PJT Partners
PJT
168 hedge funds and large institutions have $232M invested in PJT Partners in 2016 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 32 increasing their positions, 56 reducing their positions, and 41 closing their positions.
84% more call options, than puts
Call options by funds: $1.21M | Put options by funds: $657K
7% more capital invested
Capital invested by funds: $217M → $232M (+$15.7M)
5.47% more ownership
Funds ownership: 50.77% → 56.24% (+5.5%)
7% less funds holding
Funds holding: 181 → 168 (-13)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
29% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 41
43% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingstown Capital Management
New York
|
+$21.7M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
+$11.9M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.65M |
| 5 |
SC
Sessa Capital
New York
|
+$4.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$20.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.1M |
| 3 |
NPGCU
Napier Park Global Capital (US)
New York
|
-$4.25M |
| 4 |
Morgan Stanley
New York
|
-$3.78M |
| 5 |
TM
Tiger Management
New York
|
-$3.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBHC
176
Brown Brothers Harriman & Co
New York
| – | -$1K | -22 | Closed |
|
|
CFA
177
CT Financial Advisors
Chadds Ford,
Pennsylvania
| – | -$457 | -19 | Closed |
|
|
BWA
178
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$1K | -18 | Closed |
|
|
FFC
179
First Financial Corp
Terre Haute,
Indiana
| – | -$337 | -14 | -32% |
|
|
AIM
180
Anchor Investment Management
Columbia,
South Carolina
| – | -$216 | -9 | Closed |
|
|
VIA
181
Vantage Investment Advisors
State College,
Pennsylvania
| – | -$120 | -5 | -63% |
|
|
PMFA
182
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$96 | -4 | -40% |
|
|
PAI
183
Pittenger & Anderson Inc
Lincoin,
Nebraska
| – | +$24 | +1 | New |
|
184
SEI Investments
Oaks,
Pennsylvania
| – | +$48 | +2 | +100% |
|
|
SFG
185
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| – | +$72 | +3 | New |
|
|
OC
186
Oakworth Capital
Birmingham,
Alabama
| – | +$120 | +5 | New |
|
|
RFA
187
Reilly Financial Advisors
La Mesa,
California
| – | +$120 | +5 | New |
|
|
CCM
188
Cribstone Capital Management
Augusta,
Maine
| – | +$145 | +6 | New |
|
PJT Hedge Fund Activity: Q2 2016 in Review
168 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q2 2016, worth a combined $232M — up 7.2% from $217M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PJT and 29 opened new positions — a net loss of 12 holders — while 56 trimmed existing stakes and 32 added.
The largest buyer was Kingstown Capital Management, opening a new position worth an estimated $21.7M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $20.9M sold.
- 168 institutional investors held PJT Partners (PJT) as of Q2 2016, down from 181 in Q1 2016.
- Funds reported $232M of PJT Partners stock for Q2 2016, up 7.2% quarter-over-quarter.
- 29 funds opened new PJT Partners positions in Q2 2016 and 41 closed out, a net change of -12 holders.
- The largest PJT Partners buyer in Q2 2016 was Kingstown Capital Management, an estimated $21.7M added.
- The largest PJT Partners seller in Q2 2016 was Allianz Asset Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q2 2016.