buyers

Rank Fund Capital Flow
1
AR
Advisory Research
Illinois
+$1.9M
2
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
+$1.77M
3
SIS
Sound Income Strategies
Florida
+$1.21M
4
VF
Virtu Financial
New York
+$365K
5
PRCP
Pacific Ridge Capital Partners
Oregon
+$292K

Top Sellers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
-$5.4M
2
PAIM
Punch & Associates Investment Management
Minnesota
-$3.09M
3
CIM
Confluence Investment Management
Missouri
-$1.13M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$834K
5
BlackRock
BlackRock
New York
-$556K
Name Holding Trade Value Shares
Change 		Change in
Stake
SMDAM
26
Sumitomo Mitsui DS Asset Management
Japan
$1.79M +$1.77M +130,873 New
HighTower Advisors
27
HighTower Advisors
Illinois
$1.64M -$72K -5,316 -4%
MCM
28
McKinley Capital Management
Alaska
$1.48M +$137K +10,106 +10%
TFCM
29
Taylor Frigon Capital Management
Arizona
$1.46M -$71.1K -5,252 -5%
Wells Fargo
30
Wells Fargo
California
$1.42M +$78K +5,760 +6%
CL
31
CSS LLC
Illinois
$1.31M – – –
CIM
32
Confluence Investment Management
Missouri
$1.21M -$1.13M -83,491 -49%
MCM
33
Monument Capital Management
Virginia
$1.17M -$126K -9,306 -10%
FCH
34
Freestone Capital Holdings
Washington
$1.16M – – –
TYCC
35
Texas Yale Capital Corp
Florida
$1.08M – – –
GC
36
Guggenheim Capital
Illinois
$1.07M +$163K +12,063 +18%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$1.07M – – –
SCM
38
Shelton Capital Management
Colorado
$943K – – –
YCM
39
Yakira Capital Management
Connecticut
$742K – – –
OIA
40
Optimum Investment Advisors
Illinois
$717K +$2.99K +221 +0.4%
WA
41
WESPAC Advisors
California
$663K -$459K -33,882 -41%
NFA
42
Nuveen Fund Advisors
Illinois
$572K -$321K -23,666 -36%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$565K -$28.8K -2,130 -5%
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$554K +$218K +16,095 +66%
PAM
45
PVG Asset Management
Colorado
$527K – – –
RA
46
Rational Advisors
New York
$527K – – –
Two Sigma Advisers
47
Two Sigma Advisers
New York
$502K -$834K -61,562 -63%
WS
48
Wedbush Securities
California
$452K -$16.2K -1,193 -3%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$430K -$260K -19,189 -38%
AWM
50
AllSquare Wealth Management
New York
$421K +$67.7K +5,000 +19%
1
2
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PFLT Hedge Fund Activity: Q2 2018 in Review

96 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2018, worth a combined $173M — down 5.4% from $183M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PFLT positions and 6 closed out — a net gain of 5 holders — while 22 added to existing stakes and 33 trimmed.

The largest buyer was Advisory Research, opening a new position worth an estimated $1.9M. The largest seller was Muzinich & Co, cutting an estimated $5.4M.

  • 96 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2018, up from 92 in Q1 2018.
  • Funds reported $173M of PennantPark Floating Rate Capital stock for Q2 2018, down 5.4% quarter-over-quarter.
  • 11 funds opened new PennantPark Floating Rate Capital positions in Q2 2018 and 6 closed out, a net change of +5 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2018 was Advisory Research, an estimated $1.9M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2018 was Muzinich & Co, an estimated $5.4M sold.

Based on aggregated 13F filings for Q2 2018.