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PJT Partners
PJT

206 hedge funds and large institutions have $687M invested in PJT Partners in 2018 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 66 increasing their positions, 47 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 47

21% more capital invested

Capital invested by funds: $569M → $687M (+$118M)

3.54% more ownership

Funds ownership: 59.27% → 62.81% (+3.5%)

6% less funds holding

Funds holding: 218 → 206 (-12)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

32% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 34

70% less call options, than puts

Call options by funds: $218K | Put options by funds: $725K

Holders
206
Holders Change
-12
Holders Change %
-5.5%
% of All Funds
4.72%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
23
Increased
66
Reduced
47
Closed
34
Calls
$218K
Puts
$725K
Net Calls
-$507K
Net Calls Change
-$247K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$44.7M
2
EAM
Eagle Asset Management
Florida
+$29.5M
3
CTA
Carillon Tower Advisers
Florida
+$14.1M
4
BlackRock
BlackRock
New York
+$12.9M
5
Renaissance Technologies
Renaissance Technologies
New York
+$10.5M

Top Sellers

Rank Fund Capital Flow
1
SC
Sessa Capital
New York
-$16.3M
2
Millennium Management
Millennium Management
New York
-$8.92M
3
ACL
Azora Capital LP
Florida
-$6.58M
4
MCM
Maltese Capital Management
New York
-$4.39M
5
UM
Ulysses Management
New York
-$3.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$4.19M +$493K +9,001 +13%
SIM
27
Spark Investment Management
New York
$4.01M +$4.11M +75,100 New
Bank of America
28
Bank of America
North Carolina
$3.88M -$604K -11,039 -13%
EI
29
EAM Investors
California
$3.73M +$3.83M +69,926 New
SCA
30
Secor Capital Advisors
New York
$3.63M +$3.72M +68,020 New
MPAM
31
Monarch Partners Asset Management
Massachusetts
$3.37M -$46.2K -845 -1%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$3.32M +$1.34M +24,500 +65%
MAM
33
Martingale Asset Management
Massachusetts
$3.23M +$87.6K +1,601 +3%
UBS Group
34
UBS Group
Switzerland
$3.12M +$1.15M +20,965 +56%
Goldman Sachs
35
Goldman Sachs
New York
$2.67M +$1.94M +35,383 +242%
AMG
36
Asset Management Group
Connecticut
$2.66M – – –
Wells Fargo
37
Wells Fargo
California
$2.48M -$493K -9,012 -16%
BIM
38
Bogle Investment Management
Massachusetts
$2.46M +$2.26M +41,262 +848%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$2.36M +$2.4M +43,891 +17,627%
TCIM
40
TIAA CREF Investment Management
New York
$2.3M -$71.5K -1,307 -3%
PPA
41
Parametric Portfolio Associates
Washington
$2.29M +$953K +17,406 +68%
HA
42
Harbor Advisors
Florida
$2.22M – – –
TA
43
Teachers Advisors
New York
$1.97M +$173K +3,157 +9%
AAMU
44
AEGON Asset Management (UK)
United Kingdom
$1.96M -$365K -6,663 -15%
Prudential Financial
45
Prudential Financial
New Jersey
$1.87M +$443K +8,093 +30%
D.E. Shaw & Co
46
D.E. Shaw & Co
New York
$1.84M +$155K +2,830 +9%
PI
47
Putnam Investments
Massachusetts
$1.81M – – –
RJA
48
Raymond James & Associates
Florida
$1.79M -$131K -2,397 -7%
Ohio Public Employees Retirement System (OPERS)
49
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.76M +$205K +3,744 +13%
Swiss National Bank
50
Swiss National Bank
Switzerland
$1.71M +$109K +2,000 +7%
1
2
3 4 5

PJT Hedge Fund Activity: Q2 2018 in Review

206 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q2 2018, worth a combined $687M — up 21% from $569M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of PJT and 23 opened new positions — a net loss of 11 holders — while 47 trimmed existing stakes and 66 added.

The largest buyer was Fidelity Investments, adding an estimated $44.7M. The largest seller was Sessa Capital, cutting an estimated $16.3M.

  • 206 institutional investors held PJT Partners (PJT) as of Q2 2018, down from 218 in Q1 2018.
  • Funds reported $687M of PJT Partners stock for Q2 2018, up 21% quarter-over-quarter.
  • 23 funds opened new PJT Partners positions in Q2 2018 and 34 closed out, a net change of -11 holders.
  • The largest PJT Partners buyer in Q2 2018 was Fidelity Investments, an estimated $44.7M added.
  • The largest PJT Partners seller in Q2 2018 was Sessa Capital, an estimated $16.3M sold.

Based on aggregated 13F filings for Q2 2018.