PennantPark Floating Rate Capital
PFLT
94 hedge funds and large institutions have $164M invested in PennantPark Floating Rate Capital in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 29 reducing their positions, and 17 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 29
0.73% more ownership
Funds ownership: 36.57% → 37.3% (+0.73%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less capital invested
Capital invested by funds: $175M → $164M (-$11M)
7% less funds holding
Funds holding: 101 → 94 (-7)
35% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $51K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$5.26M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$3.56M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.09M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$713K |
| 5 |
Two Sigma Investments
New York
|
+$637K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.68M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$2.58M |
| 3 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
-$1.33M |
| 4 |
MCM
Monument Capital Management
Alexandria,
Virginia
|
-$1.18M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$744K |
PFLT Hedge Fund Activity: Q2 2019 in Review
94 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2019, worth a combined $164M — down 6.3% from $175M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PFLT and 11 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 36 added.
The largest buyer was Sound Income Strategies, adding an estimated $5.26M. The largest seller was Millennium Management, exiting entirely with an estimated $2.68M sold.
- 94 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2019, down from 101 in Q1 2019.
- Funds reported $164M of PennantPark Floating Rate Capital stock for Q2 2019, down 6.3% quarter-over-quarter.
- 11 funds opened new PennantPark Floating Rate Capital positions in Q2 2019 and 17 closed out, a net change of -6 holders.
- The largest PennantPark Floating Rate Capital buyer in Q2 2019 was Sound Income Strategies, an estimated $5.26M added.
- The largest PennantPark Floating Rate Capital seller in Q2 2019 was Millennium Management, an estimated $2.68M sold.
Based on aggregated 13F filings for Q2 2019.