PennantPark Floating Rate Capital
PFLT
85 hedge funds and large institutions have $105M invested in PennantPark Floating Rate Capital in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 21 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
55% more call options, than puts
Call options by funds: $462K | Put options by funds: $298K
53% more capital invested
Capital invested by funds: $68.8M → $105M (+$36.2M)
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
4.03% less ownership
Funds ownership: 36.37% → 32.34% (-4%)
11% less funds holding
Funds holding: 96 → 85 (-11)
52% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$408K |
| 2 |
Two Sigma Investments
New York
|
+$394K |
| 3 |
RVPG
Relative Value Partners Group
|
+$374K |
| 4 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$315K |
| 5 |
TFCM
Taylor Frigon Capital Management
Scottsdale,
Arizona
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.73M |
| 2 |
PC
Polar Capital
London,
United Kingdom
|
-$1.6M |
| 3 |
Millennium Management
New York
|
-$1.38M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.35M |
| 5 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Group One Trading
Chicago,
Illinois
| – | -$734 | -100 | Closed |
|
102
Simplex Trading
Chicago,
Illinois
| – | -$382 | -52 | Closed |
|
PFLT Hedge Fund Activity: Q2 2020 in Review
85 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2020, worth a combined $105M — up 53% from $68.8M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PFLT and 10 opened new positions — a net loss of 11 holders — while 23 trimmed existing stakes and 28 added.
The largest buyer was Arrowstreet Capital, adding an estimated $408K. The largest seller was Janney Montgomery Scott, cutting an estimated $1.73M.
- 85 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2020, down from 96 in Q1 2020.
- Funds reported $105M of PennantPark Floating Rate Capital stock for Q2 2020, up 53% quarter-over-quarter.
- 10 funds opened new PennantPark Floating Rate Capital positions in Q2 2020 and 21 closed out, a net change of -11 holders.
- The largest PennantPark Floating Rate Capital buyer in Q2 2020 was Arrowstreet Capital, an estimated $408K added.
- The largest PennantPark Floating Rate Capital seller in Q2 2020 was Janney Montgomery Scott, an estimated $1.73M sold.
Based on aggregated 13F filings for Q2 2020.