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PennantPark Floating Rate Capital
PFLT

89 hedge funds and large institutions have $182M invested in PennantPark Floating Rate Capital in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 38 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 17

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

22% more capital invested

Capital invested by funds: $149M → $182M (+$32.7M)

13% more funds holding

Funds holding: 79 → 89 (+10)

2.17% more ownership

Funds ownership: 32.37% → 34.54% (+2.2%)

Holders
89
Holders Change
+10
Holders Change %
+12.66%
% of All Funds
2.02%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
21
Increased
38
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AM
Ares Management
California
+$4.09M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.39M
3
PRCP
Pacific Ridge Capital Partners
Oregon
+$2.26M
4
PC
Polar Capital
United Kingdom
+$1.82M
5
Legal & General Group
Legal & General Group
United Kingdom
+$1.73M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$1.77M
2
MC
Muzinich & Co
New York
-$1.53M
3
Macquarie Group
Macquarie Group
Australia
-$740K
4
Goldman Sachs
Goldman Sachs
New York
-$588K
5
NFA
Nuveen Fund Advisors
Illinois
-$467K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
1
Muzinich & Co
New York
$18.2M -$1.53M -108,548 -8%
UBS Group
2
UBS Group
Switzerland
$12.5M +$1.26M +89,559 +11%
PAIM
3
Punch & Associates Investment Management
Minnesota
$10.3M -$335K -23,767 -3%
SIS
4
Sound Income Strategies
Florida
$10.1M +$11.1M +789,542 New
PC
5
Polar Capital
United Kingdom
$9.4M +$1.82M +129,250 +23%
AM
6
Ares Management
California
$7.28M +$4.09M +290,000 +121%
LCP
7
LGT Capital Partners
Switzerland
$6.86M +$705K +50,000 +11%
Janney Montgomery Scott
8
Janney Montgomery Scott
Pennsylvania
$6.67M -$84.8K -6,014 -1%
Morgan Stanley
9
Morgan Stanley
New York
$6.45M +$333K +23,606 +5%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$5.93M +$2.39M +169,727 +65%
PRCP
11
Pacific Ridge Capital Partners
Oregon
$5.26M +$2.26M +160,050 +72%
AAM
12
Advisors Asset Management
Colorado
$5.13M +$365K +25,877 +7%
AS
13
Altshuler Shaham
Israel
$5.03M +$4.98M +353,530 New
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$4.34M -$154K -10,933 -3%
RVPG
15
Relative Value Partners Group
$4.2M +$664K +47,068 +18%
VanEck Associates
16
VanEck Associates
New York
$4.08M +$713K +50,563 +20%
WFI
17
West Family Investments
California
$3.38M +$460K +32,621 +15%
Two Sigma Advisers
18
Two Sigma Advisers
New York
$3.29M +$417K +29,600 +14%
JP Morgan Chase
19
JP Morgan Chase
New York
$3.2M +$1.26M +89,091 +62%
Stifel Financial
20
Stifel Financial
Missouri
$3.02M +$793K +56,261 +34%
Two Sigma Investments
21
Two Sigma Investments
New York
$2.93M +$863K +61,209 +40%
BlackRock
22
BlackRock
New York
$2.85M +$234K +16,631 +9%
GIM
23
Greenwich Investment Management
Connecticut
$2.55M +$11.6K +823 +0.4%
BRF
24
B. Riley Financial
California
$2.54M +$41.6K +2,951 +2%
CIM
25
Confluence Investment Management
Missouri
$2.36M +$8.78K +623 +0.4%
1
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PFLT Hedge Fund Activity: Q4 2017 in Review

89 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q4 2017, worth a combined $182M — up 22% from $149M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PFLT positions and 10 closed out — a net gain of 11 holders — while 38 added to existing stakes and 17 trimmed.

The largest buyer was Ares Management, adding an estimated $4.09M. The largest seller was Millennium Management, exiting entirely with an estimated $1.77M sold.

  • 89 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q4 2017, up from 79 in Q3 2017.
  • Funds reported $182M of PennantPark Floating Rate Capital stock for Q4 2017, up 22% quarter-over-quarter.
  • 21 funds opened new PennantPark Floating Rate Capital positions in Q4 2017 and 10 closed out, a net change of +11 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q4 2017 was Ares Management, an estimated $4.09M added.
  • The largest PennantPark Floating Rate Capital seller in Q4 2017 was Millennium Management, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2017.