PJT Partners
410 hedge funds and large institutions have $3.46B invested in PJT Partners in 2025 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 119 increasing their positions, 140 reducing their positions, and 40 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
55% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 40
4% more funds holding
Funds holding: 394 → 410 (+16)
1.17% less ownership
Funds ownership: 86.18% → 85.02% (-1.2%)
7% less capital invested
Capital invested by funds: $3.72B → $3.46B (-$267M)
15% less repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 140
72% less call options, than puts
Call options by funds: $2.78M | Put options by funds: $9.81M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$34.4M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
+$32M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$18.4M |
| 4 |
D.E. Shaw & Co
New York
|
+$15.3M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
-$40.1M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$34.4M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$28.5M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$28.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.4M |
PJT Hedge Fund Activity: Q4 2025 in Review
410 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in PJT Partners (PJT) for Q4 2025, worth a combined $3.46B — down 7.2% from $3.72B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new PJT positions and 40 closed out — a net gain of 22 holders — while 119 added to existing stakes and 140 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $34.4M. The largest seller was Azora Capital LP, exiting entirely with an estimated $40.1M sold.
- 410 institutional investors held PJT Partners (PJT) as of Q4 2025, up from 394 in Q3 2025.
- Funds reported $3.46B of PJT Partners stock for Q4 2025, down 7.2% quarter-over-quarter.
- 62 funds opened new PJT Partners positions in Q4 2025 and 40 closed out, a net change of +22 holders.
- The largest PJT Partners buyer in Q4 2025 was Wasatch Advisors, an estimated $34.4M added.
- The largest PJT Partners seller in Q4 2025 was Azora Capital LP, an estimated $40.1M sold.
Based on aggregated 13F filings for Q4 2025.