PJT Partners
PJT
188 hedge funds and large institutions have $416M invested in PJT Partners in 2017 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 50 reducing their positions, and 25 closing their positions.
372% more call options, than puts
Call options by funds: $1.75M | Put options by funds: $370K
2% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 50
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.56% less ownership
Funds ownership: 59.15% → 58.58% (-0.56%)
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
2% less funds holding
Funds holding: 191 → 188 (-3)
6% less capital invested
Capital invested by funds: $440M → $416M (-$24.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$6.47M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.65M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.37M |
| 4 |
TCGI
Three Corner Global Investors
New York
|
+$2.22M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingstown Capital Management
New York
|
-$13.9M |
| 2 |
Renaissance Technologies
New York
|
-$3.52M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.8M |
| 5 |
UM
Ulysses Management
New York
|
-$2.78M |
PJT Hedge Fund Activity: Q3 2017 in Review
188 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q3 2017, worth a combined $416M — down 5.5% from $440M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PJT and 24 opened new positions — a net loss of 1 holder — while 50 trimmed existing stakes and 51 added.
The largest buyer was Maltese Capital Management, adding an estimated $6.47M. The largest seller was Kingstown Capital Management, cutting an estimated $13.9M.
- 188 institutional investors held PJT Partners (PJT) as of Q3 2017, down from 191 in Q2 2017.
- Funds reported $416M of PJT Partners stock for Q3 2017, down 5.5% quarter-over-quarter.
- 24 funds opened new PJT Partners positions in Q3 2017 and 25 closed out, a net change of -1 holder.
- The largest PJT Partners buyer in Q3 2017 was Maltese Capital Management, an estimated $6.47M added.
- The largest PJT Partners seller in Q3 2017 was Kingstown Capital Management, an estimated $13.9M sold.
Based on aggregated 13F filings for Q3 2017.