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PennantPark Floating Rate Capital
PFLT

48 hedge funds and large institutions have $44.2M invested in PennantPark Floating Rate Capital in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

16% more capital invested

Capital invested by funds: $38.3M → $44.2M (+$5.94M)

9% more funds holding

Funds holding: 44 → 48 (+4)

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
48
Holders Change
+4
Holders Change %
+9.09%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
12
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Advisors Asset Management
Colorado
+$2.11M
2
RVP
Relative Value Partners
Illinois
+$762K
3
CHAM
Clear Harbor Asset Management
Connecticut
+$353K
4
WFI
West Family Investments
California
+$347K
5
TYCC
Texas Yale Capital Corp
Florida
+$223K

Top Sellers

1
AIM
Allen Investment Management
New York
-$978K
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$951K
3
CIM
Confluence Investment Management
Missouri
-$627K
4
NIMC
NWQ Investment Management Company
California
-$475K
5
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
-$372K
Name Holding Trade Value Shares
Change 		Change in
Stake
NIMC
1
NWQ Investment Management Company
California
$5.78M -$475K -34,199 -8%
UBS Group
2
UBS Group
Switzerland
$3.68M +$3.73M +268,307 New
YMRC
3
Yorktown Management & Research Company
Virginia
$3.52M – – –
Janney Montgomery Scott
4
Janney Montgomery Scott
Pennsylvania
$3.12M -$331K -23,856 -10%
Morgan Stanley
5
Morgan Stanley
New York
$2.38M +$95.9K +6,903 +4%
AAM
6
Advisors Asset Management
Colorado
$2.09M +$2.11M +151,971 New
CIM
7
Confluence Investment Management
Missouri
$2.01M -$627K -45,153 -24%
WFI
8
West Family Investments
California
$1.76M +$347K +24,970 +24%
MC
9
Muzinich & Co
New York
$1.76M +$1.78M +128,008 New
Stifel Financial
10
Stifel Financial
Missouri
$1.59M -$88.1K -6,345 -5%
UBS AM
11
UBS AM
Illinois
$1.46M +$48.9K +3,517 +3%
TFCM
12
Taylor Frigon Capital Management
Arizona
$1.43M +$1.44M +103,760 New
HighTower Advisors
13
HighTower Advisors
Illinois
$1.11M +$20.7K +1,490 +2%
JIC
14
JRM Investment Counsel
Nebraska
$1.07M +$1.09M +78,218 New
TYCC
15
Texas Yale Capital Corp
Florida
$1M +$223K +16,026 +28%
BG
16
BlackRock Group
United Kingdom
$900K -$120K -8,637 -12%
OIA
17
Optimum Investment Advisors
Illinois
$828K +$129K +9,305 +16%
CAS
18
Cue Advisory Services
Arizona
$761K +$769K +55,400 New
RVP
19
Relative Value Partners
Illinois
$753K +$762K +54,852 New
AW
20
ACG Wealth
Georgia
$744K +$1.25K +90 +0.2%
VFS
21
VSR Financial Services
Kansas
$647K -$9.86K -710 -1%
Goldman Sachs
22
Goldman Sachs
New York
$635K -$255K -18,381 -28%
AWM
23
AllSquare Wealth Management
New York
$622K +$629K +45,300 New
CG
24
Caprock Group
Idaho
$618K +$625K +45,006 New
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$572K +$18.8K +1,353 +3%
1
2 3

PFLT Hedge Fund Activity: Q4 2014 in Review

48 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2014, worth a combined $44.2M — up 16% from $38.3M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PFLT positions and 8 closed out — a net gain of 7 holders — while 12 added to existing stakes and 16 trimmed.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $2.11M. The largest seller was Allen Investment Management, cutting an estimated $978K.

  • 48 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2014, up from 44 in Q3 2014.
  • Funds reported $44.2M of PennantPark Floating Rate Capital stock for Q4 2014, up 16% quarter-over-quarter.
  • 15 funds opened new PennantPark Floating Rate Capital positions in Q4 2014 and 8 closed out, a net change of +7 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q4 2014 was Advisors Asset Management, an estimated $2.11M added.
  • The largest PennantPark Floating Rate Capital seller in Q4 2014 was Allen Investment Management, an estimated $978K sold.

Based on aggregated 13F filings for Q4 2014.