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PNNT

Pennant Park Investment Corp
PNNT

93 hedge funds and large institutions have $120M invested in Pennant Park Investment Corp in 2021 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 20 increasing their positions, 34 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

44% more capital invested

Capital invested by funds: $83.5M → $120M (+$36.9M)

11% more funds holding

Funds holding: 84 → 93 (+9)

4.12% more ownership

Funds ownership: 27.67% → 31.8% (+4.1%)

41% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 34

42% less call options, than puts

Call options by funds: $412K | Put options by funds: $716K

Holders
93
Holders Change
+9
Holders Change %
+10.71%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
20
Reduced
34
Closed
10
Calls
$412K
Puts
$716K
Net Calls
-$304K
Net Calls Change
+$234K

Top Buyers

Rank Fund Capital Flow
1
AM
Ares Management
California
+$14.2M
2
PI
Putnam Investments
Massachusetts
+$2.92M
3
CCM
Callodine Capital Management
Massachusetts
+$1.38M
4
VanEck Associates
VanEck Associates
New York
+$1.02M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$2.09M
2
MCA
Mendon Capital Advisors
Florida
-$1.64M
3
HF
HRT Financial
New York
-$1.01M
4
BlackRock
BlackRock
New York
-$455K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$408K
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
76
Victory Capital Management
Texas
$62K -$1.85K -339 -3%
SBIA
77
Sheaff Brock Investment Advisors
Indiana
$60K -$4.1K -750 -7%
FIA
78
FNY Investment Advisers
New York
$60K +$58.7K +10,734 New
Citigroup
79
Citigroup
New York
$59K – – –
Group One Trading
80
Group One Trading
Illinois
$56K +$53.8K +9,828 New
Royal Bank of Canada
81
Royal Bank of Canada
Ontario, Canada
$52K +$5.54K +1,012 +12%
TRCT
82
Tower Research Capital (TRC)
New York
$46K +$44K +8,052 New
Northwestern Mutual Wealth Management
83
Northwestern Mutual Wealth Management
Wisconsin
$41K – – –
Bessemer Group
84
Bessemer Group
New Jersey
$25K – – –
HI
85
Harbour Investments
Wisconsin
$14K +$13.9K +2,540 New
SPIA
86
Steward Partners Investment Advisory
New York
$11.3K +$10.9K +2,000 New
WB
87
Webster Bank
Connecticut
$11K – – –
OSNBOA
88
Old Second National Bank of Aurora
Illinois
$10K – – –
PNC Financial Services Group
89
PNC Financial Services Group
Pennsylvania
$10K +$9.85K +1,800 New
SFS
90
Sowell Financial Services
Arkansas
$4K – – –
RE
91
RBC Europe
United Kingdom
$3.87K – – –
WFI
92
West Family Investments
California
– -$1.99K -433,348 Closed
HF
93
HRT Financial
New York
– -$1.01M -219,421 Closed
D.E. Shaw & Co
94
D.E. Shaw & Co
New York
– -$228K -49,512 Closed
SCM
95
Southport Capital Management
Tennessee
– -$161K -34,910 Closed
CSS
96
Cubist Systematic Strategies
Connecticut
– -$131K -28,484 Closed
Connor, Clark & Lunn Investment Management (CC&L)
97
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$130K -28,196 Closed
MWNA
98
Marshall Wace North America
New York
– -$86K -18,589 Closed
OMC
99
Old Mission Capital
Illinois
– -$70K -15,272 Closed
EVC
100
Eidelman Virant Capital
Missouri
– -$69K -15,000 Closed
1 2 3
4
5

PNNT Hedge Fund Activity: Q1 2021 in Review

93 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2021, worth a combined $120M — up 44% from $83.5M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new PNNT positions and 10 closed out — a net gain of 9 holders — while 20 added to existing stakes and 34 trimmed.

The largest buyer was Ares Management, adding an estimated $14.2M. The largest seller was Millennium Management, cutting an estimated $2.09M.

  • 93 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2021, up from 84 in Q4 2020.
  • Funds reported $120M of Pennant Park Investment Corp stock for Q1 2021, up 44% quarter-over-quarter.
  • 19 funds opened new Pennant Park Investment Corp positions in Q1 2021 and 10 closed out, a net change of +9 holders.
  • The largest Pennant Park Investment Corp buyer in Q1 2021 was Ares Management, an estimated $14.2M added.
  • The largest Pennant Park Investment Corp seller in Q1 2021 was Millennium Management, an estimated $2.09M sold.

Based on aggregated 13F filings for Q1 2021.