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PNNT

Pennant Park Investment Corp
PNNT

125 hedge funds and large institutions have $247M invested in Pennant Park Investment Corp in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 13

37% more call options, than puts

Call options by funds: $111K | Put options by funds: $81K

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

11% more capital invested

Capital invested by funds: $224M → $247M (+$23.7M)

7% more funds holding

Funds holding: 117 → 125 (+8)

1.66% more ownership

Funds ownership: 41.12% → 42.78% (+1.7%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
125
Holders Change
+8
Holders Change %
+6.84%
% of All Funds
3.11%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
23
Increased
37
Reduced
33
Closed
13
Calls
$111K
Puts
$81K
Net Calls
+$30K
Net Calls Change
+$225K

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$11.7M
2
MC
Muzinich & Co
New York
+$7.08M
3
BlackRock
BlackRock
New York
+$4.7M
4
UBS Group
UBS Group
Switzerland
+$2.71M
5
MCM
McKinley Capital Management
Alaska
+$2.14M

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$8.04M
2
DFG
Delphi Financial Group
Delaware
-$3.87M
3
PCIG
Partners Capital Investment Group
Massachusetts
-$3.55M
4
Wells Fargo
Wells Fargo
California
-$2.42M
5
BAM
Burgundy Asset Management
Ontario, Canada
-$2.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
EVM
51
Eaton Vance Management
Massachusetts
$593K – – –
CS
52
Credit Suisse
Switzerland
$554K +$421K +52,200 +330%
PGH
53
Partners Group Holding
Switzerland
$554K +$548K +68,000 New
NSEDCP
54
NJ State Employees Deferred Compensation Plan
New Jersey
$543K – – –
CANY
55
Caxton Associates (New York)
New York
$493K +$488K +60,518 New
Cambridge Investment Research Advisors
56
Cambridge Investment Research Advisors
Iowa
$492K +$596 +74 +0.1%
AAMU
57
AEGON Asset Management (UK)
United Kingdom
$475K +$472K +58,519 New
MNA
58
Manning & Napier Advisors
New York
$454K – – –
AG
59
Aperio Group
California
$419K +$32K +3,970 +8%
AWA
60
Arete Wealth Advisors
Illinois
$410K +$862 +107 +0.2%
California Public Employees Retirement System
61
California Public Employees Retirement System
California
$344K +$340K +42,200 New
EGA
62
Eagle Global Advisors
Texas
$325K +$133K +16,510 +70%
NCCM
63
Nine Chapters Capital Management
New Jersey
$308K +$305K +37,800 New
LPL Financial
64
LPL Financial
California
$306K -$16K -1,980 -5%
OA
65
Oxbow Advisors
Texas
$292K – – –
BP
66
BBR Partners
New York
$279K – – –
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$249K -$32.8K -4,064 -12%
OIA
68
Optimum Investment Advisors
Illinois
$244K – – –
Ameriprise
69
Ameriprise
Minnesota
$243K +$149K +18,533 +164%
PAG
70
Private Advisor Group
New Jersey
$228K – – –
CAM
71
Cubic Asset Management
Massachusetts
$218K -$8.06K -1,000 -4%
BCM
72
BlueCrest Capital Management
Jersey
$217K +$214K +26,601 New
Barclays
73
Barclays
United Kingdom
$215K +$212K +26,363 New
Baird Financial Group
74
Baird Financial Group
Wisconsin
$201K -$2.95K -366 -1%
Commonwealth Equity Services
75
Commonwealth Equity Services
Massachusetts
$193K +$1.21K +150 +0.6%
1 2
3
4 5

PNNT Hedge Fund Activity: Q1 2017 in Review

125 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2017, worth a combined $247M — up 11% from $224M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PNNT positions and 13 closed out — a net gain of 10 holders — while 37 added to existing stakes and 33 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $11.7M. The largest seller was Ironsides Partners, cutting an estimated $8.04M.

  • 125 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2017, up from 117 in Q4 2016.
  • Funds reported $247M of Pennant Park Investment Corp stock for Q1 2017, up 11% quarter-over-quarter.
  • 23 funds opened new Pennant Park Investment Corp positions in Q1 2017 and 13 closed out, a net change of +10 holders.
  • The largest Pennant Park Investment Corp buyer in Q1 2017 was LSV Asset Management, an estimated $11.7M added.
  • The largest Pennant Park Investment Corp seller in Q1 2017 was Ironsides Partners, an estimated $8.04M sold.

Based on aggregated 13F filings for Q1 2017.