PJT Partners
PJT
189 hedge funds and large institutions have $317M invested in PJT Partners in 2016 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 38 increasing their positions, 50 reducing their positions, and 17 closing their positions.
171% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 17
61% more call options, than puts
Call options by funds: $71K | Put options by funds: $44K
15% more funds holding
Funds holding: 164 → 189 (+25)
15% more capital invested
Capital invested by funds: $276M → $317M (+$40.5M)
0.25% more ownership
Funds ownership: 56.72% → 56.97% (+0.25%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
24% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.8M |
| 2 |
Renaissance Technologies
New York
|
+$5.56M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$3.17M |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
+$3.16M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$26.3M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
-$6.21M |
| 3 |
SC
Sessa Capital
New York
|
-$1.44M |
| 4 |
UM
Ulysses Management
New York
|
-$1.44M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$1.25M |
PJT Hedge Fund Activity: Q4 2016 in Review
189 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q4 2016, worth a combined $317M — up 15% from $276M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PJT positions and 17 closed out — a net gain of 29 holders — while 38 added to existing stakes and 50 trimmed.
The largest buyer was BlackRock Institutional Trust, adding an estimated $5.8M. The largest seller was Grantham, Mayo, Van Otterloo & Co (GMO), cutting an estimated $26.3M.
- 189 institutional investors held PJT Partners (PJT) as of Q4 2016, up from 164 in Q3 2016.
- Funds reported $317M of PJT Partners stock for Q4 2016, up 15% quarter-over-quarter.
- 46 funds opened new PJT Partners positions in Q4 2016 and 17 closed out, a net change of +29 holders.
- The largest PJT Partners buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $5.8M added.
- The largest PJT Partners seller in Q4 2016 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $26.3M sold.
Based on aggregated 13F filings for Q4 2016.