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PennantPark Floating Rate Capital
PFLT

101 hedge funds and large institutions have $175M invested in PennantPark Floating Rate Capital in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 29 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

34% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 29

4% more funds holding

Funds holding: 97 → 101 (+4)

3% more capital invested

Capital invested by funds: $170M → $175M (+$5.65M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.79% less ownership

Funds ownership: 37.36% → 36.57% (-0.79%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $54K

Holders
101
Holders Change
+4
Holders Change %
+4.12%
% of All Funds
2.19%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
13
Increased
39
Reduced
29
Closed
9
Calls
–
Puts
$54K
Net Calls
-$54K
Net Calls Change
-$42K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$2.49M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.18M
3
SIS
Sound Income Strategies
Florida
+$1.16M
4
LCP
LGT Capital Partners
Switzerland
+$986K
5
AG
AlphaSimPlex Group
Massachusetts
+$602K

Top Sellers

Rank Fund Capital Flow
1
AM
Ares Management
California
-$7.35M
2
WFI
West Family Investments
California
-$1.64M
3
CCM
Castine Capital Management
Massachusetts
-$1.43M
4
SCM
Shelton Capital Management
Colorado
-$874K
5
PC
Polar Capital
United Kingdom
-$868K
Name Holding Trade Value Shares
Change 		Change in
Stake
GIM
26
Greenwich Investment Management
Connecticut
$1.93M -$21.4K -1,670 -1%
CIM
27
Confluence Investment Management
Missouri
$1.8M +$33.4K +2,606 +2%
HighTower Advisors
28
HighTower Advisors
Illinois
$1.62M +$46.2K +3,596 +3%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$1.57M – – –
AR
30
Advisory Research
Illinois
$1.44M -$65.2K -5,078 -4%
TFCM
31
Taylor Frigon Capital Management
Arizona
$1.39M -$39K -3,035 -3%
SMDAM
32
Sumitomo Mitsui DS Asset Management
Japan
$1.33M -$73K -5,686 -5%
MCM
33
McKinley Capital Management
Alaska
$1.32M +$475 +37 +0%
Wells Fargo
34
Wells Fargo
California
$1.26M -$1.53K -119 -0.1%
CL
35
CSS LLC
Illinois
$1.23M – – –
RIG
36
Roosevelt Investment Group
New York
$1.19M +$3.95K +308 +0.3%
MCM
37
Monument Capital Management
Virginia
$1.18M -$18.9K -1,474 -2%
FCH
38
Freestone Capital Holdings
Washington
$1.09M -$71K -5,529 -6%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$1.02M +$587K +45,703 +134%
GC
40
Guggenheim Capital
Illinois
$1.02M -$55.8K -4,347 -5%
KCM
41
Kennedy Capital Management
Missouri
$880K -$342K -26,660 -28%
P
42
&Partners
Tennessee
$774K +$6.37K +496 +0.8%
OAM
43
Oxford Asset Management
United Kingdom
$744K +$501K +39,030 +205%
YCM
44
Yakira Capital Management
Connecticut
$696K – – –
WA
45
Wambolt & Associates
Colorado
$641K +$65.5K +5,102 +11%
OIA
46
Optimum Investment Advisors
Illinois
$617K -$30.3K -2,357 -5%
AG
47
AlphaSimPlex Group
Massachusetts
$601K +$602K +46,896 New
JP Morgan Chase
48
JP Morgan Chase
New York
$573K +$142K +11,080 +33%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$485K +$25K +1,945 +5%
Acadian Asset Management
50
Acadian Asset Management
Massachusetts
$450K +$451K +35,117 New
1
2
3 4 5

PFLT Hedge Fund Activity: Q1 2019 in Review

101 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2019, worth a combined $175M — up 3.3% from $170M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PFLT positions and 9 closed out — a net gain of 4 holders — while 39 added to existing stakes and 29 trimmed.

The largest buyer was Millennium Management, adding an estimated $2.49M. The largest seller was Ares Management, cutting an estimated $7.35M.

  • 101 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2019, up from 97 in Q4 2018.
  • Funds reported $175M of PennantPark Floating Rate Capital stock for Q1 2019, up 3.3% quarter-over-quarter.
  • 13 funds opened new PennantPark Floating Rate Capital positions in Q1 2019 and 9 closed out, a net change of +4 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q1 2019 was Millennium Management, an estimated $2.49M added.
  • The largest PennantPark Floating Rate Capital seller in Q1 2019 was Ares Management, an estimated $7.35M sold.

Based on aggregated 13F filings for Q1 2019.