PennantPark Floating Rate Capital
PFLT
97 hedge funds and large institutions have $170M invested in PennantPark Floating Rate Capital in 2018 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 27 increasing their positions, 32 reducing their positions, and 15 closing their positions.
53% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 15
9% more funds holding
Funds holding: 89 → 97 (+8)
2.48% more ownership
Funds ownership: 34.89% → 37.36% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less capital invested
Capital invested by funds: $179M → $170M (-$9.23M)
16% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 32
75% less call options, than puts
Call options by funds: $4K | Put options by funds: $16K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$3.38M |
| 2 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
+$3.16M |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$2.42M |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$1.88M |
| 5 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$2.45M |
| 2 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
-$1.04M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$975K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$644K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$511K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
LPL Financial
San Diego,
California
| – | -$142K | -10,782 | Closed |
|
|
VAM
102
Visionary Asset Management
Houston,
Texas
| – | -$133K | -10,007 | Closed |
|
|
WAM
103
Wolverine Asset Management
Chicago,
Illinois
| – | -$118K | -8,975 | Closed |
|
|
SWP
104
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$113K | -8,558 | Closed |
|
|
WSTAM
105
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$92K | -7,000 | Closed |
|
|
VCM
106
Versant Capital Management
Phoenix,
Arizona
| – | -$1K | -96 | Closed |
|
|
ML
107
McAdam LLC
Philadelphia,
Pennsylvania
| – | -$1K | -90 | Closed |
|
|
SPIA
108
Steward Partners Investment Advisory
New York
| – | -$1K | -54 | Closed |
|
PFLT Hedge Fund Activity: Q4 2018 in Review
97 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2018, worth a combined $170M — down 5.2% from $179M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PFLT positions and 15 closed out — a net gain of 8 holders — while 27 added to existing stakes and 32 trimmed.
The largest buyer was Ares Management, adding an estimated $3.38M. The largest seller was B. Riley Financial, exiting entirely with an estimated $2.45M sold.
- 97 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2018, up from 89 in Q3 2018.
- Funds reported $170M of PennantPark Floating Rate Capital stock for Q4 2018, down 5.2% quarter-over-quarter.
- 23 funds opened new PennantPark Floating Rate Capital positions in Q4 2018 and 15 closed out, a net change of +8 holders.
- The largest PennantPark Floating Rate Capital buyer in Q4 2018 was Ares Management, an estimated $3.38M added.
- The largest PennantPark Floating Rate Capital seller in Q4 2018 was B. Riley Financial, an estimated $2.45M sold.
Based on aggregated 13F filings for Q4 2018.