Pennant Park Investment Corp
PNNT
126 hedge funds and large institutions have $224M invested in Pennant Park Investment Corp in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 12 closing their positions.
117% more call options, than puts
Call options by funds: $245K | Put options by funds: $113K
32% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 34
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
1% more funds holding
Funds holding: 125 → 126 (+1)
0.53% less ownership
Funds ownership: 42.78% → 42.25% (-0.53%)
9% less capital invested
Capital invested by funds: $247M → $224M (-$23M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$5.69M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.47M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$1.47M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.22M |
| 5 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ironsides Partners
Boston,
Massachusetts
|
-$7.32M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$1.85M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.78M |
| 4 |
JP Morgan Chase
New York
|
-$1.15M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ARTA
126
A.R.T. Advisors
New York
| – | -$761K | -93,600 | Closed |
|
|
EWM
127
Edge Wealth Management
New York
| – | -$739K | -91,099 | Closed |
|
|
AAMU
128
AEGON Asset Management (UK)
Edinburgh,
United Kingdom
| – | -$475K | -58,519 | Closed |
|
|
NCCM
129
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$308K | -37,800 | Closed |
|
130
Barclays
London,
United Kingdom
| – | -$203K | -26,341 | -100% |
|
|
PCM
131
Prelude Capital Management
New York
| – | -$176K | -21,600 | Closed |
|
|
CA
132
Corrado Advisors
Ramsey,
New Jersey
| – | -$127K | -15,560 | Closed |
|
|
CWM
133
Concert Wealth Management
San Jose,
California
| – | -$99K | -12,967 | Closed |
|
134
D.E. Shaw & Co
New York
| – | -$88K | -10,758 | Closed |
|
135
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$15K | -1,875 | Closed |
|
|
CG
136
Cutler Group
San Francisco,
California
| – | -$9K | -1,130 | Closed |
|
|
GWM
137
Geneos Wealth Management
Englewood,
Colorado
| – | -$3K | -400 | Closed |
|
PNNT Hedge Fund Activity: Q2 2017 in Review
126 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2017, worth a combined $224M — down 9.3% from $247M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PNNT positions and 12 closed out — a net gain of 1 holder — while 45 added to existing stakes and 34 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $5.69M. The largest seller was Ironsides Partners, cutting an estimated $7.32M.
- 126 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2017, up from 125 in Q1 2017.
- Funds reported $224M of Pennant Park Investment Corp stock for Q2 2017, down 9.3% quarter-over-quarter.
- 13 funds opened new Pennant Park Investment Corp positions in Q2 2017 and 12 closed out, a net change of +1 holder.
- The largest Pennant Park Investment Corp buyer in Q2 2017 was LSV Asset Management, an estimated $5.69M added.
- The largest Pennant Park Investment Corp seller in Q2 2017 was Ironsides Partners, an estimated $7.32M sold.
Based on aggregated 13F filings for Q2 2017.