Pennant Park Investment Corp
PNNT
120 hedge funds and large institutions have $192M invested in Pennant Park Investment Corp in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 36 increasing their positions, 37 reducing their positions, and 16 closing their positions.
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
6% more funds holding
Funds holding: 113 → 120 (+7)
1.49% more ownership
Funds ownership: 42.09% → 43.58% (+1.5%)
3% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 37
21% less capital invested
Capital invested by funds: $242M → $192M (-$50.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$2.97M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.87M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.86M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.66M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$3.12M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$2.83M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$2.68M |
| 4 |
MC
Muzinich & Co
New York
|
-$2.31M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.21M |
PNNT Hedge Fund Activity: Q4 2018 in Review
120 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q4 2018, worth a combined $192M — down 21% from $242M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PNNT positions and 16 closed out — a net gain of 8 holders — while 36 added to existing stakes and 37 trimmed.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $2.97M. The largest seller was B. Riley Financial, exiting entirely with an estimated $3.12M sold.
- 120 institutional investors held Pennant Park Investment Corp (PNNT) as of Q4 2018, up from 113 in Q3 2018.
- Funds reported $192M of Pennant Park Investment Corp stock for Q4 2018, down 21% quarter-over-quarter.
- 24 funds opened new Pennant Park Investment Corp positions in Q4 2018 and 16 closed out, a net change of +8 holders.
- The largest Pennant Park Investment Corp buyer in Q4 2018 was B. Riley Wealth Management, an estimated $2.97M added.
- The largest Pennant Park Investment Corp seller in Q4 2018 was B. Riley Financial, an estimated $3.12M sold.
Based on aggregated 13F filings for Q4 2018.