PennantPark Floating Rate Capital
PFLT
70 hedge funds and large institutions have $109M invested in PennantPark Floating Rate Capital in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 6 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
10% more capital invested
Capital invested by funds: $98.7M → $109M (+$10.2M)
0% more funds holding
Funds holding: 70 → 70 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$4.06M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.93M |
| 3 |
MC
Muzinich & Co
New York
|
+$2.1M |
| 4 |
WFI
West Family Investments
Carlsbad,
California
|
+$503K |
| 5 |
Millennium Management
New York
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.93M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.09M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$682K |
| 4 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$412K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$366K |
PFLT Hedge Fund Activity: Q3 2016 in Review
70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q3 2016, worth a combined $109M — up 10% from $98.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PFLT positions and 6 closed out — a net gain of 2 holders — while 29 added to existing stakes and 19 trimmed.
The largest buyer was Ares Management, adding an estimated $4.06M. The largest seller was Morgan Stanley, cutting an estimated $5.93M.
- 70 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $109M of PennantPark Floating Rate Capital stock for Q3 2016, up 10% quarter-over-quarter.
- 8 funds opened new PennantPark Floating Rate Capital positions in Q3 2016 and 6 closed out, a net change of +2 holders.
- The largest PennantPark Floating Rate Capital buyer in Q3 2016 was Ares Management, an estimated $4.06M added.
- The largest PennantPark Floating Rate Capital seller in Q3 2016 was Morgan Stanley, an estimated $5.93M sold.
Based on aggregated 13F filings for Q3 2016.