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PNNT

Pennant Park Investment Corp
PNNT

142 hedge funds and large institutions have $296M invested in Pennant Park Investment Corp in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 53 increasing their positions, 35 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 35

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 148 → 142 (-6)

8% less capital invested

Capital invested by funds: $324M → $296M (-$27.5M)

16% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 37

80% less call options, than puts

Call options by funds: $103K | Put options by funds: $512K

Holders
142
Holders Change
-6
Holders Change %
-4.05%
% of All Funds
4.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
31
Increased
53
Reduced
35
Closed
37
Calls
$103K
Puts
$512K
Net Calls
-$409K
Net Calls Change
-$224K

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$3.37M
2
AAM
Advisors Asset Management
Colorado
+$3.22M
3
PP
Paloma Partners
Connecticut
+$3.14M
4
CS
Credit Suisse
Switzerland
+$2.63M
5
SCM
Sterneck Capital Management
Missouri
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$20.4M
2
State Street
State Street
Massachusetts
-$13.6M
3
BIT
BlackRock Institutional Trust
California
-$9.05M
4
American Century Companies
American Century Companies
Missouri
-$5.44M
5
JP Morgan Chase
JP Morgan Chase
New York
-$4.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
AL
101
Airain Ltd
Guernsey
$170K -$90.5K -8,249 -36%
KCM
102
Kempner Capital Management
Texas
$167K +$160K +14,600 New
NCMW
103
Northern Capital Management (Wisconsin)
Wisconsin
$161K +$154K +14,008 New
RhumbLine Advisers
104
RhumbLine Advisers
Massachusetts
$160K -$909K -82,897 -86%
WRM
105
Westport Resources Management
Connecticut
$144K -$150K -13,719 -52%
PCM
106
Prelude Capital Management
New York
$143K +$137K +12,500 New
AG
107
Aperio Group
California
$134K +$9.97K +909 +8%
EWM
108
Evercore Wealth Management
New York
$132K +$110K +10,000 +667%
CA
109
Cetera Advisors
Colorado
$130K +$801 +73 +0.7%
RCM
110
Rotella Capital Management
Washington
$130K +$124K +11,343 New
WS
111
Wedbush Securities
California
$124K +$118K +10,799 New
TA
112
Teachers Advisors
New York
$120K -$1.02M -93,372 -90%
NI
113
Numeric Investors
Massachusetts
$116K +$111K +10,100 New
DADC
114
D.A. Davidson & Co
Montana
$114K +$14.2K +1,299 +15%
Axa
115
Axa
France
$94K +$89.9K +8,200 New
FNBT
116
FineMark National Bank & Trust
Florida
$58K – – –
Ameriprise
117
Ameriprise
Minnesota
$56K +$51.4K +4,687 +2,678%
Bessemer Group
118
Bessemer Group
New Jersey
$46K – – –
First Manhattan
119
First Manhattan
New York
$34K – – –
BPBT
120
Boston Private Bank & Trust
Massachusetts
$29K – – –
FANJ
121
Financial Architects (New Jersey)
New Jersey
$29K +$27.4K +2,500 New
Creative Planning
122
Creative Planning
Kansas
$24K -$28.3K -2,580 -56%
BRWM
123
B. Riley Wealth Management
Tennessee
$24K +$12.4K +1,127 +113%
CTC
124
Central Trust Company
Missouri
$23K – – –
HR
125
Howe & Rusling
New York
$23K – – –
3 4
5
6 7

PNNT Hedge Fund Activity: Q2 2014 in Review

142 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2014, worth a combined $296M — down 8.5% from $324M a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of PNNT and 31 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 53 added.

The largest buyer was Deutsche Bank, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $20.4M sold.

  • 142 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2014, down from 148 in Q1 2014.
  • Funds reported $296M of Pennant Park Investment Corp stock for Q2 2014, down 8.5% quarter-over-quarter.
  • 31 funds opened new Pennant Park Investment Corp positions in Q2 2014 and 37 closed out, a net change of -6 holders.
  • The largest Pennant Park Investment Corp buyer in Q2 2014 was Deutsche Bank, an estimated $3.37M added.
  • The largest Pennant Park Investment Corp seller in Q2 2014 was BlackRock Fund Advisors, an estimated $20.4M sold.

Based on aggregated 13F filings for Q2 2014.