Pennant Park Investment Corp
PNNT
120 hedge funds and large institutions have $120M invested in Pennant Park Investment Corp in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 19 closing their positions.
15,150% more call options, than puts
Call options by funds: $1.22M | Put options by funds: $8K
32% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.72% less ownership
Funds ownership: 28.54% → 26.82% (-1.7%)
4% less funds holding
Funds holding: 125 → 120 (-5)
6% less capital invested
Capital invested by funds: $129M → $120M (-$8.3M)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Truvestments Capital
Sarasota,
Florida
|
+$1.94M |
| 2 |
Rockefeller Capital Management
New York
|
+$1.36M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.06M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$770K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$746K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.01M |
| 2 |
Millennium Management
New York
|
-$3.12M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$2.1M |
| 4 |
LCWP
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
-$1.63M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$958K |
PNNT Hedge Fund Activity: Q1 2024 in Review
120 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2024, worth a combined $120M — down 6.4% from $129M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PNNT and 15 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 45 added.
The largest buyer was Truvestments Capital, opening a new position worth an estimated $1.94M. The largest seller was Morgan Stanley, cutting an estimated $4.01M.
- 120 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2024, down from 125 in Q4 2023.
- Funds reported $120M of Pennant Park Investment Corp stock for Q1 2024, down 6.4% quarter-over-quarter.
- 15 funds opened new Pennant Park Investment Corp positions in Q1 2024 and 19 closed out, a net change of -4 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2024 was Truvestments Capital, an estimated $1.94M added.
- The largest Pennant Park Investment Corp seller in Q1 2024 was Morgan Stanley, an estimated $4.01M sold.
Based on aggregated 13F filings for Q1 2024.