PennantPark Floating Rate Capital
PFLT
79 hedge funds and large institutions have $149M invested in PennantPark Floating Rate Capital in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 12 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 25
0% more capital invested
Capital invested by funds: $148M → $149M (+$673K)
0.1% less ownership
Funds ownership: 32.46% → 32.37% (-0.1%)
4% less funds holding
Funds holding: 82 → 79 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$4.31M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.96M |
| 3 |
Morgan Stanley
New York
|
+$1.68M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.41M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ironsides Partners
Boston,
Massachusetts
|
-$7.05M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$2.47M |
| 3 |
WFI
West Family Investments
Carlsbad,
California
|
-$2.2M |
| 4 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
-$2.17M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$1.57M |
PFLT Hedge Fund Activity: Q3 2017 in Review
79 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2017, worth a combined $149M — up 0.45% from $148M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PFLT and 9 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 33 added.
The largest buyer was Muzinich & Co, adding an estimated $4.31M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.05M sold.
- 79 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2017, down from 82 in Q2 2017.
- Funds reported $149M of PennantPark Floating Rate Capital stock for Q3 2017, up 0.45% quarter-over-quarter.
- 9 funds opened new PennantPark Floating Rate Capital positions in Q3 2017 and 12 closed out, a net change of -3 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2017 was Muzinich & Co, an estimated $4.31M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2017 was Ironsides Partners, an estimated $7.05M sold.
Based on aggregated 13F filings for Q3 2017.