PennantPark Floating Rate Capital
PFLT
48 hedge funds and large institutions have $44.2M invested in PennantPark Floating Rate Capital in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
16% more capital invested
Capital invested by funds: $38.3M → $44.2M (+$5.94M)
9% more funds holding
Funds holding: 44 → 48 (+4)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.11M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$762K |
| 3 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$353K |
| 4 |
WFI
West Family Investments
Carlsbad,
California
|
+$347K |
| 5 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$223K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Two Sigma Advisers
New York
| – | -$327K | -23,700 | Closed |
|
|
PP
52
PDT Partners
New York
| – | -$255K | -18,529 | Closed |
|
53
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$142K | -10,301 | Closed |
|
54
Barclays
London,
United Kingdom
| – | -$34K | -2,589 | Closed |
|
|
NFG
55
Next Financial Group
Houston,
Texas
| – | -$22K | -1,580 | Closed |
|
56
BNP Paribas Financial Markets
Paris,
France
| – | -$4.01K | -291 | Closed |
|
PFLT Hedge Fund Activity: Q4 2014 in Review
48 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2014, worth a combined $44.2M — up 16% from $38.3M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFLT positions and 8 closed out — a net gain of 7 holders — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $2.11M. The largest seller was Allen Investment Management, cutting an estimated $978K.
- 48 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2014, up from 44 in Q3 2014.
- Funds reported $44.2M of PennantPark Floating Rate Capital stock for Q4 2014, up 16% quarter-over-quarter.
- 15 funds opened new PennantPark Floating Rate Capital positions in Q4 2014 and 8 closed out, a net change of +7 holders.
- The largest PennantPark Floating Rate Capital buyer in Q4 2014 was Advisors Asset Management, an estimated $2.11M added.
- The largest PennantPark Floating Rate Capital seller in Q4 2014 was Allen Investment Management, an estimated $978K sold.
Based on aggregated 13F filings for Q4 2014.