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PennantPark Floating Rate Capital
PFLT

53 hedge funds and large institutions have $51.3M invested in PennantPark Floating Rate Capital in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 54 → 53 (-1)

7% less capital invested

Capital invested by funds: $55.1M → $51.3M (-$3.71M)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
18
Increased
16
Reduced
10
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$3.37M
2
Deutsche Bank
Deutsche Bank
Germany
+$1.26M
3
Two Sigma Investments
Two Sigma Investments
New York
+$911K
4
PP
Paloma Partners
Connecticut
+$877K
5
Goldman Sachs
Goldman Sachs
New York
+$700K

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$5.74M
2
Millennium Management
Millennium Management
New York
-$2.88M
3
State Street
State Street
Massachusetts
-$2.38M
4
BIT
BlackRock Institutional Trust
California
-$2.03M
5
Morgan Stanley
Morgan Stanley
New York
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$5K +$4.99K +360 New
BNP Paribas Financial Markets
52
BNP Paribas Financial Markets
France
$4.16K +$4.03K +291 New
TRCT
53
Tower Research Capital (TRC)
New York
$1K +$1.39K +100 New
BFA
54
BlackRock Fund Advisors
California
– -$5.74M -415,060 Closed
State Street
55
State Street
Massachusetts
– -$2.38M -172,280 Closed
BIT
56
BlackRock Institutional Trust
California
– -$2.03M -147,128 Closed
TCIM
57
TIAA CREF Investment Management
New York
– -$861K -62,314 Closed
BIM
58
BlackRock Investment Management
Delaware
– -$690K -49,935 Closed
Bank of New York Mellon
59
Bank of New York Mellon
New York
– -$639K -46,172 Closed
AR
60
Advisory Research
Illinois
– -$502K -36,360 Closed
SMDAM
61
Sumitomo Mitsui DS Asset Management
Japan
– -$502K -36,360 Closed
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
– -$367K -26,554 Closed
Vanguard Group
63
Vanguard Group
Pennsylvania
– -$321K -23,183 Closed
Charles Schwab
64
Charles Schwab
California
– -$291K -21,000 Closed
TA
65
Teachers Advisors
New York
– -$273K -19,779 Closed
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
– -$220K -15,900 Closed
ProShare Advisors
67
ProShare Advisors
Maryland
– -$206K -14,889 Closed
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
– -$175K -12,693 Closed
NFA
69
Nationwide Fund Advisors
Ohio
– -$157K -11,357 Closed
BA
70
BlackRock Advisors
Delaware
– -$103K -7,449 Closed
PCM
71
Prelude Capital Management
New York
– -$97K -7,000 Closed
AllianceBernstein
72
AllianceBernstein
Tennessee
– -$11K -822 Closed
1 2
3

PFLT Hedge Fund Activity: Q2 2014 in Review

53 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2014, worth a combined $51.3M — down 6.7% from $55.1M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFLT and 18 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 16 added.

The largest buyer was UBS, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $5.74M sold.

  • 53 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2014, down from 54 in Q1 2014.
  • Funds reported $51.3M of PennantPark Floating Rate Capital stock for Q2 2014, down 6.7% quarter-over-quarter.
  • 18 funds opened new PennantPark Floating Rate Capital positions in Q2 2014 and 19 closed out, a net change of -1 holder.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2014 was UBS, an estimated $3.37M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2014 was BlackRock Fund Advisors, an estimated $5.74M sold.

Based on aggregated 13F filings for Q2 2014.