Pennant Park Investment Corp
PNNT
84 hedge funds and large institutions have $83.5M invested in Pennant Park Investment Corp in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 20 closing their positions.
30% more capital invested
Capital invested by funds: $64.1M → $83.5M (+$19.4M)
2.29% less ownership
Funds ownership: 29.97% → 27.67% (-2.3%)
3% less funds holding
Funds holding: 87 → 84 (-3)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
15% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 20
94% less call options, than puts
Call options by funds: $34K | Put options by funds: $572K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$2.82M |
| 2 |
Millennium Management
New York
|
+$2.28M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$1.98M |
| 4 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$1.51M |
| 5 |
Two Sigma Investments
New York
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$6.2M |
| 2 |
ClearBridge Investments
New York
|
-$5.76M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$647K |
| 4 |
WFI
West Family Investments
Carlsbad,
California
|
-$603K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$428K |
PNNT Hedge Fund Activity: Q4 2020 in Review
84 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q4 2020, worth a combined $83.5M — up 30% from $64.1M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PNNT and 17 opened new positions — a net loss of 3 holders — while 27 trimmed existing stakes and 24 added.
The largest buyer was Ares Management, opening a new position worth an estimated $2.82M. The largest seller was Invesco, exiting entirely with an estimated $6.2M sold.
- 84 institutional investors held Pennant Park Investment Corp (PNNT) as of Q4 2020, down from 87 in Q3 2020.
- Funds reported $83.5M of Pennant Park Investment Corp stock for Q4 2020, up 30% quarter-over-quarter.
- 17 funds opened new Pennant Park Investment Corp positions in Q4 2020 and 20 closed out, a net change of -3 holders.
- The largest Pennant Park Investment Corp buyer in Q4 2020 was Ares Management, an estimated $2.82M added.
- The largest Pennant Park Investment Corp seller in Q4 2020 was Invesco, an estimated $6.2M sold.
Based on aggregated 13F filings for Q4 2020.