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PennantPark Floating Rate Capital
PFLT

53 hedge funds and large institutions have $51.3M invested in PennantPark Floating Rate Capital in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 54 → 53 (-1)

7% less capital invested

Capital invested by funds: $55.1M → $51.3M (-$3.71M)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
18
Increased
16
Reduced
10
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
U
UBS
Switzerland
+$3.37M
2
Deutsche Bank
Deutsche Bank
Germany
+$1.26M
3
Two Sigma Investments
Two Sigma Investments
New York
+$911K
4
PP
Paloma Partners
Connecticut
+$877K
5
Goldman Sachs
Goldman Sachs
New York
+$700K

Top Sellers

1
BFA
BlackRock Fund Advisors
California
-$5.74M
2
Millennium Management
Millennium Management
New York
-$2.88M
3
State Street
State Street
Massachusetts
-$2.38M
4
BIT
BlackRock Institutional Trust
California
-$2.03M
5
Morgan Stanley
Morgan Stanley
New York
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$5.96M -$1.41M -101,905 -20%
NIMC
2
NWQ Investment Management Company
California
$4.64M – – –
YMRC
3
Yorktown Management & Research Company
Virginia
$3.66M – – –
U
4
UBS
Switzerland
$3.58M +$3.37M +243,629 +3,739%
Janney Montgomery Scott
5
Janney Montgomery Scott
Pennsylvania
$3.5M +$276K +19,958 +9%
CIM
6
Confluence Investment Management
Missouri
$3.28M -$249K -17,966 -7%
Manulife (Manufacturers Life Insurance)
7
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.64M +$321K +23,157 +14%
Northern Trust
8
Northern Trust
Illinois
$1.65M -$521K -37,642 -25%
Stifel Financial
9
Stifel Financial
Missouri
$1.65M +$454K +32,780 +40%
UBS AM
10
UBS AM
Illinois
$1.48M -$5.26K -380 -0.4%
Deutsche Bank
11
Deutsche Bank
Germany
$1.41M +$1.26M +90,684 +1,116%
AIM
12
Allen Investment Management
New York
$1.35M +$592K +42,731 +83%
WFI
13
West Family Investments
California
$1.34M – – –
AW
14
ACG Wealth
Georgia
$1.32M -$91.2K -6,586 -7%
BG
15
BlackRock Group
United Kingdom
$1.23M -$69.7K -5,033 -6%
HighTower Advisors
16
HighTower Advisors
Illinois
$1.11M +$20K +1,446 +2%
Two Sigma Investments
17
Two Sigma Investments
New York
$940K +$911K +65,757 New
PP
18
Paloma Partners
Connecticut
$905K +$877K +63,325 New
Millennium Management
19
Millennium Management
New York
$751K -$2.88M -208,269 -80%
Goldman Sachs
20
Goldman Sachs
New York
$722K +$700K +50,523 New
VFS
21
VSR Financial Services
Kansas
$712K +$27.7K +2,000 +4%
OIA
22
Optimum Investment Advisors
Illinois
$656K +$607K +43,835 +2,123%
COPPSERS
23
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$614K +$595K +42,944 New
CS
24
Credit Suisse
Switzerland
$580K +$563K +40,619 New
CA
25
Corrado Advisors
New Jersey
$550K +$38.9K +2,809 +8%
1
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PFLT Hedge Fund Activity: Q2 2014 in Review

53 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2014, worth a combined $51.3M — down 6.7% from $55.1M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFLT and 18 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 16 added.

The largest buyer was UBS, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $5.74M sold.

  • 53 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2014, down from 54 in Q1 2014.
  • Funds reported $51.3M of PennantPark Floating Rate Capital stock for Q2 2014, down 6.7% quarter-over-quarter.
  • 18 funds opened new PennantPark Floating Rate Capital positions in Q2 2014 and 19 closed out, a net change of -1 holder.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2014 was UBS, an estimated $3.37M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2014 was BlackRock Fund Advisors, an estimated $5.74M sold.

Based on aggregated 13F filings for Q2 2014.