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PJT Partners
PJT

200 hedge funds and large institutions have $511M invested in PJT Partners in 2017 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 44 increasing their positions, 49 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

590% more call options, than puts

Call options by funds: $2.92M | Put options by funds: $424K

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

55% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 22

23% more capital invested

Capital invested by funds: $416M → $511M (+$95.6M)

6% more funds holding

Funds holding: 188 → 200 (+12)

1.69% more ownership

Funds ownership: 58.58% → 60.28% (+1.7%)

10% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 49

Holders
200
Holders Change
+12
Holders Change %
+6.38%
% of All Funds
4.54%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
34
Increased
44
Reduced
49
Closed
22
Calls
$2.92M
Puts
$424K
Net Calls
+$2.5M
Net Calls Change
+$1.13M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$10.3M
2
EAM
Eagle Asset Management
Florida
+$5M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$4.34M
4
UONDDL
University of Notre Dame du Lac
Indiana
+$2.36M
5
Morgan Stanley
Morgan Stanley
New York
+$2.3M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$8.27M
2
Renaissance Technologies
Renaissance Technologies
New York
-$3.76M
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
-$3.63M
4
Prudential Financial
Prudential Financial
New Jersey
-$1.71M
5
SC
Sessa Capital
New York
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
26
Prospector Partners
Connecticut
$5.18M -$118K -2,900 -2%
New York State Common Retirement Fund
27
New York State Common Retirement Fund
New York
$4.89M – – –
Bank of New York Mellon
28
Bank of New York Mellon
New York
$4.04M +$25K +615 +0.7%
EFEM
29
Eos Focused Equity Management
New York
$3.78M +$472K +11,600 +16%
Charles Schwab
30
Charles Schwab
California
$3.68M +$168K +4,140 +5%
JIM
31
Jupiter Investment Management
United Kingdom
$3M +$2M +49,225 +298%
MAM
32
Martingale Asset Management
Massachusetts
$2.77M -$248K -6,100 -9%
Bank of America
33
Bank of America
North Carolina
$2.68M -$136K -3,346 -5%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$2.54M -$138K -3,392 -6%
AQR Capital Management
35
AQR Capital Management
Connecticut
$2.3M +$329K +8,102 +19%
AMG
36
Asset Management Group
Connecticut
$2.27M – – –
Wells Fargo
37
Wells Fargo
California
$2.23M -$502K -12,349 -20%
JP Morgan Chase
38
JP Morgan Chase
New York
$2.03M -$360K -8,847 -17%
TCIM
39
TIAA CREF Investment Management
New York
$2.03M -$140K -3,453 -7%
AAMU
40
AEGON Asset Management (UK)
United Kingdom
$1.98M -$164K -4,025 -9%
Deutsche Bank
41
Deutsche Bank
Germany
$1.96M +$589K +14,498 +51%
HA
42
Harbor Advisors
Florida
$1.89M – – –
UBS Group
43
UBS Group
Switzerland
$1.83M +$125K +3,087 +8%
ACL
44
Azora Capital LP
Florida
$1.83M +$1.63M +40,131 New
RJA
45
Raymond James & Associates
Florida
$1.64M +$772 +19 +0.1%
PI
46
Putnam Investments
Massachusetts
$1.56M +$1.39M +34,295 New
TA
47
Teachers Advisors
New York
$1.54M +$22.2K +546 +2%
Ohio Public Employees Retirement System (OPERS)
48
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.54M – – –
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.37M +$81.3K +2,000 +7%
Two Sigma Investments
50
Two Sigma Investments
New York
$1.36M +$1.21M +29,834 New
1
2
3 4 5

PJT Hedge Fund Activity: Q4 2017 in Review

200 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q4 2017, worth a combined $511M — up 23% from $416M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PJT positions and 22 closed out — a net gain of 12 holders — while 44 added to existing stakes and 49 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $10.3M. The largest seller was Millennium Management, cutting an estimated $8.27M.

  • 200 institutional investors held PJT Partners (PJT) as of Q4 2017, up from 188 in Q3 2017.
  • Funds reported $511M of PJT Partners stock for Q4 2017, up 23% quarter-over-quarter.
  • 34 funds opened new PJT Partners positions in Q4 2017 and 22 closed out, a net change of +12 holders.
  • The largest PJT Partners buyer in Q4 2017 was Fidelity Investments, an estimated $10.3M added.
  • The largest PJT Partners seller in Q4 2017 was Millennium Management, an estimated $8.27M sold.

Based on aggregated 13F filings for Q4 2017.