PennantPark Floating Rate Capital
PFLT
77 hedge funds and large institutions have $157M invested in PennantPark Floating Rate Capital in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 11 reducing their positions, and 3 closing their positions.
400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 3
273% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 11
20% more capital invested
Capital invested by funds: $132M → $157M (+$25.7M)
15% more funds holding
Funds holding: 67 → 77 (+10)
0.67% more ownership
Funds ownership: 34.92% → 35.59% (+0.67%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$7.35M |
| 2 |
Two Sigma Investments
New York
|
+$5.36M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.75M |
| 4 |
Two Sigma Advisers
New York
|
+$3.55M |
| 5 |
BlackRock
New York
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ironsides Partners
Boston,
Massachusetts
|
-$3.71M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.58M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.18M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$839K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$741K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bessemer Group
Woodbridge,
New Jersey
| $4K | -$60K | -4,321 | -93% |
|
|
KF
77
Krilogy Financial
St. Louis,
Missouri
| $1K | – | – | – |
|
|
78
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$741K | -52,538 | Closed |
|
|
CA
79
Corrado Advisors
Ramsey,
New Jersey
| – | -$409K | -28,980 | Closed |
|
|
PMFA
80
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$3K | -203 | Closed |
|
PFLT Hedge Fund Activity: Q1 2017 in Review
77 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2017, worth a combined $157M — up 20% from $132M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFLT positions and 3 closed out — a net gain of 12 holders — while 41 added to existing stakes and 11 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $7.35M. The largest seller was Ironsides Partners, cutting an estimated $3.71M.
- 77 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2017, up from 67 in Q4 2016.
- Funds reported $157M of PennantPark Floating Rate Capital stock for Q1 2017, up 20% quarter-over-quarter.
- 15 funds opened new PennantPark Floating Rate Capital positions in Q1 2017 and 3 closed out, a net change of +12 holders.
- The largest PennantPark Floating Rate Capital buyer in Q1 2017 was Muzinich & Co, an estimated $7.35M added.
- The largest PennantPark Floating Rate Capital seller in Q1 2017 was Ironsides Partners, an estimated $3.71M sold.
Based on aggregated 13F filings for Q1 2017.