PJT Partners
206 hedge funds and large institutions have $687M invested in PJT Partners in 2018 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 66 increasing their positions, 47 reducing their positions, and 34 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 47
21% more capital invested
Capital invested by funds: $569M → $687M (+$118M)
3.54% more ownership
Funds ownership: 59.27% → 62.81% (+3.5%)
6% less funds holding
Funds holding: 218 → 206 (-12)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 34
70% less call options, than puts
Call options by funds: $218K | Put options by funds: $725K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$44.7M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$29.5M |
| 3 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
+$14.1M |
| 4 |
BlackRock
New York
|
+$12.9M |
| 5 |
Renaissance Technologies
New York
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sessa Capital
New York
|
-$16.3M |
| 2 |
Millennium Management
New York
|
-$8.92M |
| 3 |
ACL
Azora Capital LP
Miami,
Florida
|
-$6.58M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$4.39M |
| 5 |
UM
Ulysses Management
New York
|
-$3.37M |
PJT Hedge Fund Activity: Q2 2018 in Review
206 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q2 2018, worth a combined $687M — up 21% from $569M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of PJT and 23 opened new positions — a net loss of 11 holders — while 47 trimmed existing stakes and 66 added.
The largest buyer was Fidelity Investments, adding an estimated $44.7M. The largest seller was Sessa Capital, cutting an estimated $16.3M.
- 206 institutional investors held PJT Partners (PJT) as of Q2 2018, down from 218 in Q1 2018.
- Funds reported $687M of PJT Partners stock for Q2 2018, up 21% quarter-over-quarter.
- 23 funds opened new PJT Partners positions in Q2 2018 and 34 closed out, a net change of -11 holders.
- The largest PJT Partners buyer in Q2 2018 was Fidelity Investments, an estimated $44.7M added.
- The largest PJT Partners seller in Q2 2018 was Sessa Capital, an estimated $16.3M sold.
Based on aggregated 13F filings for Q2 2018.