PennantPark Floating Rate Capital
PFLT
54 hedge funds and large institutions have $55.1M invested in PennantPark Floating Rate Capital in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 8 closing their positions.
0% less capital invested
Capital invested by funds: $55.1M → $55.1M (-$67.6K)
5% less funds holding
Funds holding: 57 → 54 (-3)
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$4.5M |
| 2 |
AIM
Allen Investment Management
New York
|
+$714K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$435K |
| 4 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$371K |
| 5 |
State Street
Boston,
Massachusetts
|
+$254K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.63M |
| 2 |
Millennium Management
New York
|
-$1.37M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.15M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$996K |
| 5 |
FNYS
First New York Securities
New York
|
-$869K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIM
51
Macroview Investment Management
Bethesda,
Maryland
| $10K | – | – | – |
|
|
GT
52
Glenmede Trust
Philadelphia,
Pennsylvania
| $6K | – | – | – |
|
|
53
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $2.23K | -$996K | -71,895 | -31% |
|
|
FNYS
54
First New York Securities
New York
| – | -$869K | -63,283 | Closed |
|
|
DCM
55
Dialectic Capital Management
Norwalk,
Connecticut
| – | -$687K | -50,000 | Closed |
|
56
D.E. Shaw & Co
New York
| – | -$247K | -18,025 | Closed |
|
|
CS
57
Credit Suisse
Zurich,
Switzerland
| – | -$167K | -12,155 | Closed |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| – | -$38K | -2,800 | Closed |
|
59
Bank of America
Charlotte,
North Carolina
| – | -$19.2K | -1,383 | -99% |
|
60
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -900 | Closed |
|
61
Ameriprise
Minneapolis,
Minnesota
| – | -$4K | -260 | Closed |
|
62
BNP Paribas Financial Markets
Paris,
France
| – | -$2.61K | -190 | Closed |
|
PFLT Hedge Fund Activity: Q1 2014 in Review
54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2014, worth a combined $55.1M — down 0.12% from $55.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PFLT and 5 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 14 added.
The largest buyer was NWQ Investment Management Company, opening a new position worth an estimated $4.5M. The largest seller was Morgan Stanley, cutting an estimated $1.63M.
- 54 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2014, down from 57 in Q4 2013.
- Funds reported $55.1M of PennantPark Floating Rate Capital stock for Q1 2014, down 0.12% quarter-over-quarter.
- 5 funds opened new PennantPark Floating Rate Capital positions in Q1 2014 and 8 closed out, a net change of -3 holders.
- The largest PennantPark Floating Rate Capital buyer in Q1 2014 was NWQ Investment Management Company, an estimated $4.5M added.
- The largest PennantPark Floating Rate Capital seller in Q1 2014 was Morgan Stanley, an estimated $1.63M sold.
Based on aggregated 13F filings for Q1 2014.