Pennant Park Investment Corp
PNNT
122 hedge funds and large institutions have $214M invested in Pennant Park Investment Corp in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 45 increasing their positions, 39 reducing their positions, and 18 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 39
1.7% more ownership
Funds ownership: 43.37% → 45.06% (+1.7%)
1% more capital invested
Capital invested by funds: $213M → $214M (+$1.14M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 130 → 122 (-8)
23% less call options, than puts
Call options by funds: $98K | Put options by funds: $127K
44% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 18
Top Buyers
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$5.33M |
| 2 |
MC
Muzinich & Co
New York
|
+$3.88M |
| 3 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$2.1M |
| 4 |
SCM
Signia Capital Management
Spokane,
Washington
|
+$1.54M |
| 5 |
JP Morgan Chase
New York
|
+$1.28M |
Top Sellers
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.21M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.06M |
| 3 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$1.27M |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$1.08M |
| 5 |
Goldman Sachs
New York
|
-$989K |
PNNT Hedge Fund Activity: Q1 2018 in Review
122 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2018, worth a combined $214M — up 0.54% from $213M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PNNT and 10 opened new positions — a net loss of 8 holders — while 39 trimmed existing stakes and 45 added.
The largest buyer was Ares Management, adding an estimated $5.33M. The largest seller was UBS Group, cutting an estimated $2.21M.
- 122 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2018, down from 130 in Q4 2017.
- Funds reported $214M of Pennant Park Investment Corp stock for Q1 2018, up 0.54% quarter-over-quarter.
- 10 funds opened new Pennant Park Investment Corp positions in Q1 2018 and 18 closed out, a net change of -8 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2018 was Ares Management, an estimated $5.33M added.
- The largest Pennant Park Investment Corp seller in Q1 2018 was UBS Group, an estimated $2.21M sold.
Based on aggregated 13F filings for Q1 2018.