Pennant Park Investment Corp
PNNT
128 hedge funds and large institutions have $328M invested in Pennant Park Investment Corp in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
26% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 39
8% more funds holding
Funds holding: 118 → 128 (+10)
2% less capital invested
Capital invested by funds: $334M → $328M (-$6.83M)
40% less call options, than puts
Call options by funds: $128K | Put options by funds: $215K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.8M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.19M |
| 3 |
Two Sigma Investments
New York
|
+$1.54M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$1.39M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.27M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.74M |
| 3 |
SCM
Silver Capital Management
New York
|
-$2.48M |
| 4 |
SAM
Selway Asset Management
|
-$2.1M |
| 5 |
AIM
ADAR Investment Management
Englewood,
New Jersey
|
-$2.09M |
PNNT Hedge Fund Activity: Q3 2013 in Review
128 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2013, worth a combined $328M — down 2% from $334M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PNNT positions and 6 closed out — a net gain of 11 holders — while 49 added to existing stakes and 39 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.8M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $8.27M sold.
- 128 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2013, up from 118 in Q2 2013.
- Funds reported $328M of Pennant Park Investment Corp stock for Q3 2013, down 2% quarter-over-quarter.
- 17 funds opened new Pennant Park Investment Corp positions in Q3 2013 and 6 closed out, a net change of +11 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2013 was Advisors Asset Management, an estimated $2.8M added.
- The largest Pennant Park Investment Corp seller in Q3 2013 was Sit Investment Associates, an estimated $8.27M sold.
Based on aggregated 13F filings for Q3 2013.