PennantPark Floating Rate Capital
PFLT
44 hedge funds and large institutions have $38.3M invested in PennantPark Floating Rate Capital in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 15 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 53 → 44 (-9)
25% less capital invested
Capital invested by funds: $51.3M → $38.3M (-$13.1M)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$1.84M |
| 2 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$806K |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$369K |
| 4 |
Two Sigma Advisers
New York
|
+$334K |
| 5 |
Goldman Sachs
New York
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.53M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$1.65M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$1.6M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.41M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$905K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LP
51
LMR Partners
London,
United Kingdom
| – | -$455K | -31,829 | Closed |
|
|
BCM
52
Bridgeway Capital Management
Houston,
Texas
| – | -$329K | -23,000 | Closed |
|
|
RVP
53
Relative Value Partners
Northbrook,
Illinois
| – | -$197K | -13,790 | Closed |
|
54
Nomura Holdings
Tokyo,
Japan
| – | -$187K | -13,100 | Closed |
|
|
SFM
55
Soros Fund Management
New York
| – | -$183K | -12,800 | Closed |
|
|
AGM
56
Alpine Global Management
New York
| – | -$154K | -10,801 | Closed |
|
57
Bank of America
Charlotte,
North Carolina
| – | -$139K | -9,718 | Closed |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5K | -360 | Closed |
|
|
MIM
59
Macroview Investment Management
Bethesda,
Maryland
| – | -$5K | -325 | Closed |
|
PFLT Hedge Fund Activity: Q3 2014 in Review
44 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2014, worth a combined $38.3M — down 25% from $51.3M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PFLT and 6 opened new positions — a net loss of 9 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was NWQ Investment Management Company, adding an estimated $1.84M. The largest seller was Morgan Stanley, cutting an estimated $3.53M.
- 44 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2014, down from 53 in Q2 2014.
- Funds reported $38.3M of PennantPark Floating Rate Capital stock for Q3 2014, down 25% quarter-over-quarter.
- 6 funds opened new PennantPark Floating Rate Capital positions in Q3 2014 and 15 closed out, a net change of -9 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2014 was NWQ Investment Management Company, an estimated $1.84M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2014 was Morgan Stanley, an estimated $3.53M sold.
Based on aggregated 13F filings for Q3 2014.