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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
79
Holders Change
-3
Holders Change %
-3.66%
% of All Funds
1.97%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
33
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
+$4.31M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.96M
3
Morgan Stanley
Morgan Stanley
New York
+$1.68M
4
Stifel Financial
Stifel Financial
Missouri
+$1.41M
5
PC
Polar Capital
United Kingdom
+$1.36M

Top Sellers

Rank Fund Capital Flow
1
IP
Ironsides Partners
Massachusetts
-$7.05M
2
AM
Ares Management
California
-$2.47M
3
WFI
West Family Investments
California
-$2.2M
4
LCP
LGT Capital Partners
Switzerland
-$2.17M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
WFI
76
West Family Investments
California
$3.1K -$2.2M -154,697 -42%
Bessemer Group
77
Bessemer Group
New Jersey
$1K -$3.42K -240 -79%
CG
78
Cutler Group
California
$1K +$1.43K +100 New
IP
79
Ironsides Partners
Massachusetts
– -$7.05M -500,000 Closed
Ameriprise
80
Ameriprise
Minnesota
– -$893K -63,310 Closed
Bank of Montreal
81
Bank of Montreal
Ontario, Canada
– -$423K -30,000 Closed
SCM
82
Silver Capital Management
New York
– -$235K -16,677 Closed
SPC
83
Sigma Planning Corp
Michigan
– -$215K -15,231 Closed
Envestnet Asset Management
84
Envestnet Asset Management
Illinois
– -$131K -9,277 Closed
JC
85
JBF Capital
Colorado
– -$88K -6,245 Closed
Creative Planning
86
Creative Planning
Kansas
– -$72K -5,133 Closed
TRCT
87
Tower Research Capital (TRC)
New York
– -$9.23K -648 Closed
AIM
88
Acrospire Investment Management
Illinois
– -$2K -175 Closed
KF
89
Krilogy Financial
Missouri
– -$1K -96 Closed
1 2 3
4

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.