PennantPark Floating Rate Capital
PFLT
110 hedge funds and large institutions have $140M invested in PennantPark Floating Rate Capital in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 34 reducing their positions, and 19 closing their positions.
28% more call options, than puts
Call options by funds: $795K | Put options by funds: $622K
2% less funds holding
Funds holding: 112 → 110 (-2)
10.29% less ownership
Funds ownership: 32.62% → 22.33% (-10%)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
12% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 34
19% less capital invested
Capital invested by funds: $172M → $140M (-$32.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$2.02M |
| 2 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
+$1.83M |
| 3 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$1.32M |
| 4 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$1.31M |
| 5 |
Goldman Sachs
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$5.25M |
| 3 |
SM
Scoggin Management
New York
|
-$4.99M |
| 4 |
Millennium Management
New York
|
-$3.83M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$3.31M |
PFLT Hedge Fund Activity: Q3 2023 in Review
110 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2023, worth a combined $140M — down 19% from $172M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PFLT and 17 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 30 added.
The largest buyer was VanEck Associates, adding an estimated $2.02M. The largest seller was Morgan Stanley, cutting an estimated $11.2M.
- 110 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2023, down from 112 in Q2 2023.
- Funds reported $140M of PennantPark Floating Rate Capital stock for Q3 2023, down 19% quarter-over-quarter.
- 17 funds opened new PennantPark Floating Rate Capital positions in Q3 2023 and 19 closed out, a net change of -2 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2023 was VanEck Associates, an estimated $2.02M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2023 was Morgan Stanley, an estimated $11.2M sold.
Based on aggregated 13F filings for Q3 2023.