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PennantPark Floating Rate Capital

50 hedge funds and large institutions have $44.5M invested in PennantPark Floating Rate Capital in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

4% more funds holding

Funds holding: 4850 (+2)

1% more capital invested

Capital invested by funds: $44.2M → $44.5M (+$275K)

Holders
50
Holders Change
+2
Holders Change %
+4.17%
% of All Funds
1.33%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
17
Reduced
11
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$6.5M +$4.3M +310,968 +205%
UBS Group
2
UBS Group
Switzerland
$4.24M +$465K +33,638 +13%
YMRC
3
Yorktown Management & Research Company
Virginia
$3.59M
Janney Montgomery Scott
4
Janney Montgomery Scott
Pennsylvania
$3.41M +$222K +16,063 +7%
Morgan Stanley
5
Morgan Stanley
New York
$2.87M +$426K +30,826 +18%
WFI
6
West Family Investments
California
$1.8M
MC
7
Muzinich & Co
New York
$1.79M
CIM
8
Confluence Investment Management
Missouri
$1.58M -$470K -34,000 -23%
TFCM
9
Taylor Frigon Capital Management
Arizona
$1.48M +$17.3K +1,251 +1%
UBS AM
10
UBS AM
Illinois
$1.46M -$28.4K -2,056 -2%
JIC
11
JRM Investment Counsel
Nebraska
$1.45M +$351K +25,403 +32%
HighTower Advisors
12
HighTower Advisors
Illinois
$1.15M +$21.4K +1,551 +2%
BG
13
BlackRock Group
United Kingdom
$1.1M +$179K +12,920 +20%
Stifel Financial
14
Stifel Financial
Missouri
$1.1M -$512K -37,066 -32%
TYCC
15
Texas Yale Capital Corp
Florida
$1.08M +$49.7K +3,593 +5%
OIA
16
Optimum Investment Advisors
Illinois
$854K -$110K -7,931 -12%
RVP
17
Relative Value Partners
Illinois
$851K +$80.1K +5,794 +11%
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$791K +$203K +14,705 +35%
CAS
19
Cue Advisory Services
Arizona
$775K
DCM
20
Dialectic Capital Management
Connecticut
$702K +$691K +50,000 New
Two Sigma Investments
21
Two Sigma Investments
New York
$665K +$462K +33,393 +239%
VFS
22
VSR Financial Services
Kansas
$640K -$20.7K -1,500 -3%
AWM
23
AllSquare Wealth Management
New York
$636K
CA
24
Corrado Advisors
New Jersey
$575K +$38.9K +2,810 +7%
ZB
25
Zions Bancorporation
Utah
$491K +$484K +35,000 New

PFLT Hedge Fund Activity: Q1 2015 in Review

50 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2015, worth a combined $44.5M — up 0.62% from $44.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PFLT positions and 8 closed out — a net gain of 2 holders — while 17 added to existing stakes and 11 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $4.3M. The largest seller was NWQ Investment Management Company, exiting entirely with an estimated $5.78M sold.

  • 50 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2015, up from 48 in Q4 2014.
  • Funds reported $44.5M of PennantPark Floating Rate Capital stock for Q1 2015, up 0.62% quarter-over-quarter.
  • 10 funds opened new PennantPark Floating Rate Capital positions in Q1 2015 and 8 closed out, a net change of +2 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q1 2015 was Advisors Asset Management, an estimated $4.3M added.
  • The largest PennantPark Floating Rate Capital seller in Q1 2015 was NWQ Investment Management Company, an estimated $5.78M sold.

Based on aggregated 13F filings for Q1 2015.