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PennantPark Floating Rate Capital

57 hedge funds and large institutions have $55.1M invested in PennantPark Floating Rate Capital in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

1% less capital invested

Capital invested by funds: $55.7M → $55.1M (-$545K)

7% less funds holding

Funds holding: 6157 (-4)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
57
Holders Change
-4
Holders Change %
-6.56%
% of All Funds
1.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
20
Reduced
17
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.74M +$192K +14,173 +2%
BFA
2
BlackRock Fund Advisors
California
$5.64M -$219K -16,205 -4%
Millennium Management
3
Millennium Management
New York
$4.94M -$92.4K -6,827 -2%
CIM
4
Confluence Investment Management
Missouri
$4.13M
YMRC
5
Yorktown Management & Research Company
Virginia
$3.52M +$82K +6,058 +2%
Janney Montgomery Scott
6
Janney Montgomery Scott
Pennsylvania
$3.12M -$215K -15,848 -7%
Northern Trust
7
Northern Trust
Illinois
$2.35M +$512K +37,807 +28%
State Street
8
State Street
Massachusetts
$2.11M +$234K +17,292 +13%
BIT
9
BlackRock Institutional Trust
California
$2.07M -$153K -11,288 -7%
Vanguard Group
10
Vanguard Group
Pennsylvania
$1.46M +$13.9K +1,028 +1%
UBS AM
11
UBS AM
Illinois
$1.46M -$16K -1,185 -1%
AW
12
ACG Wealth
Georgia
$1.29M -$106K -7,841 -8%
WFI
13
West Family Investments
California
$1.28M +$459K +33,916 +57%
BG
14
BlackRock Group
United Kingdom
$1.13M +$28.9K +2,136 +3%
U
15
UBS
Switzerland
$880K +$732K +54,060 +540%
FNYS
16
First New York Securities
New York
$869K -$65K -4,800 -7%
TCIM
17
TIAA CREF Investment Management
New York
$856K
DCM
18
Dialectic Capital Management
Connecticut
$687K -$647K -47,788 -49%
BIM
19
BlackRock Investment Management
Delaware
$674K +$3.59K +265 +0.5%
VFS
20
VSR Financial Services
Kansas
$656K +$123K +9,100 +24%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$636K +$84.6K +6,252 +16%
HighTower Advisors
22
HighTower Advisors
Illinois
$616K +$20.3K +1,500 +3%
JP Morgan Chase
23
JP Morgan Chase
New York
$612K -$249K -18,407 -29%
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$582K -$292K -21,547 -34%
CA
25
Corrado Advisors
New Jersey
$461K +$190K +13,999 +72%

PFLT Hedge Fund Activity: Q4 2013 in Review

57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2013, worth a combined $55.1M — down 0.98% from $55.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PFLT and 6 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 20 added.

The largest buyer was UBS, adding an estimated $732K. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $1.04M.

  • 57 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2013, down from 61 in Q3 2013.
  • Funds reported $55.1M of PennantPark Floating Rate Capital stock for Q4 2013, down 0.98% quarter-over-quarter.
  • 6 funds opened new PennantPark Floating Rate Capital positions in Q4 2013 and 9 closed out, a net change of -3 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q4 2013 was UBS, an estimated $732K added.
  • The largest PennantPark Floating Rate Capital seller in Q4 2013 was Manulife (Manufacturers Life Insurance), an estimated $1.04M sold.

Based on aggregated 13F filings for Q4 2013.