PennantPark Floating Rate Capital
PFLT
70 hedge funds and large institutions have $98.7M invested in PennantPark Floating Rate Capital in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 11 closing their positions.
10% more capital invested
Capital invested by funds: $89.9M → $98.7M (+$8.84M)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
4% less funds holding
Funds holding: 73 → 70 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$2.83M |
| 2 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$2.74M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.68M |
| 4 |
Morgan Stanley
New York
|
+$2.09M |
| 5 |
MC
Muzinich & Co
New York
|
+$929K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.34M |
| 2 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
-$1.56M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.51M |
| 4 |
GP
GLG Partners
London,
United Kingdom
|
-$1.46M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$1.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$77K | -6,601 | Closed |
|
|
PI
77
PineBridge Investments
New York
| – | -$38K | -3,217 | Closed |
|
|
MFS
78
MSI Financial Services
Springfield,
Massachusetts
| – | -$23K | -2,000 | Closed |
|
79
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$16K | -1,409 | Closed |
|
|
WRM
80
Westport Resources Management
Westport,
Connecticut
| – | -$6K | -500 | Closed |
|
|
DLHL
81
Donald L. Hagan LLC
Sarasota,
Florida
| – | -$1K | -128 | Closed |
|
PFLT Hedge Fund Activity: Q2 2016 in Review
70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2016, worth a combined $98.7M — up 9.8% from $89.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PFLT and 8 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 22 added.
The largest buyer was Ares Management, opening a new position worth an estimated $2.83M. The largest seller was Janney Montgomery Scott, exiting entirely with an estimated $2.34M sold.
- 70 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2016, down from 73 in Q1 2016.
- Funds reported $98.7M of PennantPark Floating Rate Capital stock for Q2 2016, up 9.8% quarter-over-quarter.
- 8 funds opened new PennantPark Floating Rate Capital positions in Q2 2016 and 11 closed out, a net change of -3 holders.
- The largest PennantPark Floating Rate Capital buyer in Q2 2016 was Ares Management, an estimated $2.83M added.
- The largest PennantPark Floating Rate Capital seller in Q2 2016 was Janney Montgomery Scott, an estimated $2.34M sold.
Based on aggregated 13F filings for Q2 2016.