PennantPark Floating Rate Capital
PFLT
67 hedge funds and large institutions have $132M invested in PennantPark Floating Rate Capital in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 5 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
47% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 19
34.92% more ownership
Funds ownership: 0% → 34.92% (+35%)
21% more capital invested
Capital invested by funds: $109M → $132M (+$22.8M)
4% less funds holding
Funds holding: 70 → 67 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$2.26M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$2.15M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
+$716K |
| 4 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
+$696K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.53M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$2.04M |
| 3 |
Morgan Stanley
New York
|
-$1.6M |
| 4 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$416K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$210K |
PFLT Hedge Fund Activity: Q4 2016 in Review
67 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2016, worth a combined $132M — up 21% from $109M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PFLT and 3 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 28 added.
The largest buyer was Muzinich & Co, adding an estimated $2.26M. The largest seller was Advisors Asset Management, cutting an estimated $2.53M.
- 67 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2016, down from 70 in Q3 2016.
- Funds reported $132M of PennantPark Floating Rate Capital stock for Q4 2016, up 21% quarter-over-quarter.
- 3 funds opened new PennantPark Floating Rate Capital positions in Q4 2016 and 5 closed out, a net change of -2 holders.
- The largest PennantPark Floating Rate Capital buyer in Q4 2016 was Muzinich & Co, an estimated $2.26M added.
- The largest PennantPark Floating Rate Capital seller in Q4 2016 was Advisors Asset Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q4 2016.