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PNNT

Pennant Park Investment Corp
PNNT

125 hedge funds and large institutions have $247M invested in Pennant Park Investment Corp in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 13

37% more call options, than puts

Call options by funds: $111K | Put options by funds: $81K

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

11% more capital invested

Capital invested by funds: $224M → $247M (+$23.7M)

7% more funds holding

Funds holding: 117 → 125 (+8)

1.66% more ownership

Funds ownership: 41.12% → 42.78% (+1.7%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
125
Holders Change
+8
Holders Change %
+6.84%
% of All Funds
3.11%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
23
Increased
37
Reduced
33
Closed
13
Calls
$111K
Puts
$81K
Net Calls
+$30K
Net Calls Change
+$225K

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$11.7M
2
MC
Muzinich & Co
New York
+$7.08M
3
BlackRock
BlackRock
New York
+$4.7M
4
UBS Group
UBS Group
Switzerland
+$2.71M
5
MCM
McKinley Capital Management
Alaska
+$2.14M

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$8.04M
2
DFG
Delphi Financial Group
Delaware
-$3.87M
3
PCIG
Partners Capital Investment Group
Massachusetts
-$3.55M
4
Wells Fargo
Wells Fargo
California
-$2.42M
5
BAM
Burgundy Asset Management
Ontario, Canada
-$2.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
BRF
26
B. Riley Financial
California
$2.79M -$85.4K -10,600 -3%
RVPG
27
Relative Value Partners Group
$2.3M +$352K +43,719 +18%
MCM
28
McKinley Capital Management
Alaska
$2.17M +$2.14M +266,048 New
NFA
29
Nuveen Fund Advisors
Illinois
$2.1M -$98.3K -12,199 -5%
OAM
30
Oxford Asset Management
United Kingdom
$2.08M +$2.06M +255,164 New
PI
31
Putnam Investments
Massachusetts
$1.78M -$52.8K -6,555 -3%
Millennium Management
32
Millennium Management
New York
$1.49M +$1.47M +182,703 New
GCP
33
GSA Capital Partners
United Kingdom
$1.42M +$629K +78,113 +81%
Legal & General Group
34
Legal & General Group
United Kingdom
$1.42M +$128K +15,888 +10%
SCM
35
Sterneck Capital Management
Missouri
$1.3M – – –
HighTower Advisors
36
HighTower Advisors
Illinois
$1.18M +$782 +97 +0.1%
SAM
37
Selway Asset Management
$1.13M -$12.3K -1,525 -1%
SAM
38
Shell Asset Management
Netherlands
$1.13M +$1.12M +138,706 New
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$1.08M -$123K -15,248 -10%
AssetMark Inc
40
AssetMark Inc
California
$1.05M -$75.8K -9,407 -7%
Citigroup
41
Citigroup
New York
$1.01M +$51.1K +6,342 +5%
AIMCA
42
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$983K +$973K +120,800 New
Mackenzie Financial
43
Mackenzie Financial
Ontario, Canada
$981K +$765K +94,920 +371%
Goldman Sachs
44
Goldman Sachs
New York
$921K +$445K +55,258 +95%
WCM
45
Wedge Capital Management
North Carolina
$920K – – –
PPA
46
Parametric Portfolio Associates
Washington
$858K -$142K -17,561 -14%
ARTA
47
A.R.T. Advisors
New York
$761K +$289K +35,900 +62%
EWM
48
Edge Wealth Management
New York
$739K – – –
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$718K -$86.9K -10,782 -11%
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$661K +$38.7K +4,807 +6%
1
2
3 4 5

PNNT Hedge Fund Activity: Q1 2017 in Review

125 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2017, worth a combined $247M — up 11% from $224M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PNNT positions and 13 closed out — a net gain of 10 holders — while 37 added to existing stakes and 33 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $11.7M. The largest seller was Ironsides Partners, cutting an estimated $8.04M.

  • 125 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2017, up from 117 in Q4 2016.
  • Funds reported $247M of Pennant Park Investment Corp stock for Q1 2017, up 11% quarter-over-quarter.
  • 23 funds opened new Pennant Park Investment Corp positions in Q1 2017 and 13 closed out, a net change of +10 holders.
  • The largest Pennant Park Investment Corp buyer in Q1 2017 was LSV Asset Management, an estimated $11.7M added.
  • The largest Pennant Park Investment Corp seller in Q1 2017 was Ironsides Partners, an estimated $8.04M sold.

Based on aggregated 13F filings for Q1 2017.