Pennant Park Investment Corp
PNNT
126 hedge funds and large institutions have $158M invested in Pennant Park Investment Corp in 2015 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 45 reducing their positions, and 19 closing their positions.
5% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 19
0% more funds holding
Funds holding: 126 → 126 (0)
16% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 45
29% less capital invested
Capital invested by funds: $224M → $158M (-$65.8M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $12K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.77M |
| 2 |
Morgan Stanley
New York
|
+$3.49M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$1.64M |
| 4 |
Millennium Management
New York
|
+$1.25M |
| 5 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$6.62M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.17M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.18M |
| 5 |
MC
Muzinich & Co
New York
|
-$1.86M |
PNNT Hedge Fund Activity: Q3 2015 in Review
126 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2015, worth a combined $158M — down 29% from $224M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PNNT positions and 19 closed out — a net gain of 1 holder — while 38 added to existing stakes and 45 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.77M. The largest seller was Cedar Hill Associates, exiting entirely with an estimated $6.62M sold.
- 126 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2015, unchanged from Q2 2015.
- Funds reported $158M of Pennant Park Investment Corp stock for Q3 2015, down 29% quarter-over-quarter.
- 20 funds opened new Pennant Park Investment Corp positions in Q3 2015 and 19 closed out, a net change of +1 holder.
- The largest Pennant Park Investment Corp buyer in Q3 2015 was Rivernorth Capital Management, an estimated $5.77M added.
- The largest Pennant Park Investment Corp seller in Q3 2015 was Cedar Hill Associates, an estimated $6.62M sold.
Based on aggregated 13F filings for Q3 2015.