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PennantPark Floating Rate Capital
PFLT

44 hedge funds and large institutions have $38.3M invested in PennantPark Floating Rate Capital in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

17% less funds holding

Funds holding: 53 → 44 (-9)

25% less capital invested

Capital invested by funds: $51.3M → $38.3M (-$13.1M)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
44
Holders Change
-9
Holders Change %
-16.98%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
16
Reduced
13
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NIMC
NWQ Investment Management Company
California
+$1.84M
2
TYCC
Texas Yale Capital Corp
Florida
+$806K
3
DCM
Driehaus Capital Management
Illinois
+$369K
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$334K
5
Goldman Sachs
Goldman Sachs
New York
+$198K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$3.53M
2
Northern Trust
Northern Trust
Illinois
-$1.65M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.6M
4
Deutsche Bank
Deutsche Bank
Germany
-$1.41M
5
PP
Paloma Partners
Connecticut
-$905K
Name Holding Trade Value Shares
Change 		Change in
Stake
NIMC
1
NWQ Investment Management Company
California
$6.27M +$1.84M +130,385 +40%
YMRC
2
Yorktown Management & Research Company
Virginia
$3.53M – – –
Janney Montgomery Scott
3
Janney Montgomery Scott
Pennsylvania
$3.46M +$84.7K +6,011 +2%
U
4
UBS
Switzerland
$3.45M +$944 +67 +0%
CIM
5
Confluence Investment Management
Missouri
$2.64M -$532K -37,751 -16%
Morgan Stanley
6
Morgan Stanley
New York
$2.3M -$3.53M -250,406 -60%
Stifel Financial
7
Stifel Financial
Missouri
$1.68M +$92.7K +6,579 +6%
WFI
8
West Family Investments
California
$1.42M +$134K +9,504 +10%
UBS AM
9
UBS AM
Illinois
$1.42M -$13.7K -969 -0.9%
AIM
10
Allen Investment Management
New York
$1.14M -$162K -11,517 -12%
HighTower Advisors
11
HighTower Advisors
Illinois
$1.09M +$20.5K +1,452 +2%
BG
12
BlackRock Group
United Kingdom
$1.02M -$166K -11,768 -14%
Goldman Sachs
13
Goldman Sachs
New York
$890K +$198K +14,086 +28%
OIA
14
Optimum Investment Advisors
Illinois
$842K +$191K +13,570 +30%
TYCC
15
Texas Yale Capital Corp
Florida
$788K +$806K +57,175 New
AW
16
ACG Wealth
Georgia
$745K -$535K -37,995 -41%
VFS
17
VSR Financial Services
Kansas
$659K -$28.2K -2,000 -4%
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$555K +$65.5K +4,650 +13%
CA
19
Corrado Advisors
New Jersey
$545K +$14.9K +1,055 +3%
MERSOM
20
Municipal Employees' Retirement System of Michigan
Michigan
$372K – – –
BP
21
BBR Partners
New York
$361K – – –
DCM
22
Driehaus Capital Management
Illinois
$361K +$369K +26,200 New
Millennium Management
23
Millennium Management
New York
$357K -$375K -26,622 -51%
Two Sigma Advisers
24
Two Sigma Advisers
New York
$327K +$334K +23,700 New
Two Sigma Investments
25
Two Sigma Investments
New York
$313K -$607K -43,057 -65%
1
2 3

PFLT Hedge Fund Activity: Q3 2014 in Review

44 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2014, worth a combined $38.3M — down 25% from $51.3M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFLT and 6 opened new positions — a net loss of 9 holders — while 13 trimmed existing stakes and 16 added.

The largest buyer was NWQ Investment Management Company, adding an estimated $1.84M. The largest seller was Morgan Stanley, cutting an estimated $3.53M.

  • 44 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2014, down from 53 in Q2 2014.
  • Funds reported $38.3M of PennantPark Floating Rate Capital stock for Q3 2014, down 25% quarter-over-quarter.
  • 6 funds opened new PennantPark Floating Rate Capital positions in Q3 2014 and 15 closed out, a net change of -9 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q3 2014 was NWQ Investment Management Company, an estimated $1.84M added.
  • The largest PennantPark Floating Rate Capital seller in Q3 2014 was Morgan Stanley, an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2014.