Pennant Park Investment Corp
PNNT
110 hedge funds and large institutions have $116M invested in Pennant Park Investment Corp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 25 reducing their positions, and 15 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 112 → 110 (-2)
1.95% less ownership
Funds ownership: 35.6% → 33.65% (-2%)
13% less capital invested
Capital invested by funds: $134M → $116M (-$17.8M)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
82% less call options, than puts
Call options by funds: $50K | Put options by funds: $280K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.52M |
| 2 |
GG
Golden Green
Seneca,
South Carolina
|
+$1.35M |
| 3 |
Goldman Sachs
New York
|
+$839K |
| 4 |
D.E. Shaw & Co
New York
|
+$445K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$437K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$6.82M |
| 2 |
Millennium Management
New York
|
-$1.42M |
| 3 |
Two Sigma Investments
New York
|
-$979K |
| 4 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$881K |
| 5 |
AM
Ares Management
Los Angeles,
California
|
-$765K |
PNNT Hedge Fund Activity: Q1 2023 in Review
110 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2023, worth a combined $116M — down 13% from $134M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PNNT and 13 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 47 added.
The largest buyer was Invesco, adding an estimated $1.52M. The largest seller was Almitas Capital, cutting an estimated $6.82M.
- 110 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2023, down from 112 in Q4 2022.
- Funds reported $116M of Pennant Park Investment Corp stock for Q1 2023, down 13% quarter-over-quarter.
- 13 funds opened new Pennant Park Investment Corp positions in Q1 2023 and 15 closed out, a net change of -2 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2023 was Invesco, an estimated $1.52M added.
- The largest Pennant Park Investment Corp seller in Q1 2023 was Almitas Capital, an estimated $6.82M sold.
Based on aggregated 13F filings for Q1 2023.