Pennant Park Investment Corp
PNNT
108 hedge funds and large institutions have $123M invested in Pennant Park Investment Corp in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 15 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
2.96% less ownership
Funds ownership: 37.2% → 34.24% (-3%)
5% less funds holding
Funds holding: 114 → 108 (-6)
19% less capital invested
Capital invested by funds: $152M → $123M (-$29.5M)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.18M |
| 2 |
GF
Gries Financial
Cleveland,
Ohio
|
+$446K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$381K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$301K |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.83M |
| 2 |
Millennium Management
New York
|
-$2.33M |
| 3 |
Two Sigma Investments
New York
|
-$1.5M |
| 4 |
Two Sigma Advisers
New York
|
-$1.42M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$624K |
PNNT Hedge Fund Activity: Q3 2022 in Review
108 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2022, worth a combined $123M — down 19% from $152M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PNNT and 10 opened new positions — a net loss of 5 holders — while 32 trimmed existing stakes and 34 added.
The largest buyer was Almitas Capital, adding an estimated $1.18M. The largest seller was Putnam Investments, cutting an estimated $2.83M.
- 108 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2022, down from 114 in Q2 2022.
- Funds reported $123M of Pennant Park Investment Corp stock for Q3 2022, down 19% quarter-over-quarter.
- 10 funds opened new Pennant Park Investment Corp positions in Q3 2022 and 15 closed out, a net change of -5 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2022 was Almitas Capital, an estimated $1.18M added.
- The largest Pennant Park Investment Corp seller in Q3 2022 was Putnam Investments, an estimated $2.83M sold.
Based on aggregated 13F filings for Q3 2022.