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PennantPark Floating Rate Capital

43 hedge funds and large institutions have $46.7M invested in PennantPark Floating Rate Capital in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

5% more capital invested

Capital invested by funds: $44.5M → $46.7M (+$2.2M)

14% less funds holding

Funds holding: 5043 (-7)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
43
Holders Change
-7
Holders Change %
-14%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
16
Reduced
11
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$9.57M +$3.2M +226,730 +49%
UBS Group
2
UBS Group
Switzerland
$3.99M -$202K -14,311 -5%
Morgan Stanley
3
Morgan Stanley
New York
$3.83M +$1.01M +71,791 +35%
YMRC
4
Yorktown Management & Research Company
Virginia
$3.55M
Janney Montgomery Scott
5
Janney Montgomery Scott
Pennsylvania
$3.28M -$100K -7,080 -3%
MC
6
Muzinich & Co
New York
$1.83M +$54.3K +3,842 +3%
WFI
7
West Family Investments
California
$1.78M
UBS AM
8
UBS AM
Illinois
$1.48M +$30.8K +2,182 +2%
JIC
9
JRM Investment Counsel
Nebraska
$1.46M +$19.8K +1,400 +1%
TFCM
10
Taylor Frigon Capital Management
Arizona
$1.21M -$269K -19,071 -18%
HighTower Advisors
11
HighTower Advisors
Illinois
$1.16M +$22.9K +1,623 +2%
TYCC
12
Texas Yale Capital Corp
Florida
$1.16M +$91.8K +6,500 +8%
CIM
13
Confluence Investment Management
Missouri
$1.15M -$421K -29,785 -26%
Stifel Financial
14
Stifel Financial
Missouri
$1.14M +$50.8K +3,595 +5%
RVPG
15
Relative Value Partners Group
$1.08M +$1.1M +78,084 New
BG
16
BlackRock Group
United Kingdom
$1.06M -$34K -2,406 -3%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$947K +$168K +11,891 +21%
CAS
18
Cue Advisory Services
Arizona
$851K +$83.3K +5,900 +11%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$746K +$475K +33,600 +167%
Two Sigma Investments
20
Two Sigma Investments
New York
$644K -$13.7K -970 -2%
CA
21
Corrado Advisors
New Jersey
$641K +$73.4K +5,200 +13%
VFS
22
VSR Financial Services
Kansas
$633K
AWM
23
AllSquare Wealth Management
New York
$629K
MCM
24
McKinley Capital Management
Alaska
$502K +$511K +36,187 New
BP
25
BBR Partners
New York
$364K

PFLT Hedge Fund Activity: Q2 2015 in Review

43 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2015, worth a combined $46.7M — up 4.9% from $44.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PFLT and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Advisors Asset Management, adding an estimated $3.2M. The largest seller was Dialectic Capital Management, exiting entirely with an estimated $702K sold.

  • 43 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2015, down from 50 in Q1 2015.
  • Funds reported $46.7M of PennantPark Floating Rate Capital stock for Q2 2015, up 4.9% quarter-over-quarter.
  • 4 funds opened new PennantPark Floating Rate Capital positions in Q2 2015 and 9 closed out, a net change of -5 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q2 2015 was Advisors Asset Management, an estimated $3.2M added.
  • The largest PennantPark Floating Rate Capital seller in Q2 2015 was Dialectic Capital Management, an estimated $702K sold.

Based on aggregated 13F filings for Q2 2015.