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PennantPark Floating Rate Capital
PFLT

61 hedge funds and large institutions have $55.7M invested in PennantPark Floating Rate Capital in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 6

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

29% more capital invested

Capital invested by funds: $43M → $55.7M (+$12.7M)

24% more funds holding

Funds holding: 49 → 61 (+12)

Holders
61
Holders Change
+12
Holders Change %
+24.49%
% of All Funds
1.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
33
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$2.69M
2
Millennium Management
Millennium Management
New York
+$2.46M
3
BFA
BlackRock Fund Advisors
California
+$2.16M
4
DCM
Dialectic Capital Management
Connecticut
+$1.35M
5
Northern Trust
Northern Trust
Illinois
+$1.34M

Top Sellers

1
TC
TFS Capital
Pennsylvania
-$945K
2
Morgan Stanley
Morgan Stanley
New York
-$681K
3
Bank of America
Bank of America
North Carolina
-$274K
4
Goldman Sachs
Goldman Sachs
New York
-$247K
5
PAM
Panagora Asset Management
Massachusetts
-$108K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.58M -$681K -49,478 -7%
BFA
2
BlackRock Fund Advisors
California
$5.88M +$2.16M +156,783 +58%
Millennium Management
3
Millennium Management
New York
$5.05M +$2.46M +178,448 +95%
CIM
4
Confluence Investment Management
Missouri
$4.14M +$302K +21,962 +8%
YMRC
5
Yorktown Management & Research Company
Virginia
$3.44M +$655K +47,544 +23%
Janney Montgomery Scott
6
Janney Montgomery Scott
Pennsylvania
$3.35M +$2.69M +195,415 +408%
BIT
7
BlackRock Institutional Trust
California
$2.23M +$790K +57,372 +55%
State Street
8
State Street
Massachusetts
$1.88M +$585K +42,474 +45%
Northern Trust
9
Northern Trust
Illinois
$1.84M +$1.34M +96,994 +267%
UBS AM
10
UBS AM
Illinois
$1.48M +$36.2K +2,632 +3%
Vanguard Group
11
Vanguard Group
Pennsylvania
$1.45M +$1.1M +79,901 +313%
AW
12
ACG Wealth
Georgia
$1.4M -$88.4K -6,424 -6%
DCM
13
Dialectic Capital Management
Connecticut
$1.35M +$1.35M +97,788 New
BG
14
BlackRock Group
United Kingdom
$1.1M +$1.1M +80,166 New
FNYS
15
First New York Securities
New York
$938K +$231K +16,760 +33%
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$881K +$74.4K +5,404 +9%
JP Morgan Chase
17
JP Morgan Chase
New York
$868K +$564K +40,936 +186%
TCIM
18
TIAA CREF Investment Management
New York
$859K +$202K +14,706 +31%
WFI
19
West Family Investments
California
$821K – – –
BI
20
Bulldog Investors
New Jersey
$785K +$785K +57,000 New
BIM
21
BlackRock Investment Management
Delaware
$673K +$213K +15,501 +46%
HighTower Advisors
22
HighTower Advisors
Illinois
$597K +$31.7K +2,300 +6%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$553K +$145K +10,559 +36%
VFS
24
VSR Financial Services
Kansas
$533K +$262K +19,000 +96%
BIG
25
Blackthorn Investment Group
Kansas
$457K +$457K +33,186 New
1
2 3

PFLT Hedge Fund Activity: Q3 2013 in Review

61 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2013, worth a combined $55.7M — up 29% from $43M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PFLT positions and 4 closed out — a net gain of 12 holders — while 33 added to existing stakes and 6 trimmed.

The largest buyer was Janney Montgomery Scott, adding an estimated $2.69M. The largest seller was TFS Capital, exiting entirely with an estimated $945K sold.

  • 61 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2013, up from 49 in Q2 2013.
  • Funds reported $55.7M of PennantPark Floating Rate Capital stock for Q3 2013, up 29% quarter-over-quarter.
  • 16 funds opened new PennantPark Floating Rate Capital positions in Q3 2013 and 4 closed out, a net change of +12 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q3 2013 was Janney Montgomery Scott, an estimated $2.69M added.
  • The largest PennantPark Floating Rate Capital seller in Q3 2013 was TFS Capital, an estimated $945K sold.

Based on aggregated 13F filings for Q3 2013.