PJT Partners
194 hedge funds and large institutions have $372M invested in PJT Partners in 2017 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 50 increasing their positions, 60 reducing their positions, and 19 closing their positions.
58% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 19
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
29% more call options, than puts
Call options by funds: $2.57M | Put options by funds: $1.99M
18% more capital invested
Capital invested by funds: $317M → $372M (+$55.5M)
3% more funds holding
Funds holding: 189 → 194 (+5)
0.3% more ownership
Funds ownership: 56.97% → 57.28% (+0.3%)
17% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$41M |
| 2 |
Millennium Management
New York
|
+$5.09M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.97M |
| 4 |
Renaissance Technologies
New York
|
+$3.19M |
| 5 |
SFM
Soros Fund Management
New York
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$13.6M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$3.06M |
| 3 |
KCM
Kingstown Capital Management
New York
|
-$2.6M |
| 4 |
EFEM
Eos Focused Equity Management
New York
|
-$1.84M |
| 5 |
TCGI
Three Corner Global Investors
New York
|
-$1.83M |
PJT Hedge Fund Activity: Q1 2017 in Review
194 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q1 2017, worth a combined $372M — up 18% from $317M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PJT positions and 19 closed out — a net gain of 11 holders — while 50 added to existing stakes and 60 trimmed.
The largest buyer was BlackRock, adding an estimated $41M. The largest seller was Grantham, Mayo, Van Otterloo & Co (GMO), exiting entirely with an estimated $13.6M sold.
- 194 institutional investors held PJT Partners (PJT) as of Q1 2017, up from 189 in Q4 2016.
- Funds reported $372M of PJT Partners stock for Q1 2017, up 18% quarter-over-quarter.
- 30 funds opened new PJT Partners positions in Q1 2017 and 19 closed out, a net change of +11 holders.
- The largest PJT Partners buyer in Q1 2017 was BlackRock, an estimated $41M added.
- The largest PJT Partners seller in Q1 2017 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $13.6M sold.
Based on aggregated 13F filings for Q1 2017.