PJT Partners
181 hedge funds and large institutions have $217M invested in PJT Partners in 2016 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 30 increasing their positions, 69 reducing their positions, and 45 closing their positions.
121% more call options, than puts
Call options by funds: $2.35M | Put options by funds: $1.06M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5.88% more ownership
Funds ownership: 44.89% → 50.77% (+5.9%)
5% less capital invested
Capital invested by funds: $227M → $217M (-$10.3M)
8% less funds holding
Funds holding: 196 → 181 (-15)
22% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 45
57% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFM
MHR Fund Management
New York
|
+$9.65M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.39M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$8.33M |
| 4 |
SC
Sessa Capital
New York
|
+$5.72M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$4.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
-$5.25M |
| 2 |
PP
Prospector Partners
Guilford,
Connecticut
|
-$3.91M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.84M |
| 4 |
PIP
Permian Investment Partners
Dallas,
Texas
|
-$3.46M |
| 5 |
EGM
Espalier Global Management
New York
|
-$2.12M |
PJT Hedge Fund Activity: Q1 2016 in Review
181 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q1 2016, worth a combined $217M — down 4.5% from $227M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of PJT and 35 opened new positions — a net loss of 10 holders — while 69 trimmed existing stakes and 30 added.
The largest buyer was MHR Fund Management, adding an estimated $9.65M. The largest seller was Arbiter Partners Capital Management, exiting entirely with an estimated $5.25M sold.
- 181 institutional investors held PJT Partners (PJT) as of Q1 2016, down from 196 in Q4 2015.
- Funds reported $217M of PJT Partners stock for Q1 2016, down 4.5% quarter-over-quarter.
- 35 funds opened new PJT Partners positions in Q1 2016 and 45 closed out, a net change of -10 holders.
- The largest PJT Partners buyer in Q1 2016 was MHR Fund Management, an estimated $9.65M added.
- The largest PJT Partners seller in Q1 2016 was Arbiter Partners Capital Management, an estimated $5.25M sold.
Based on aggregated 13F filings for Q1 2016.