PennantPark Floating Rate Capital
PFLT
101 hedge funds and large institutions have $175M invested in PennantPark Floating Rate Capital in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 29 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
34% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 29
4% more funds holding
Funds holding: 97 → 101 (+4)
3% more capital invested
Capital invested by funds: $170M → $175M (+$5.65M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.79% less ownership
Funds ownership: 37.36% → 36.57% (-0.79%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $54K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.49M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.18M |
| 3 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$1.16M |
| 4 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
+$986K |
| 5 |
AG
AlphaSimPlex Group
Boston,
Massachusetts
|
+$602K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$7.35M |
| 2 |
WFI
West Family Investments
Carlsbad,
California
|
-$1.64M |
| 3 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$1.43M |
| 4 |
SCM
Shelton Capital Management
Denver,
Colorado
|
-$874K |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
-$868K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
101
Castine Capital Management
Boston,
Massachusetts
| – | -$1.43M | -123,200 | Closed |
|
|
SC
102
Sepio Capital
Salt Lake City,
Utah
| – | -$229K | -19,750 | Closed |
|
|
ECM
103
ExodusPoint Capital Management
New York
| – | -$118K | -10,200 | Closed |
|
|
NFA
104
Nuveen Fund Advisors
Chicago,
Illinois
| – | -$116K | -10,008 | Closed |
|
105
Simplex Trading
Chicago,
Illinois
| – | -$12K | -1,086 | Closed |
|
|
AIC
106
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$13K | -1,085 | Closed |
|
|
CC
107
Claybrook Capital
Wellesley,
Massachusetts
| – | -$1K | -64 | Closed |
|
|
WDL
108
Well Done LLC
Holland,
Michigan
| – | -$1K | -64 | Closed |
|
109
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
PFLT Hedge Fund Activity: Q1 2019 in Review
101 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2019, worth a combined $175M — up 3.3% from $170M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PFLT positions and 9 closed out — a net gain of 4 holders — while 39 added to existing stakes and 29 trimmed.
The largest buyer was Millennium Management, adding an estimated $2.49M. The largest seller was Ares Management, cutting an estimated $7.35M.
- 101 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2019, up from 97 in Q4 2018.
- Funds reported $175M of PennantPark Floating Rate Capital stock for Q1 2019, up 3.3% quarter-over-quarter.
- 13 funds opened new PennantPark Floating Rate Capital positions in Q1 2019 and 9 closed out, a net change of +4 holders.
- The largest PennantPark Floating Rate Capital buyer in Q1 2019 was Millennium Management, an estimated $2.49M added.
- The largest PennantPark Floating Rate Capital seller in Q1 2019 was Ares Management, an estimated $7.35M sold.
Based on aggregated 13F filings for Q1 2019.