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PNNT

Pennant Park Investment Corp
PNNT

120 hedge funds and large institutions have $192M invested in Pennant Park Investment Corp in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 36 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

6% more funds holding

Funds holding: 113 → 120 (+7)

1.49% more ownership

Funds ownership: 42.09% → 43.58% (+1.5%)

3% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 37

21% less capital invested

Capital invested by funds: $242M → $192M (-$50.3M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
120
Holders Change
+7
Holders Change %
+6.19%
% of All Funds
2.67%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
24
Increased
36
Reduced
37
Closed
16
Calls
$1K
Puts
–
Net Calls
+$1K
Net Calls Change
-$313K

Top Buyers

1
BRWM
B. Riley Wealth Management
Tennessee
+$2.97M
2
KCM
Kennedy Capital Management
Missouri
+$2.87M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.86M
4
HIM
Hillsdale Investment Management
Ontario, Canada
+$1.66M
5
Ameriprise
Ameriprise
Minnesota
+$1.03M

Top Sellers

1
BRF
B. Riley Financial
California
-$3.12M
2
CWM
Cornerstone Wealth Management
Missouri
-$2.83M
3
Marshall Wace
Marshall Wace
United Kingdom
-$2.68M
4
MC
Muzinich & Co
New York
-$2.31M
5
UBS Group
UBS Group
Switzerland
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
26
McKinley Capital Management
Alaska
$1.93M -$142K -20,007 -6%
GC
27
Guggenheim Capital
Illinois
$1.77M -$926K -130,289 -32%
Two Sigma Investments
28
Two Sigma Investments
New York
$1.62M -$1.17M -164,565 -39%
ACM
29
Advisors Capital Management
New Jersey
$1.54M +$645K +90,757 +60%
HIM
30
Hillsdale Investment Management
Ontario, Canada
$1.48M +$1.66M +233,000 New
OAM
31
Oxford Asset Management
United Kingdom
$1.46M +$743K +104,480 +84%
Mackenzie Financial
32
Mackenzie Financial
Ontario, Canada
$1.33M – – –
PPA
33
Parametric Portfolio Associates
Washington
$1.25M -$94.7K -13,321 -6%
POIA
34
Pin Oak Investment Advisors
Texas
$1.24M +$10.1K +1,425 +0.7%
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
$1.08M -$130K -18,292 -10%
AIMCA
36
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.04M – – –
WCM
37
Wedge Capital Management
North Carolina
$1.02M -$167K -23,437 -13%
Ameriprise
38
Ameriprise
Minnesota
$1.02M +$1.03M +145,554 +1,037%
TFCM
39
Taylor Frigon Capital Management
Arizona
$838K +$8.03K +1,130 +0.9%
HighTower Advisors
40
HighTower Advisors
Illinois
$799K -$55.8K -7,844 -6%
SAM
41
Shell Asset Management
Netherlands
$776K -$73.2K -10,300 -8%
Wells Fargo
42
Wells Fargo
California
$769K +$21K +2,953 +3%
CCA
43
Catalyst Capital Advisors
New York
$743K – – –
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$728K -$133K -18,665 -14%
AFM
45
Abbot Financial Management
Massachusetts
$724K -$14.2K -2,000 -2%
BI
46
Bramshill Investments
Florida
$681K +$8.02K +1,129 +1%
SGI
47
Summit Global Investments
Utah
$647K +$721K +101,500 New
Citigroup
48
Citigroup
New York
$619K -$6.44K -906 -0.9%
Citadel Advisors
49
Citadel Advisors
Florida
$606K +$677K +95,183 New
LPL Financial
50
LPL Financial
California
$587K +$33.5K +4,711 +5%
1
2
3 4 5

PNNT Hedge Fund Activity: Q4 2018 in Review

120 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q4 2018, worth a combined $192M — down 21% from $242M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PNNT positions and 16 closed out — a net gain of 8 holders — while 36 added to existing stakes and 37 trimmed.

The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $2.97M. The largest seller was B. Riley Financial, exiting entirely with an estimated $3.12M sold.

  • 120 institutional investors held Pennant Park Investment Corp (PNNT) as of Q4 2018, up from 113 in Q3 2018.
  • Funds reported $192M of Pennant Park Investment Corp stock for Q4 2018, down 21% quarter-over-quarter.
  • 24 funds opened new Pennant Park Investment Corp positions in Q4 2018 and 16 closed out, a net change of +8 holders.
  • The largest Pennant Park Investment Corp buyer in Q4 2018 was B. Riley Wealth Management, an estimated $2.97M added.
  • The largest Pennant Park Investment Corp seller in Q4 2018 was B. Riley Financial, an estimated $3.12M sold.

Based on aggregated 13F filings for Q4 2018.