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PNNT

Pennant Park Investment Corp
PNNT

142 hedge funds and large institutions have $296M invested in Pennant Park Investment Corp in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 53 increasing their positions, 35 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 35

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 148 → 142 (-6)

8% less capital invested

Capital invested by funds: $324M → $296M (-$27.5M)

16% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 37

80% less call options, than puts

Call options by funds: $103K | Put options by funds: $512K

Holders
142
Holders Change
-6
Holders Change %
-4.05%
% of All Funds
4.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
31
Increased
53
Reduced
35
Closed
37
Calls
$103K
Puts
$512K
Net Calls
-$409K
Net Calls Change
-$224K

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$3.37M
2
AAM
Advisors Asset Management
Colorado
+$3.22M
3
PP
Paloma Partners
Connecticut
+$3.14M
4
CS
Credit Suisse
Switzerland
+$2.63M
5
SCM
Sterneck Capital Management
Missouri
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$20.4M
2
State Street
State Street
Massachusetts
-$13.6M
3
BIT
BlackRock Institutional Trust
California
-$9.05M
4
American Century Companies
American Century Companies
Missouri
-$5.44M
5
JP Morgan Chase
JP Morgan Chase
New York
-$4.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TFS Capital
Pennsylvania
$2.57M +$606K +55,223 +33%
GC
27
Guggenheim Capital
Illinois
$2.47M +$1.04M +95,192 +79%
SCM
28
Sterneck Capital Management
Missouri
$2.36M +$2.26M +206,254 New
Alyeska Investment Group
29
Alyeska Investment Group
Illinois
$2.32M +$2.22M +202,307 New
LP
30
LMR Partners
United Kingdom
$2.31M +$2.21M +201,391 New
FM
31
Family Management
New York
$2.28M +$280K +25,500 +15%
UBS AM
32
UBS AM
Illinois
$2.26M -$390K -35,576 -15%
COPPSERS
33
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.22M +$2.13M +194,059 New
AL
34
AJO LP
Pennsylvania
$2.12M +$2.03M +184,700 New
VanEck Associates
35
VanEck Associates
New York
$1.96M +$487K +44,388 +35%
Stifel Financial
36
Stifel Financial
Missouri
$1.94M +$735K +67,015 +65%
Millennium Management
37
Millennium Management
New York
$1.83M +$1.61M +147,146 +1,161%
SCM
38
Sterling Capital Management
North Carolina
$1.68M +$38.4K +3,505 +2%
HB
39
Homrich & Berg
Georgia
$1.61M +$24K +2,191 +2%
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$1.48M +$1.42M +129,265 New
Bank of America
41
Bank of America
North Carolina
$1.38M +$665K +60,658 +102%
Norges Bank
42
Norges Bank
Norway
$1.3M +$1.24M +113,228 New
Robeco Institutional Asset Management
43
Robeco Institutional Asset Management
Netherlands
$1.28M – – –
AR
44
Advisory Research
Illinois
$1.26M +$99.9K +9,110 +9%
SMDAM
45
Sumitomo Mitsui DS Asset Management
Japan
$1.26M +$99.9K +9,110 +9%
Citigroup
46
Citigroup
New York
$1.1M -$93.5K -8,527 -8%
State Street
47
State Street
Massachusetts
$991K -$13.6M -1,240,462 -93%
SI
48
Stephens Inc
Arkansas
$967K -$45.1K -4,110 -5%
HighTower Advisors
49
HighTower Advisors
Illinois
$962K +$30.1K +2,741 +3%
DCM
50
Dupont Capital Management
Delaware
$962K +$920K +83,930 New
1
2
3 4 5

PNNT Hedge Fund Activity: Q2 2014 in Review

142 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2014, worth a combined $296M — down 8.5% from $324M a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of PNNT and 31 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 53 added.

The largest buyer was Deutsche Bank, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $20.4M sold.

  • 142 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2014, down from 148 in Q1 2014.
  • Funds reported $296M of Pennant Park Investment Corp stock for Q2 2014, down 8.5% quarter-over-quarter.
  • 31 funds opened new Pennant Park Investment Corp positions in Q2 2014 and 37 closed out, a net change of -6 holders.
  • The largest Pennant Park Investment Corp buyer in Q2 2014 was Deutsche Bank, an estimated $3.37M added.
  • The largest Pennant Park Investment Corp seller in Q2 2014 was BlackRock Fund Advisors, an estimated $20.4M sold.

Based on aggregated 13F filings for Q2 2014.