Pennant Park Investment Corp
PNNT
126 hedge funds and large institutions have $224M invested in Pennant Park Investment Corp in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 44 reducing their positions, and 15 closing their positions.
7% less funds holding
Funds holding: 135 → 126 (-9)
8% less capital invested
Capital invested by funds: $244M → $224M (-$20.1M)
16% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 44
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.33M |
| 2 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$2.26M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$1.74M |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$1.08M |
| 5 |
Millennium Management
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.02M |
| 2 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.94M |
| 3 |
SAM
Selway Asset Management
|
-$1.91M |
| 4 |
Two Sigma Advisers
New York
|
-$1.59M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.55M |
PNNT Hedge Fund Activity: Q2 2015 in Review
126 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2015, worth a combined $224M — down 8.2% from $244M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PNNT and 10 opened new positions — a net loss of 5 holders — while 44 trimmed existing stakes and 37 added.
The largest buyer was Morgan Stanley, adding an estimated $2.33M. The largest seller was Wells Fargo, cutting an estimated $2.02M.
- 126 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2015, down from 135 in Q1 2015.
- Funds reported $224M of Pennant Park Investment Corp stock for Q2 2015, down 8.2% quarter-over-quarter.
- 10 funds opened new Pennant Park Investment Corp positions in Q2 2015 and 15 closed out, a net change of -5 holders.
- The largest Pennant Park Investment Corp buyer in Q2 2015 was Morgan Stanley, an estimated $2.33M added.
- The largest Pennant Park Investment Corp seller in Q2 2015 was Wells Fargo, an estimated $2.02M sold.
Based on aggregated 13F filings for Q2 2015.