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PennantPark Floating Rate Capital

85 hedge funds and large institutions have $105M invested in PennantPark Floating Rate Capital in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

55% more call options, than puts

Call options by funds: $462K | Put options by funds: $298K

53% more capital invested

Capital invested by funds: $68.8M → $105M (+$36.2M)

22% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 23

4.03% less ownership

Funds ownership: 36.37%32.34% (-4%)

11% less funds holding

Funds holding: 9685 (-11)

52% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 21

Holders
85
Holders Change
-11
Holders Change %
-11.46%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
10
Increased
28
Reduced
23
Closed
21
Calls
$462K
Puts
$298K
Net Calls
+$164K
Net Calls Change
+$252K
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
26
UBS Group
Switzerland
$966K +$73.8K +10,057 +10%
GIM
27
Greenwich Investment Management
Connecticut
$937K
MCM
28
McKinley Capital Management
Alaska
$886K +$79.6K +10,845 +11%
CL
29
CSS LLC
Illinois
$806K
RIG
30
Roosevelt Investment Group
New York
$805K -$2.83K -385 -0.4%
CIM
31
Confluence Investment Management
Missouri
$796K -$364K -49,565 -34%
Stifel Financial
32
Stifel Financial
Missouri
$753K -$35.5K -4,836 -5%
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$742K +$218K +29,700 +51%
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$650K -$78K -10,626 -12%
VEA
35
Virtus ETF Advisers
New York
$640K -$1.35M -184,037 -71%
CIM
36
Corbyn Investment Management
Maryland
$552K -$277K -37,799 -37%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$499K -$1.73M -236,052 -80%
YCM
38
Yakira Capital Management
Connecticut
$456K
WA
39
Wambolt & Associates
Colorado
$437K +$5.27K +718 +1%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$346K +$14K +1,903 +5%
TC
41
TownSquare Capital
Utah
$346K +$30.1K +4,099 +11%
OIA
42
Optimum Investment Advisors
Illinois
$303K -$3.95K -538 -1%
ECM
43
ExodusPoint Capital Management
New York
$290K +$254K +34,551 New
Mirae Asset Global Investments
44
Mirae Asset Global Investments
South Korea
$246K -$19.5K -2,663 -8%
AWM
45
AllSquare Wealth Management
New York
$226K -$12.5K -1,700 -6%
IAIM
46
International Assets Investment Management
Florida
$223K
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$213K -$494K -67,264 -73%
Wells Fargo
48
Wells Fargo
California
$211K +$1.48K +201 +0.8%
DC
49
Davenport & Co
Virginia
$194K +$5.14K +700 +3%
WS
50
Wedbush Securities
California
$173K +$330 +45 +0.2%

PFLT Hedge Fund Activity: Q2 2020 in Review

85 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2020, worth a combined $105M — up 53% from $68.8M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PFLT and 10 opened new positions — a net loss of 11 holders — while 23 trimmed existing stakes and 28 added.

The largest buyer was Arrowstreet Capital, adding an estimated $408K. The largest seller was Janney Montgomery Scott, cutting an estimated $1.73M.

  • 85 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2020, down from 96 in Q1 2020.
  • Funds reported $105M of PennantPark Floating Rate Capital stock for Q2 2020, up 53% quarter-over-quarter.
  • 10 funds opened new PennantPark Floating Rate Capital positions in Q2 2020 and 21 closed out, a net change of -11 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2020 was Arrowstreet Capital, an estimated $408K added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2020 was Janney Montgomery Scott, an estimated $1.73M sold.

Based on aggregated 13F filings for Q2 2020.