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PennantPark Floating Rate Capital
PFLT

43 hedge funds and large institutions have $46.7M invested in PennantPark Floating Rate Capital in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

5% more capital invested

Capital invested by funds: $44.5M → $46.7M (+$2.2M)

14% less funds holding

Funds holding: 50 → 43 (-7)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
43
Holders Change
-7
Holders Change %
-14%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Advisors Asset Management
Colorado
+$3.2M
2
Morgan Stanley
Morgan Stanley
New York
+$1.01M
3
MCM
McKinley Capital Management
Alaska
+$511K
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$475K
5
GIM
Greenwich Investment Management
Connecticut
+$347K

Top Sellers

1
DCM
Dialectic Capital Management
Connecticut
-$702K
2
ZB
Zions Bancorporation
Utah
-$491K
3
CIM
Confluence Investment Management
Missouri
-$421K
4
TFCM
Taylor Frigon Capital Management
Arizona
-$269K
5
NCCM
Nine Chapters Capital Management
New Jersey
-$217K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSE
51
MUFG Securities EMEA
United Kingdom
– -$78K -5,559 Closed
US Bancorp
52
US Bancorp
Minnesota
– -$23K -1,645 Closed
1 2
3

PFLT Hedge Fund Activity: Q2 2015 in Review

43 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2015, worth a combined $46.7M — up 4.9% from $44.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PFLT and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Advisors Asset Management, adding an estimated $3.2M. The largest seller was Dialectic Capital Management, exiting entirely with an estimated $702K sold.

  • 43 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2015, down from 50 in Q1 2015.
  • Funds reported $46.7M of PennantPark Floating Rate Capital stock for Q2 2015, up 4.9% quarter-over-quarter.
  • 4 funds opened new PennantPark Floating Rate Capital positions in Q2 2015 and 9 closed out, a net change of -5 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2015 was Advisors Asset Management, an estimated $3.2M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2015 was Dialectic Capital Management, an estimated $702K sold.

Based on aggregated 13F filings for Q2 2015.