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PNNT

Pennant Park Investment Corp
PNNT

124 hedge funds and large institutions have $221M invested in Pennant Park Investment Corp in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 45 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.37% more ownership

Funds ownership: 42.25% → 42.62% (+0.37%)

2% less capital invested

Capital invested by funds: $224M → $221M (-$3.4M)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

7% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 45

2% less funds holding

Funds holding: 126 → 124 (-2)

12% less call options, than puts

Call options by funds: $255K | Put options by funds: $289K

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
124
Holders Change
-2
Holders Change %
-1.59%
% of All Funds
3.09%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
15
Increased
42
Reduced
45
Closed
16
Calls
$255K
Puts
$289K
Net Calls
-$34K
Net Calls Change
-$166K

Top Buyers

1
AM
Ares Management
California
+$2.98M
2
Millennium Management
Millennium Management
New York
+$2.69M
3
LSV Asset Management
LSV Asset Management
Illinois
+$2.66M
4
HIM
Hillsdale Investment Management
Ontario, Canada
+$1.9M
5
RVPG
Relative Value Partners Group
+$1.7M

Top Sellers

1
DFG
Delphi Financial Group
Delaware
-$6.7M
2
BAM
Burgundy Asset Management
Ontario, Canada
-$3.9M
3
IP
Ironsides Partners
Massachusetts
-$2.22M
4
SAM
Selway Asset Management
-$965K
5
Two Sigma Investments
Two Sigma Investments
New York
-$597K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
126
Selway Asset Management
– -$965K -130,525 Closed
CANY
127
Caxton Associates (New York)
New York
– -$527K -71,370 Closed
Northern Trust
128
Northern Trust
Illinois
– -$302K -40,805 Closed
Susquehanna International Group
129
Susquehanna International Group
Pennsylvania
– -$256K -34,000 Closed
TI
130
Trexquant Investment
Connecticut
– -$219K -29,600 Closed
AssetMark Inc
131
AssetMark Inc
California
– -$38K -5,128 Closed
US Bancorp
132
US Bancorp
Minnesota
– -$27K -3,700 Closed
PNC Financial Services Group
133
PNC Financial Services Group
Pennsylvania
– -$13K -1,756 Closed
JC
134
JBF Capital
Colorado
– -$10K -1,405 Closed
Creative Planning
135
Creative Planning
Kansas
– -$10K -1,400 Closed
TRCT
136
Tower Research Capital (TRC)
New York
– -$8K -1,092 Closed
WEC
137
Winslow Evans & Crocker
Massachusetts
– -$7.39K -1,000 Closed
AIM
138
Acrospire Investment Management
Illinois
– -$5K -663 Closed
Group One Trading
139
Group One Trading
Illinois
– -$1K -100 Closed
GT
140
Glenmede Trust
Pennsylvania
– -$684 -91 -69%
2 3 4 5
6

PNNT Hedge Fund Activity: Q3 2017 in Review

124 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2017, worth a combined $221M — down 1.5% from $224M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PNNT and 15 opened new positions — a net loss of 1 holder — while 45 trimmed existing stakes and 42 added.

The largest buyer was Ares Management, adding an estimated $2.98M. The largest seller was Delphi Financial Group, exiting entirely with an estimated $6.7M sold.

  • 124 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2017, down from 126 in Q2 2017.
  • Funds reported $221M of Pennant Park Investment Corp stock for Q3 2017, down 1.5% quarter-over-quarter.
  • 15 funds opened new Pennant Park Investment Corp positions in Q3 2017 and 16 closed out, a net change of -1 holder.
  • The largest Pennant Park Investment Corp buyer in Q3 2017 was Ares Management, an estimated $2.98M added.
  • The largest Pennant Park Investment Corp seller in Q3 2017 was Delphi Financial Group, an estimated $6.7M sold.

Based on aggregated 13F filings for Q3 2017.