PennantPark Floating Rate Capital
PFLT
96 hedge funds and large institutions have $166M invested in PennantPark Floating Rate Capital in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 94 → 96 (+2)
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
1% more capital invested
Capital invested by funds: $164M → $166M (+$1.38M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.27% less ownership
Funds ownership: 37.3% → 37.04% (-0.27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$3.13M |
| 2 |
Two Sigma Advisers
New York
|
+$1.48M |
| 3 |
Two Sigma Investments
New York
|
+$1.24M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
+$622K |
| 5 |
Millennium Management
New York
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
-$3.42M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.37M |
| 3 |
MC
Muzinich & Co
New York
|
-$938K |
| 4 |
RA
Resource America
New York
|
-$852K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$703K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
101
Cutler Group
San Francisco,
California
| – | -$1.16K | -100 | Closed |
|
102
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1K | -100 | Closed |
|
|
SFS
103
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$359 | +31 | New |
|
104
Barclays
London,
United Kingdom
| – | +$475 | +41 | New |
|
PFLT Hedge Fund Activity: Q3 2019 in Review
96 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2019, worth a combined $166M — up 0.84% from $164M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PFLT positions and 10 closed out — a net gain of 2 holders — while 33 added to existing stakes and 31 trimmed.
The largest buyer was Sound Income Strategies, adding an estimated $3.13M. The largest seller was LGT Capital Partners, cutting an estimated $3.42M.
- 96 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2019, up from 94 in Q2 2019.
- Funds reported $166M of PennantPark Floating Rate Capital stock for Q3 2019, up 0.84% quarter-over-quarter.
- 12 funds opened new PennantPark Floating Rate Capital positions in Q3 2019 and 10 closed out, a net change of +2 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2019 was Sound Income Strategies, an estimated $3.13M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2019 was LGT Capital Partners, an estimated $3.42M sold.
Based on aggregated 13F filings for Q3 2019.