Pennant Park Investment Corp
PNNT
121 hedge funds and large institutions have $199M invested in Pennant Park Investment Corp in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 42 reducing their positions, and 17 closing their positions.
104% more call options, than puts
Call options by funds: $547K | Put options by funds: $268K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 122 → 121 (-1)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
3.02% less ownership
Funds ownership: 45.06% → 42.04% (-3%)
7% less capital invested
Capital invested by funds: $214M → $199M (-$14.8M)
21% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$3.71M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$3.29M |
| 3 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$1.47M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$1.21M |
| 5 |
D.E. Shaw & Co
New York
|
+$979K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$14.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.97M |
| 3 |
Millennium Management
New York
|
-$1.42M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.26M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RA
126
Rational Advisors
Huntington,
New York
| – | -$993K | -148,600 | Closed |
|
|
VF
127
Virtu Financial
New York
| – | -$351K | -52,486 | Closed |
|
128
Jane Street
New York
| – | -$261K | -39,052 | Closed |
|
129
Citadel Advisors
Miami,
Florida
| – | -$187K | -27,947 | Closed |
|
|
PAG
130
Private Advisor Group
Morristown,
New Jersey
| – | -$125K | -18,676 | Closed |
|
131
Goldman Sachs
New York
| – | -$112K | -16,777 | Closed |
|
|
HB
132
Homrich & Berg
Atlanta,
Georgia
| – | -$105K | -15,750 | Closed |
|
133
SEI Investments
Oaks,
Pennsylvania
| – | -$58K | -8,708 | Closed |
|
134
Simplex Trading
Chicago,
Illinois
| – | -$27.5K | -3,919 | Closed |
|
|
IWM
135
IHT Wealth Management
Chicago,
Illinois
| – | -$19K | -2,800 | Closed |
|
136
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$7K | -1,000 | Closed |
|
|
PFGIA
137
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$7K | -1,000 | Closed |
|
|
PFA
138
Pathway Financial Advisors
South Burlington,
Vermont
| – | -$3K | -425 | Closed |
|
PNNT Hedge Fund Activity: Q2 2018 in Review
121 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2018, worth a combined $199M — down 6.9% from $214M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PNNT and 16 opened new positions — a net loss of 1 holder — while 42 trimmed existing stakes and 33 added.
The largest buyer was JP Morgan Chase, adding an estimated $3.71M. The largest seller was Burgundy Asset Management, exiting entirely with an estimated $14.4M sold.
- 121 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2018, down from 122 in Q1 2018.
- Funds reported $199M of Pennant Park Investment Corp stock for Q2 2018, down 6.9% quarter-over-quarter.
- 16 funds opened new Pennant Park Investment Corp positions in Q2 2018 and 17 closed out, a net change of -1 holder.
- The largest Pennant Park Investment Corp buyer in Q2 2018 was JP Morgan Chase, an estimated $3.71M added.
- The largest Pennant Park Investment Corp seller in Q2 2018 was Burgundy Asset Management, an estimated $14.4M sold.
Based on aggregated 13F filings for Q2 2018.