PennantPark Floating Rate Capital
PFLT
61 hedge funds and large institutions have $55.7M invested in PennantPark Floating Rate Capital in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 6 reducing their positions, and 4 closing their positions.
450% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 6
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
29% more capital invested
Capital invested by funds: $43M → $55.7M (+$12.7M)
24% more funds holding
Funds holding: 49 → 61 (+12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.69M |
| 2 |
Millennium Management
New York
|
+$2.46M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.16M |
| 4 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$1.35M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$945K |
| 2 |
Morgan Stanley
New York
|
-$681K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$274K |
| 4 |
Goldman Sachs
New York
|
-$247K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$108K |
PFLT Hedge Fund Activity: Q3 2013 in Review
61 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2013, worth a combined $55.7M — up 29% from $43M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PFLT positions and 4 closed out — a net gain of 12 holders — while 33 added to existing stakes and 6 trimmed.
The largest buyer was Janney Montgomery Scott, adding an estimated $2.69M. The largest seller was TFS Capital, exiting entirely with an estimated $945K sold.
- 61 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2013, up from 49 in Q2 2013.
- Funds reported $55.7M of PennantPark Floating Rate Capital stock for Q3 2013, up 29% quarter-over-quarter.
- 16 funds opened new PennantPark Floating Rate Capital positions in Q3 2013 and 4 closed out, a net change of +12 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2013 was Janney Montgomery Scott, an estimated $2.69M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2013 was TFS Capital, an estimated $945K sold.
Based on aggregated 13F filings for Q3 2013.