Pennant Park Investment Corp
PNNT
115 hedge funds and large institutions have $123M invested in Pennant Park Investment Corp in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 11 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 29
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
6% more capital invested
Capital invested by funds: $116M → $123M (+$7.38M)
5% more funds holding
Funds holding: 110 → 115 (+5)
1.61% less ownership
Funds ownership: 33.65% → 32.04% (-1.6%)
80% less call options, than puts
Call options by funds: $30K | Put options by funds: $151K
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.29M |
| 2 |
Two Sigma Investments
New York
|
+$1.6M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$682K |
| 4 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$676K |
| 5 |
AGM
Alpine Global Management
New York
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$6.53M |
| 2 |
RVPG
Relative Value Partners Group
|
-$5.6M |
| 3 |
MC
Muzinich & Co
New York
|
-$1.09M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$1.09M |
| 5 |
LCWP
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
-$931K |
PNNT Hedge Fund Activity: Q2 2023 in Review
115 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2023, worth a combined $123M — up 6.4% from $116M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PNNT positions and 11 closed out — a net gain of 5 holders — while 43 added to existing stakes and 29 trimmed.
The largest buyer was Millennium Management, adding an estimated $4.29M. The largest seller was Almitas Capital, exiting entirely with an estimated $6.53M sold.
- 115 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2023, up from 110 in Q1 2023.
- Funds reported $123M of Pennant Park Investment Corp stock for Q2 2023, up 6.4% quarter-over-quarter.
- 16 funds opened new Pennant Park Investment Corp positions in Q2 2023 and 11 closed out, a net change of +5 holders.
- The largest Pennant Park Investment Corp buyer in Q2 2023 was Millennium Management, an estimated $4.29M added.
- The largest Pennant Park Investment Corp seller in Q2 2023 was Almitas Capital, an estimated $6.53M sold.
Based on aggregated 13F filings for Q2 2023.