PJT Partners
PJT
218 hedge funds and large institutions have $569M invested in PJT Partners in 2018 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 44 increasing their positions, 53 reducing their positions, and 22 closing their positions.
100% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 22
11% more capital invested
Capital invested by funds: $511M → $569M (+$57.7M)
9% more funds holding
Funds holding: 200 → 218 (+18)
1% less ownership
Funds ownership: 60.28% → 59.27% (-1%)
17% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 53
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $260K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.3M |
| 2 |
Renaissance Technologies
New York
|
+$9.17M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$8.84M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.12M |
| 5 |
ACL
Azora Capital LP
Miami,
Florida
|
+$4.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sessa Capital
New York
|
-$12.3M |
| 2 |
KCM
Kingstown Capital Management
New York
|
-$11.4M |
| 3 |
UM
Ulysses Management
New York
|
-$7.76M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$7.47M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.01M |
PJT Hedge Fund Activity: Q1 2018 in Review
218 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q1 2018, worth a combined $569M — up 11% from $511M a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PJT positions and 22 closed out — a net gain of 22 holders — while 44 added to existing stakes and 53 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $16.3M. The largest seller was Sessa Capital, cutting an estimated $12.3M.
- 218 institutional investors held PJT Partners (PJT) as of Q1 2018, up from 200 in Q4 2017.
- Funds reported $569M of PJT Partners stock for Q1 2018, up 11% quarter-over-quarter.
- 44 funds opened new PJT Partners positions in Q1 2018 and 22 closed out, a net change of +22 holders.
- The largest PJT Partners buyer in Q1 2018 was Fidelity Investments, an estimated $16.3M added.
- The largest PJT Partners seller in Q1 2018 was Sessa Capital, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2018.