PJT Partners
PJT
191 hedge funds and large institutions have $440M invested in PJT Partners in 2017 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 53 increasing their positions, 43 reducing their positions, and 28 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 43
18% more capital invested
Capital invested by funds: $372M → $440M (+$67.8M)
1.87% more ownership
Funds ownership: 57.28% → 59.15% (+1.9%)
4% less call options, than puts
Call options by funds: $262K | Put options by funds: $273K
7% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 28
2% less funds holding
Funds holding: 194 → 191 (-3)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$7.01M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.61M |
| 3 |
PCA
Prospect Capital Advisors
Sausalito,
California
|
+$4.99M |
| 4 |
Renaissance Technologies
New York
|
+$4.74M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingstown Capital Management
New York
|
-$12.2M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$7.79M |
| 3 |
SFM
Soros Fund Management
New York
|
-$2.86M |
| 4 |
Two Sigma Investments
New York
|
-$2.52M |
| 5 |
UONDDL
University of Notre Dame du Lac
South Bend,
Indiana
|
-$2.2M |
PJT Hedge Fund Activity: Q2 2017 in Review
191 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q2 2017, worth a combined $440M — up 18% from $372M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PJT and 26 opened new positions — a net loss of 2 holders — while 43 trimmed existing stakes and 53 added.
The largest buyer was Penn Capital Management, opening a new position worth an estimated $7.01M. The largest seller was Kingstown Capital Management, cutting an estimated $12.2M.
- 191 institutional investors held PJT Partners (PJT) as of Q2 2017, down from 194 in Q1 2017.
- Funds reported $440M of PJT Partners stock for Q2 2017, up 18% quarter-over-quarter.
- 26 funds opened new PJT Partners positions in Q2 2017 and 28 closed out, a net change of -2 holders.
- The largest PJT Partners buyer in Q2 2017 was Penn Capital Management, an estimated $7.01M added.
- The largest PJT Partners seller in Q2 2017 was Kingstown Capital Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q2 2017.