PennantPark Floating Rate Capital
PFLT
89 hedge funds and large institutions have $182M invested in PennantPark Floating Rate Capital in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 38 increasing their positions, 17 reducing their positions, and 10 closing their positions.
124% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 17
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
22% more capital invested
Capital invested by funds: $149M → $182M (+$32.7M)
13% more funds holding
Funds holding: 79 → 89 (+10)
2.17% more ownership
Funds ownership: 32.37% → 34.54% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$4.09M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.39M |
| 3 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$2.26M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
+$1.82M |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.77M |
| 2 |
MC
Muzinich & Co
New York
|
-$1.53M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$740K |
| 4 |
Goldman Sachs
New York
|
-$588K |
| 5 |
NFA
Nuveen Fund Advisors
Chicago,
Illinois
|
-$467K |
PFLT Hedge Fund Activity: Q4 2017 in Review
89 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2017, worth a combined $182M — up 22% from $149M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PFLT positions and 10 closed out — a net gain of 11 holders — while 38 added to existing stakes and 17 trimmed.
The largest buyer was Ares Management, adding an estimated $4.09M. The largest seller was Millennium Management, exiting entirely with an estimated $1.77M sold.
- 89 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2017, up from 79 in Q3 2017.
- Funds reported $182M of PennantPark Floating Rate Capital stock for Q4 2017, up 22% quarter-over-quarter.
- 21 funds opened new PennantPark Floating Rate Capital positions in Q4 2017 and 10 closed out, a net change of +11 holders.
- The largest PennantPark Floating Rate Capital buyer in Q4 2017 was Ares Management, an estimated $4.09M added.
- The largest PennantPark Floating Rate Capital seller in Q4 2017 was Millennium Management, an estimated $1.77M sold.
Based on aggregated 13F filings for Q4 2017.