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PNNT

Pennant Park Investment Corp
PNNT

87 hedge funds and large institutions have $64.1M invested in Pennant Park Investment Corp in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 89 → 87 (-2)

2.52% less ownership

Funds ownership: 32.49% → 29.97% (-2.5%)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

19% less capital invested

Capital invested by funds: $79.6M → $64.1M (-$15.5M)

42% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 36

54% less call options, than puts

Call options by funds: $25K | Put options by funds: $54K

Holders
87
Holders Change
-2
Holders Change %
-2.25%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
21
Reduced
36
Closed
14
Calls
$25K
Puts
$54K
Net Calls
-$29K
Net Calls Change
+$81K

Top Buyers

Rank Fund Capital Flow
1
CCM
Callodine Capital Management
Massachusetts
+$1.04M
2
Northern Trust
Northern Trust
Illinois
+$679K
3
CC
Claybrook Capital
Massachusetts
+$183K
4
BlackRock
BlackRock
New York
+$158K
5
VanEck Associates
VanEck Associates
New York
+$155K

Top Sellers

Rank Fund Capital Flow
1
BRWM
B. Riley Wealth Management
Tennessee
-$1.65M
2
WFI
West Family Investments
California
-$1.5M
3
Millennium Management
Millennium Management
New York
-$797K
4
KCM
Kennedy Capital Management
Missouri
-$685K
5
AAM
Advisors Asset Management
Colorado
-$430K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAMC
26
Garner Asset Management Corp
Texas
$419K -$6K -1,792 -1%
AAM
27
Advisors Asset Management
Colorado
$418K -$430K -128,437 -49%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$415K -$6.21K -1,855 -1%
Osaic Holdings
29
Osaic Holdings
Arizona
$399K +$131K +38,999 +45%
AFM
30
Abbot Financial Management
Massachusetts
$381K -$11.1K -3,300 -3%
CC
31
Claybrook Capital
Massachusetts
$380K +$183K +54,500 +84%
CCA
32
Catalyst Capital Advisors
New York
$372K – – –
Bank of America
33
Bank of America
North Carolina
$361K +$17.5K +5,233 +5%
M&T Bank
34
M&T Bank
New York
$301K +$43.1K +12,854 +16%
S
35
SignatureFD
Georgia
$246K +$5.75K +1,718 +2%
SCM
36
Sterneck Capital Management
Missouri
$225K -$2.35K -700 -1%
CANY
37
Caxton Associates (New York)
New York
$222K -$83.8K -25,027 -26%
VEA
38
Virtus ETF Advisers
New York
$209K -$53.9K -16,100 -20%
POIA
39
Pin Oak Investment Advisors
Texas
$197K -$16.7K -4,987 -7%
WAM
40
Wolverine Asset Management
Illinois
$197K +$58.7K +17,520 +40%
LPL Financial
41
LPL Financial
California
$187K +$25K +7,462 +15%
HighTower Advisors
42
HighTower Advisors
Illinois
$175K -$9.55K -2,852 -5%
Wells Fargo
43
Wells Fargo
California
$173K -$335K -100,037 -65%
JP Morgan Chase
44
JP Morgan Chase
New York
$171K -$311K -92,787 -64%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$142K +$22.7K +6,786 +18%
Citadel Advisors
46
Citadel Advisors
Florida
$124K -$105K -31,486 -45%
SWM
47
Stockman Wealth Management
Montana
$123K – – –
RVPG
48
Relative Value Partners Group
$122K +$23.4K +7,000 +23%
TCA
49
Transcend Capital Advisors
New Jersey
$117K +$123K +36,620 New
SCM
50
Southport Capital Management
Tennessee
$116K – – –
1
2
3 4

PNNT Hedge Fund Activity: Q3 2020 in Review

87 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2020, worth a combined $64.1M — down 19% from $79.6M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PNNT and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 21 added.

The largest buyer was Callodine Capital Management, adding an estimated $1.04M. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $1.65M sold.

  • 87 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2020, down from 89 in Q2 2020.
  • Funds reported $64.1M of Pennant Park Investment Corp stock for Q3 2020, down 19% quarter-over-quarter.
  • 12 funds opened new Pennant Park Investment Corp positions in Q3 2020 and 14 closed out, a net change of -2 holders.
  • The largest Pennant Park Investment Corp buyer in Q3 2020 was Callodine Capital Management, an estimated $1.04M added.
  • The largest Pennant Park Investment Corp seller in Q3 2020 was B. Riley Wealth Management, an estimated $1.65M sold.

Based on aggregated 13F filings for Q3 2020.