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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
WAM
76
Wealthspire Advisors (Maryland)
Maryland
$186K – – –
PI
77
PineBridge Investments
New York
$182K -$11.8K -1,467 -6%
PCM
78
Prelude Capital Management
New York
$176K +$174K +21,600 New
KCM
79
Kempner Capital Management
Texas
$148K – – –
Stifel Financial
80
Stifel Financial
Missouri
$147K +$45.1K +5,600 +44%
SBIA
81
Sheaff Brock Investment Advisors
Indiana
$137K – – –
GXMC
82
Global X Management Company
New York
$136K +$44.8K +5,563 +50%
SI
83
Stephens Inc
Arkansas
$135K -$4.82K -598 -3%
VKH
84
Virtu KCG Holdings
New York
$132K -$12.1K -1,499 -8%
CA
85
Corrado Advisors
New Jersey
$127K -$239K -29,695 -66%
CIBC World Market
86
CIBC World Market
Ontario, Canada
$115K -$21.8K -2,704 -16%
RJA
87
Raymond James & Associates
Florida
$114K -$16.9K -2,100 -13%
Citadel Advisors
88
Citadel Advisors
Florida
$104K -$160K -19,809 -61%
CWM
89
Concert Wealth Management
California
$99K – – –
Cerity Partners
90
Cerity Partners
New York
$98K +$96.7K +12,000 New
MF
91
Magnetar Financial
Illinois
$95K +$93.7K +11,628 New
D.E. Shaw & Co
92
D.E. Shaw & Co
New York
$88K +$86.7K +10,758 New
HPC
93
HM Payson & Co
Maine
$83K – – –
EFS
94
Essex Financial Services
Connecticut
$81K – – –
ASN
95
Advisory Services Network
Georgia
$79K +$78.4K +9,733 New
AIP
96
Ameritas Investment Partners
Nebraska
$41K – – –
Bessemer Group
97
Bessemer Group
New Jersey
$36K – – –
Bank of America
98
Bank of America
North Carolina
$35K -$78.5K -9,741 -69%
Manulife (Manufacturers Life Insurance)
99
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$35K – – –
AIM
100
Advantage Investment Management
Iowa
$35K +$34.8K +4,322 New
2 3
4
5 6

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.