Pennant Park Investment Corp
PNNT
135 hedge funds and large institutions have $244M invested in Pennant Park Investment Corp in 2015 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 45 increasing their positions, 48 reducing their positions, and 22 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
6% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 48
9% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 22
2% less funds holding
Funds holding: 138 → 135 (-3)
10% less capital invested
Capital invested by funds: $272M → $244M (-$27.6M)
86% less call options, than puts
Call options by funds: $11K | Put options by funds: $80K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$6.01M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$1.95M |
| 3 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$1.88M |
| 4 |
Morgan Stanley
New York
|
+$1.78M |
| 5 |
Two Sigma Advisers
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$11.6M |
| 2 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$2.1M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$2.03M |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$1.84M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.47M |
PNNT Hedge Fund Activity: Q1 2015 in Review
135 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2015, worth a combined $244M — down 10% from $272M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of PNNT and 20 opened new positions — a net loss of 2 holders — while 48 trimmed existing stakes and 45 added.
The largest buyer was UBS Group, adding an estimated $6.01M. The largest seller was T. Rowe Price Associates, cutting an estimated $11.6M.
- 135 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2015, down from 138 in Q4 2014.
- Funds reported $244M of Pennant Park Investment Corp stock for Q1 2015, down 10% quarter-over-quarter.
- 20 funds opened new Pennant Park Investment Corp positions in Q1 2015 and 22 closed out, a net change of -2 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2015 was UBS Group, an estimated $6.01M added.
- The largest Pennant Park Investment Corp seller in Q1 2015 was T. Rowe Price Associates, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2015.