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PNNT

Pennant Park Investment Corp
PNNT

116 hedge funds and large institutions have $163M invested in Pennant Park Investment Corp in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more call options, than puts

Call options by funds: $270K | Put options by funds: $121K

15% more capital invested

Capital invested by funds: $141M → $163M (+$21.6M)

6% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 35

3% less funds holding

Funds holding: 120 → 116 (-4)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
116
Holders Change
-4
Holders Change %
-3.33%
% of All Funds
3.09%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
14
Increased
37
Reduced
35
Closed
18
Calls
$270K
Puts
$121K
Net Calls
+$149K
Net Calls Change
+$629K

Top Buyers

1
BAM
Burgundy Asset Management
Ontario, Canada
+$4.65M
2
AM
Ares Management
California
+$2.89M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
MCM
McKinley Capital Management
Alaska
+$1.99M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$868K

Top Sellers

1
AAM
Advisors Asset Management
Colorado
-$2.59M
2
UBS Group
UBS Group
Switzerland
-$1.62M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$1.25M
4
Two Sigma Investments
Two Sigma Investments
New York
-$1.11M
5
PCIG
Partners Capital Investment Group
Massachusetts
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
76
SG Americas Securities
New York
$104K -$8.41K -1,300 -8%
SG
77
Societe Generale
$104K +$98.2K +15,183 New
EFS
78
Essex Financial Services
Connecticut
$104K +$99K +15,300 New
VKH
79
Virtu KCG Holdings
New York
$102K +$97K +14,989 New
TC
80
TFS Capital
Pennsylvania
$88K -$12.3K -1,908 -13%
IA
81
IFP Advisors
Florida
$83K +$70K +10,826 +837%
Commonwealth Equity Services
82
Commonwealth Equity Services
Massachusetts
$80K -$12.6K -1,943 -14%
Goldman Sachs
83
Goldman Sachs
New York
$79K -$44.5K -6,882 -37%
Stifel Financial
84
Stifel Financial
Missouri
$74K +$5.17K +800 +8%
Manulife (Manufacturers Life Insurance)
85
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$72K -$852K -131,760 -93%
HPC
86
HM Payson & Co
Maine
$69K – – –
ASN
87
Advisory Services Network
Georgia
$65K +$29.1K +4,500 +90%
Deutsche Bank
88
Deutsche Bank
Germany
$41K -$9.68K -1,496 -20%
AIP
89
Ameritas Investment Partners
Nebraska
$35K – – –
ST
90
Spot Trading
Illinois
$30K -$87.5K -13,534 -76%
Bessemer Group
91
Bessemer Group
New Jersey
$30K – – –
GXMC
92
Global X Management Company
New York
$29K +$9.56K +1,478 +53%
PCM
93
Prelude Capital Management
New York
$29K +$27.8K +4,300 New
Creative Planning
94
Creative Planning
Kansas
$26K +$9.06K +1,400 +59%
US Bancorp
95
US Bancorp
Minnesota
$25K – – –
First Manhattan
96
First Manhattan
New York
$20K – – –
HR
97
Howe & Rusling
New York
$14K – – –
NSIM
98
North Star Investment Management
Illinois
$14K +$12.9K +2,000 New
OSNBOA
99
Old Second National Bank of Aurora
Illinois
$12K +$4.54K +702 +70%
JC
100
JBF Capital
Colorado
$10K – – –
2 3
4
5 6

PNNT Hedge Fund Activity: Q2 2016 in Review

116 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2016, worth a combined $163M — up 15% from $141M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PNNT and 14 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 37 added.

The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $4.65M. The largest seller was Advisors Asset Management, cutting an estimated $2.59M.

  • 116 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2016, down from 120 in Q1 2016.
  • Funds reported $163M of Pennant Park Investment Corp stock for Q2 2016, up 15% quarter-over-quarter.
  • 14 funds opened new Pennant Park Investment Corp positions in Q2 2016 and 18 closed out, a net change of -4 holders.
  • The largest Pennant Park Investment Corp buyer in Q2 2016 was Burgundy Asset Management, an estimated $4.65M added.
  • The largest Pennant Park Investment Corp seller in Q2 2016 was Advisors Asset Management, an estimated $2.59M sold.

Based on aggregated 13F filings for Q2 2016.