PennantPark Floating Rate Capital
PFLT
96 hedge funds and large institutions have $68.8M invested in PennantPark Floating Rate Capital in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 21 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
1.45% less ownership
Funds ownership: 37.83% → 36.37% (-1.5%)
10% less funds holding
Funds holding: 107 → 96 (-11)
43% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 21
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
61% less capital invested
Capital invested by funds: $178M → $68.8M (-$109M)
81% less call options, than puts
Call options by funds: $21K | Put options by funds: $109K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.96M |
| 2 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$2.87M |
| 3 |
RA
Resource America
New York
|
+$1.81M |
| 4 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$1.63M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.41M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.39M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.93M |
| 4 |
Two Sigma Investments
New York
|
-$1.38M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CANY
101
Caxton Associates (New York)
New York
| – | -$159K | -13,135 | Closed |
|
102
Squarepoint
New York
| – | -$135K | -11,094 | Closed |
|
103
LPL Financial
San Diego,
California
| – | -$126K | -10,340 | Closed |
|
|
MWNA
104
Marshall Wace North America
New York
| – | -$43K | -3,554 | Closed |
|
|
TCWM
105
Total Clarity Wealth Management
St. Charles,
Illinois
| – | -$39K | -3,200 | Closed |
|
|
FHA
106
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$30K | -2,433 | Closed |
|
|
CFGS
107
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$17.4K | -1,665 | Closed |
|
108
Simplex Trading
Chicago,
Illinois
| – | -$6.01K | -574 | -92% |
|
|
FIA
109
FNY Investment Advisers
New York
| – | -$4K | -364 | Closed |
|
|
ACM
110
Allred Capital Management
Dallas,
Texas
| – | -$3.04K | -250 | Closed |
|
|
EWM
111
EPG Wealth Management
Atlanta,
Georgia
| – | -$1K | -77 | Closed |
|
112
Group One Trading
Chicago,
Illinois
| – | +$1.05K | +100 | New |
|
PFLT Hedge Fund Activity: Q1 2020 in Review
96 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2020, worth a combined $68.8M — down 61% from $178M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PFLT and 12 opened new positions — a net loss of 9 holders — while 33 trimmed existing stakes and 33 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $2.96M. The largest seller was UBS Group, cutting an estimated $5.41M.
- 96 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2020, down from 107 in Q4 2019.
- Funds reported $68.8M of PennantPark Floating Rate Capital stock for Q1 2020, down 61% quarter-over-quarter.
- 12 funds opened new PennantPark Floating Rate Capital positions in Q1 2020 and 21 closed out, a net change of -9 holders.
- The largest PennantPark Floating Rate Capital buyer in Q1 2020 was Millennium Management, an estimated $2.96M added.
- The largest PennantPark Floating Rate Capital seller in Q1 2020 was UBS Group, an estimated $5.41M sold.
Based on aggregated 13F filings for Q1 2020.