PJT Partners
PJT
180 hedge funds and large institutions have $613M invested in PJT Partners in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 43 reducing their positions, and 23 closing their positions.
74% more call options, than puts
Call options by funds: $785K | Put options by funds: $452K
21% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 43
2.98% more ownership
Funds ownership: 62.15% → 65.12% (+3%)
3% more capital invested
Capital invested by funds: $598M → $613M (+$15M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less funds holding
Funds holding: 185 → 180 (-5)
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$9.75M |
| 2 |
ClearBridge Investments
New York
|
+$4.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.49M |
| 4 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$3.49M |
| 5 |
Bank of New York Mellon
New York
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.2M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$5.48M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
-$3.49M |
| 4 |
KA
Klingman & Associates
New York
|
-$1.61M |
| 5 |
SIM
Spark Investment Management
New York
|
-$1.38M |
PJT Hedge Fund Activity: Q3 2019 in Review
180 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q3 2019, worth a combined $613M — up 2.5% from $598M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PJT and 20 opened new positions — a net loss of 3 holders — while 43 trimmed existing stakes and 52 added.
The largest buyer was Jacobs Asset Management, adding an estimated $9.75M. The largest seller was Fidelity Investments, cutting an estimated $10.2M.
- 180 institutional investors held PJT Partners (PJT) as of Q3 2019, down from 185 in Q2 2019.
- Funds reported $613M of PJT Partners stock for Q3 2019, up 2.5% quarter-over-quarter.
- 20 funds opened new PJT Partners positions in Q3 2019 and 23 closed out, a net change of -3 holders.
- The largest PJT Partners buyer in Q3 2019 was Jacobs Asset Management, an estimated $9.75M added.
- The largest PJT Partners seller in Q3 2019 was Fidelity Investments, an estimated $10.2M sold.
Based on aggregated 13F filings for Q3 2019.