Pennant Park Investment Corp
PNNT
117 hedge funds and large institutions have $224M invested in Pennant Park Investment Corp in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 43 increasing their positions, 33 reducing their positions, and 14 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
41.12% more ownership
Funds ownership: 0% → 41.12% (+41%)
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
30% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 33
23% more capital invested
Capital invested by funds: $182M → $224M (+$41.6M)
4% more funds holding
Funds holding: 113 → 117 (+4)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $195K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$8.06M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$4.2M |
| 3 |
MC
Muzinich & Co
New York
|
+$3.78M |
| 4 |
Two Sigma Advisers
New York
|
+$2.25M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.54M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$2.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$833K |
| 4 |
JP Morgan Chase
New York
|
-$827K |
| 5 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
-$785K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
First Manhattan
New York
| – | -$22K | -3,000 | Closed |
|
|
HR
127
Howe & Rusling
Rochester,
New York
| – | -$15K | -2,000 | Closed |
|
128
Simplex Trading
Chicago,
Illinois
| – | -$7.22K | -952 | -99% |
|
129
Barclays
London,
United Kingdom
| – | -$2K | -285 | Closed |
|
|
RFA
130
Reilly Financial Advisors
La Mesa,
California
| – | -$2K | -200 | Closed |
|
PNNT Hedge Fund Activity: Q4 2016 in Review
117 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q4 2016, worth a combined $224M — up 23% from $182M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PNNT positions and 14 closed out — a net gain of 5 holders — while 43 added to existing stakes and 33 trimmed.
The largest buyer was Burgundy Asset Management, adding an estimated $8.06M. The largest seller was Advisors Asset Management, cutting an estimated $2.54M.
- 117 institutional investors held Pennant Park Investment Corp (PNNT) as of Q4 2016, up from 113 in Q3 2016.
- Funds reported $224M of Pennant Park Investment Corp stock for Q4 2016, up 23% quarter-over-quarter.
- 19 funds opened new Pennant Park Investment Corp positions in Q4 2016 and 14 closed out, a net change of +5 holders.
- The largest Pennant Park Investment Corp buyer in Q4 2016 was Burgundy Asset Management, an estimated $8.06M added.
- The largest Pennant Park Investment Corp seller in Q4 2016 was Advisors Asset Management, an estimated $2.54M sold.
Based on aggregated 13F filings for Q4 2016.