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PJT Partners

213 hedge funds and large institutions have $563M invested in PJT Partners in 2018 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 35 increasing their positions, 56 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

24% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 34

4% more funds holding

Funds holding: 205213 (+8)

0.42% less ownership

Funds ownership: 65.67%65.25% (-0.42%)

20% less capital invested

Capital invested by funds: $707M → $563M (-$144M)

38% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 56

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.75%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
42
Increased
35
Reduced
56
Closed
34
Calls
$3K
Puts
Net Calls
+$3K
Net Calls Change
-$2K
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$90.3M -$160K -3,564 -0.2%
BlackRock
2
BlackRock
New York
$55M -$353K -7,879 -0.6%
EAM
3
Eagle Asset Management
Florida
$53.9M -$2.06M -45,963 -3%
CC
4
Corsair Capital
New York
$50.8M +$58.8M +1,311,725 New
Vanguard Group
5
Vanguard Group
Pennsylvania
$35.8M +$404K +9,000 +1%
MFM
6
MHR Fund Management
New York
$34.1M
CTA
7
Carillon Tower Advisers
Florida
$26.9M
SC
8
Sessa Capital
New York
$26.4M -$6.88M -153,431 -18%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$17.1M +$1.07M +23,766 +6%
State Street
10
State Street
Massachusetts
$14.7M -$1.36M -30,350 -7%
Northern Trust
11
Northern Trust
Illinois
$9.71M +$147K +3,269 +1%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$8.3M +$1.08M +24,166 +13%
Renaissance Technologies
13
Renaissance Technologies
New York
$7.74M -$10.4M -232,910 -54%
Morgan Stanley
14
Morgan Stanley
New York
$6.81M +$3.32M +73,920 +73%
Millennium Management
15
Millennium Management
New York
$6.68M +$7.22M +161,034 +1,436%
PCM
16
Penn Capital Management
Pennsylvania
$6.63M -$200K -4,457 -3%
PCA
17
Prospect Capital Advisors
California
$6.34M
KA
18
Klingman & Associates
New York
$6.33M
Bank of New York Mellon
19
Bank of New York Mellon
New York
$5.33M -$248K -5,532 -4%
MCM
20
Maltese Capital Management
New York
$5.04M -$1.8M -40,042 -24%
GF
21
Gabelli Funds
New York
$4.65M
Bank of America
22
Bank of America
North Carolina
$4.65M -$1.96M -43,663 -27%
Charles Schwab
23
Charles Schwab
California
$4.14M +$60.2K +1,342 +1%
New York State Common Retirement Fund
24
New York State Common Retirement Fund
New York
$4.13M -$139K -3,100 -3%
GI
25
GAMCO Investors
Connecticut
$4.07M

PJT Hedge Fund Activity: Q4 2018 in Review

213 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q4 2018, worth a combined $563M — down 20% from $707M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PJT positions and 34 closed out — a net gain of 8 holders — while 35 added to existing stakes and 56 trimmed.

The largest buyer was Corsair Capital, opening a new position worth an estimated $58.8M. The largest seller was Renaissance Technologies, cutting an estimated $10.4M.

  • 213 institutional investors held PJT Partners (PJT) as of Q4 2018, up from 205 in Q3 2018.
  • Funds reported $563M of PJT Partners stock for Q4 2018, down 20% quarter-over-quarter.
  • 42 funds opened new PJT Partners positions in Q4 2018 and 34 closed out, a net change of +8 holders.
  • The largest PJT Partners buyer in Q4 2018 was Corsair Capital, an estimated $58.8M added.
  • The largest PJT Partners seller in Q4 2018 was Renaissance Technologies, an estimated $10.4M sold.

Based on aggregated 13F filings for Q4 2018.