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PNNT

Pennant Park Investment Corp
PNNT

116 hedge funds and large institutions have $163M invested in Pennant Park Investment Corp in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more call options, than puts

Call options by funds: $270K | Put options by funds: $121K

15% more capital invested

Capital invested by funds: $141M → $163M (+$21.6M)

6% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 35

3% less funds holding

Funds holding: 120 → 116 (-4)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
116
Holders Change
-4
Holders Change %
-3.33%
% of All Funds
3.09%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
14
Increased
37
Reduced
35
Closed
18
Calls
$270K
Puts
$121K
Net Calls
+$149K
Net Calls Change
+$629K

Top Buyers

1
BAM
Burgundy Asset Management
Ontario, Canada
+$4.65M
2
AM
Ares Management
California
+$2.89M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
MCM
McKinley Capital Management
Alaska
+$1.99M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$868K

Top Sellers

1
AAM
Advisors Asset Management
Colorado
-$2.59M
2
UBS Group
UBS Group
Switzerland
-$1.62M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$1.25M
4
Two Sigma Investments
Two Sigma Investments
New York
-$1.11M
5
PCIG
Partners Capital Investment Group
Massachusetts
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
101
Advisor Group
Arizona
$8K +$8.79K +1,359 New
Fifth Third Bancorp
102
Fifth Third Bancorp
Ohio
$7K -$12.9K -2,000 -67%
RFA
103
Reilly Financial Advisors
California
$7K – – –
VIA
104
Vantage Investment Advisors
Pennsylvania
$7K – – –
TRCT
105
Tower Research Capital (TRC)
New York
$7K +$6.9K +1,066 New
WEC
106
Winslow Evans & Crocker
Massachusetts
$6.83K – – –
JCM
107
Jacobi Capital Management
Pennsylvania
$6K +$5.65K +873 New
PCM
108
Penserra Capital Management
California
$5K – – –
MFS
109
MSI Financial Services
Massachusetts
$4K -$28.2K -4,354 -87%
GWM
110
Geneos Wealth Management
Colorado
$2K – – –
HI
111
Hudock Inc
Pennsylvania
$2K – – –
WAS
112
Winch Advisory Services
Wisconsin
$2K – – –
ClearBridge Investments
113
ClearBridge Investments
New York
$1K +$129 +20 +16%
Simplex Trading
114
Simplex Trading
Illinois
$1K +$1.25K +193 New
UBS AM
115
UBS AM
Illinois
– -$801K -132,257 Closed
BCM
116
Buckhead Capital Management
Georgia
– -$606K -100,000 Closed
Capital Fund Management (CFM)
117
Capital Fund Management (CFM)
France
– -$506K -83,500 Closed
AL
118
Airain Ltd
Guernsey
– -$294K -48,483 Closed
Millennium Management
119
Millennium Management
New York
– -$281K -46,447 Closed
DTL
120
Dynamic Technology Lab
Singapore
– -$227K -37,428 Closed
HB
121
Homrich & Berg
Georgia
– -$181K -29,798 Closed
Connor, Clark & Lunn Investment Management (CC&L)
122
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$138K -22,800 Closed
FRM
123
Fox Run Management
Connecticut
– -$118K -19,500 Closed
AIG
124
American International Group
New York
– -$103K -17,042 Closed
TI
125
Truepoint Inc
Ohio
– -$88K -14,600 Closed
2 3 4
5
6

PNNT Hedge Fund Activity: Q2 2016 in Review

116 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2016, worth a combined $163M — up 15% from $141M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PNNT and 14 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 37 added.

The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $4.65M. The largest seller was Advisors Asset Management, cutting an estimated $2.59M.

  • 116 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2016, down from 120 in Q1 2016.
  • Funds reported $163M of Pennant Park Investment Corp stock for Q2 2016, up 15% quarter-over-quarter.
  • 14 funds opened new Pennant Park Investment Corp positions in Q2 2016 and 18 closed out, a net change of -4 holders.
  • The largest Pennant Park Investment Corp buyer in Q2 2016 was Burgundy Asset Management, an estimated $4.65M added.
  • The largest Pennant Park Investment Corp seller in Q2 2016 was Advisors Asset Management, an estimated $2.59M sold.

Based on aggregated 13F filings for Q2 2016.