PennantPark Floating Rate Capital
PFLT
96 hedge funds and large institutions have $173M invested in PennantPark Floating Rate Capital in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 33 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
4% more funds holding
Funds holding: 92 → 96 (+4)
1.36% less ownership
Funds ownership: 36.09% → 34.72% (-1.4%)
5% less capital invested
Capital invested by funds: $183M → $173M (-$9.89M)
33% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 33
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
90% less call options, than puts
Call options by funds: $68K | Put options by funds: $704K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$1.9M |
| 2 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$1.77M |
| 3 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$1.21M |
| 4 |
VF
Virtu Financial
New York
|
+$365K |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$292K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$5.4M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.09M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$1.13M |
| 4 |
Two Sigma Advisers
New York
|
-$834K |
| 5 |
BlackRock
New York
|
-$556K |
PFLT Hedge Fund Activity: Q2 2018 in Review
96 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q2 2018, worth a combined $173M — down 5.4% from $183M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFLT positions and 6 closed out — a net gain of 5 holders — while 22 added to existing stakes and 33 trimmed.
The largest buyer was Advisory Research, opening a new position worth an estimated $1.9M. The largest seller was Muzinich & Co, cutting an estimated $5.4M.
- 96 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q2 2018, up from 92 in Q1 2018.
- Funds reported $173M of PennantPark Floating Rate Capital stock for Q2 2018, down 5.4% quarter-over-quarter.
- 11 funds opened new PennantPark Floating Rate Capital positions in Q2 2018 and 6 closed out, a net change of +5 holders.
- The largest PennantPark Floating Rate Capital buyer in Q2 2018 was Advisory Research, an estimated $1.9M added.
- The largest PennantPark Floating Rate Capital seller in Q2 2018 was Muzinich & Co, an estimated $5.4M sold.
Based on aggregated 13F filings for Q2 2018.