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PNNT

Pennant Park Investment Corp
PNNT

121 hedge funds and large institutions have $199M invested in Pennant Park Investment Corp in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 42 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

104% more call options, than puts

Call options by funds: $547K | Put options by funds: $268K

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 122 → 121 (-1)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

3.02% less ownership

Funds ownership: 45.06% → 42.04% (-3%)

7% less capital invested

Capital invested by funds: $214M → $199M (-$14.8M)

21% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 42

Holders
121
Holders Change
-1
Holders Change %
-0.82%
% of All Funds
2.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
33
Reduced
42
Closed
17
Calls
$547K
Puts
$268K
Net Calls
+$279K
Net Calls Change
+$308K

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$3.71M
2
AM
Ares Management
California
+$3.29M
3
CLM
ClearBridge LLC (Maryland)
Maryland
+$1.47M
4
OAM
Oxford Asset Management
United Kingdom
+$1.21M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$979K

Top Sellers

Rank Fund Capital Flow
1
BAM
Burgundy Asset Management
Ontario, Canada
-$14.4M
2
Wells Fargo
Wells Fargo
California
-$1.97M
3
Millennium Management
Millennium Management
New York
-$1.42M
4
Invesco
Invesco
Georgia
-$1.26M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bessemer Group
101
Bessemer Group
New Jersey
$31K – – –
IA
102
IFP Advisors
Florida
$31K – – –
WB
103
Webster Bank
Connecticut
$26K – – –
Deutsche Bank
104
Deutsche Bank
Germany
$25K +$5.62K +800 +30%
ED
105
Exane Derivatives
France
$22.9K +$3.04K +433 +15%
BC
106
Barnett & Company
Tennessee
$16K +$16.4K +2,335 New
PNC Financial Services Group
107
PNC Financial Services Group
Pennsylvania
$15K – – –
CLM
108
ClearBridge LLC (Maryland)
Maryland
$12K +$1.47M +209,021 +14%
OSNBOA
109
Old Second National Bank of Aurora
Illinois
$12K – – –
JCM
110
Jacobi Capital Management
Pennsylvania
$9K – – –
FGAM
111
Financial Gravity Asset Management
Texas
$9K +$7.78K +1,107 New
MCM
112
Mainstay Capital Management
Michigan
$8K +$8.43K +1,200 New
TRCT
113
Tower Research Capital (TRC)
New York
$6K -$66.4K -9,446 -91%
WAS
114
Winch Advisory Services
Wisconsin
$5K – – –
FIA
115
FNY Investment Advisers
New York
$5K +$5.69K +810 New
PA
116
Parallel Advisors
California
$4K – – –
FHA
117
Flagship Harbor Advisors
Massachusetts
$4K +$4.41K +627 New
GRP
118
Global Retirement Partners
California
$2K – – –
CFN
119
Cordasco Financial Network
Florida
$1K – – –
ClearBridge Investments
120
ClearBridge Investments
New York
$1K +$211 +30 +20%
SPIA
121
Steward Partners Investment Advisory
New York
$1K +$759 +108 New
BAM
122
Burgundy Asset Management
Ontario, Canada
– -$14.4M -2,155,865 Closed
Invesco
123
Invesco
Georgia
– -$1.26M -187,978 Closed
Arrowstreet Capital
124
Arrowstreet Capital
Massachusetts
– -$1.13M -169,400 Closed
PAM
125
PVG Asset Management
Colorado
– -$1M -150,320 Closed
2 3 4
5
6

PNNT Hedge Fund Activity: Q2 2018 in Review

121 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2018, worth a combined $199M — down 6.9% from $214M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of PNNT and 16 opened new positions — a net loss of 1 holder — while 42 trimmed existing stakes and 33 added.

The largest buyer was JP Morgan Chase, adding an estimated $3.71M. The largest seller was Burgundy Asset Management, exiting entirely with an estimated $14.4M sold.

  • 121 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2018, down from 122 in Q1 2018.
  • Funds reported $199M of Pennant Park Investment Corp stock for Q2 2018, down 6.9% quarter-over-quarter.
  • 16 funds opened new Pennant Park Investment Corp positions in Q2 2018 and 17 closed out, a net change of -1 holder.
  • The largest Pennant Park Investment Corp buyer in Q2 2018 was JP Morgan Chase, an estimated $3.71M added.
  • The largest Pennant Park Investment Corp seller in Q2 2018 was Burgundy Asset Management, an estimated $14.4M sold.

Based on aggregated 13F filings for Q2 2018.