Pennant Park Investment Corp
PNNT
89 hedge funds and large institutions have $79.6M invested in Pennant Park Investment Corp in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 34 reducing their positions, and 27 closing their positions.
21% more capital invested
Capital invested by funds: $65.7M → $79.6M (+$14M)
5.38% less ownership
Funds ownership: 37.87% → 32.49% (-5.4%)
18% less funds holding
Funds holding: 108 → 89 (-19)
24% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 34
66% less call options, than puts
Call options by funds: $57K | Put options by funds: $167K
70% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.08M |
| 2 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$665K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$590K |
| 4 |
Morgan Stanley
New York
|
+$350K |
| 5 |
CANY
Caxton Associates (New York)
New York
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.34M |
| 2 |
Millennium Management
New York
|
-$2.33M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.3M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.63M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$716K |
PNNT Hedge Fund Activity: Q2 2020 in Review
89 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2020, worth a combined $79.6M — up 21% from $65.7M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PNNT and 8 opened new positions — a net loss of 19 holders — while 34 trimmed existing stakes and 26 added.
The largest buyer was Invesco, adding an estimated $1.08M. The largest seller was Kennedy Capital Management, cutting an estimated $2.34M.
- 89 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2020, down from 108 in Q1 2020.
- Funds reported $79.6M of Pennant Park Investment Corp stock for Q2 2020, up 21% quarter-over-quarter.
- 8 funds opened new Pennant Park Investment Corp positions in Q2 2020 and 27 closed out, a net change of -19 holders.
- The largest Pennant Park Investment Corp buyer in Q2 2020 was Invesco, an estimated $1.08M added.
- The largest Pennant Park Investment Corp seller in Q2 2020 was Kennedy Capital Management, an estimated $2.34M sold.
Based on aggregated 13F filings for Q2 2020.