PJT Partners
PJT
192 hedge funds and large institutions have $685M invested in PJT Partners in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 50 increasing their positions, 47 reducing their positions, and 23 closing their positions.
70% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 23
12% more capital invested
Capital invested by funds: $613M → $685M (+$72.5M)
7% more funds holding
Funds holding: 180 → 192 (+12)
6% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 47
0.67% more ownership
Funds ownership: 65.12% → 65.79% (+0.67%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$12.4M |
| 2 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
+$4.44M |
| 3 |
Two Sigma Investments
New York
|
+$3.35M |
| 4 |
MCM
Maltese Capital Management
New York
|
+$2.94M |
| 5 |
CC
Corsair Capital
New York
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$7.25M |
| 2 |
Bank of New York Mellon
New York
|
-$4.71M |
| 3 |
Millennium Management
New York
|
-$3.41M |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
-$3.09M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$1.77M |
PJT Hedge Fund Activity: Q4 2019 in Review
192 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q4 2019, worth a combined $685M — up 12% from $613M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PJT positions and 23 closed out — a net gain of 16 holders — while 50 added to existing stakes and 47 trimmed.
The largest buyer was Frontier Capital Management, opening a new position worth an estimated $12.4M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $7.25M sold.
- 192 institutional investors held PJT Partners (PJT) as of Q4 2019, up from 180 in Q3 2019.
- Funds reported $685M of PJT Partners stock for Q4 2019, up 12% quarter-over-quarter.
- 39 funds opened new PJT Partners positions in Q4 2019 and 23 closed out, a net change of +16 holders.
- The largest PJT Partners buyer in Q4 2019 was Frontier Capital Management, an estimated $12.4M added.
- The largest PJT Partners seller in Q4 2019 was Philadelphia Financial Management of San Francisco, an estimated $7.25M sold.
Based on aggregated 13F filings for Q4 2019.