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PJT Partners
PJT

218 hedge funds and large institutions have $569M invested in PJT Partners in 2018 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 44 increasing their positions, 53 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 22

11% more capital invested

Capital invested by funds: $511M → $569M (+$57.7M)

9% more funds holding

Funds holding: 200 → 218 (+18)

1% less ownership

Funds ownership: 60.28% → 59.27% (-1%)

17% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 53

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $260K

Holders
218
Holders Change
+18
Holders Change %
+9%
% of All Funds
5%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
44
Increased
44
Reduced
53
Closed
22
Calls
–
Puts
$260K
Net Calls
-$260K
Net Calls Change
-$2.76M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$16.3M
2
Renaissance Technologies
Renaissance Technologies
New York
+$9.17M
3
EAM
Eagle Asset Management
Florida
+$8.84M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$5.12M
5
ACL
Azora Capital LP
Florida
+$4.39M

Top Sellers

1
SC
Sessa Capital
New York
-$12.3M
2
KCM
Kingstown Capital Management
New York
-$11.4M
3
UM
Ulysses Management
New York
-$7.76M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$7.47M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$5.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
JIM
26
Jupiter Investment Management
United Kingdom
$4.47M +$1.14M +23,601 +36%
Bank of America
27
Bank of America
North Carolina
$4.19M +$1.2M +24,941 +42%
Charles Schwab
28
Charles Schwab
California
$4.17M +$116K +2,413 +3%
Deutsche Bank
29
Deutsche Bank
Germany
$3.48M +$1.27M +26,333 +61%
UM
30
Ulysses Management
New York
$3.37M -$7.76M -160,979 -71%
MPAM
31
Monarch Partners Asset Management
Massachusetts
$3.2M +$3.08M +63,874 New
MAM
32
Martingale Asset Management
Massachusetts
$2.95M -$91.6K -1,900 -3%
Acadian Asset Management
33
Acadian Asset Management
Massachusetts
$2.82M +$2.71M +56,208 New
Wells Fargo
34
Wells Fargo
California
$2.78M +$315K +6,529 +13%
AQR Capital Management
35
AQR Capital Management
Connecticut
$2.7M +$164K +3,409 +7%
AMG
36
Asset Management Group
Connecticut
$2.5M – – –
TCIM
37
TIAA CREF Investment Management
New York
$2.23M – – –
AAMU
38
AEGON Asset Management (UK)
United Kingdom
$2.17M – – –
OAM
39
Oxford Asset Management
United Kingdom
$2.13M +$794K +16,471 +63%
HA
40
Harbor Advisors
Florida
$2.08M – – –
Two Sigma Advisers
41
Two Sigma Advisers
New York
$1.88M +$516K +10,700 +40%
UBS Group
42
UBS Group
Switzerland
$1.88M -$129K -2,677 -7%
RJA
43
Raymond James & Associates
Florida
$1.8M -$3.04K -63 -0.2%
PI
44
Putnam Investments
Massachusetts
$1.7M -$17.4K -360 -1%
TA
45
Teachers Advisors
New York
$1.69M – – –
D.E. Shaw & Co
46
D.E. Shaw & Co
New York
$1.59M -$1.16M -24,094 -43%
EFEM
47
Eos Focused Equity Management
New York
$1.57M -$2.48M -51,514 -62%
Swiss National Bank
48
Swiss National Bank
Switzerland
$1.5M – – –
Ohio Public Employees Retirement System (OPERS)
49
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.46M -$218K -4,514 -13%
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$1.38M -$46.6K -966 -3%
1
2
3 4 5

PJT Hedge Fund Activity: Q1 2018 in Review

218 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q1 2018, worth a combined $569M — up 11% from $511M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PJT positions and 22 closed out — a net gain of 22 holders — while 44 added to existing stakes and 53 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $16.3M. The largest seller was Sessa Capital, cutting an estimated $12.3M.

  • 218 institutional investors held PJT Partners (PJT) as of Q1 2018, up from 200 in Q4 2017.
  • Funds reported $569M of PJT Partners stock for Q1 2018, up 11% quarter-over-quarter.
  • 44 funds opened new PJT Partners positions in Q1 2018 and 22 closed out, a net change of +22 holders.
  • The largest PJT Partners buyer in Q1 2018 was Fidelity Investments, an estimated $16.3M added.
  • The largest PJT Partners seller in Q1 2018 was Sessa Capital, an estimated $12.3M sold.

Based on aggregated 13F filings for Q1 2018.