PennantPark Floating Rate Capital
PFLT
57 hedge funds and large institutions have $58.3M 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.
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
3% less capital invested
Capital invested by funds: $59.9M → $58.3M (-$1.62M)
7% less funds holding
Funds holding: 61 → 57 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$732K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$512K |
| 3 |
WFI
West Family Investments
Carlsbad,
California
|
+$459K |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$308K |
| 5 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$308K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$1.04M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$785K |
| 3 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$647K |
| 4 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$457K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$292K |
PFLT Hedge Fund Activity: Q4 2013 in Review
57 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2013, worth a combined $58.3M — down 2.7% from $59.9M 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 $58.3M of PennantPark Floating Rate Capital stock for Q4 2013, down 2.7% 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.