Pennant Park Investment Corp
PNNT
113 hedge funds and large institutions have $242M invested in Pennant Park Investment Corp in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 18 closing their positions.
143% more call options, than puts
Call options by funds: $534K | Put options by funds: $220K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
22% more capital invested
Capital invested by funds: $199M → $242M (+$42.9M)
0.04% more ownership
Funds ownership: 42.04% → 42.09% (+0.04%)
7% less funds holding
Funds holding: 121 → 113 (-8)
30% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 43
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$13.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$2.7M |
| 3 |
JP Morgan Chase
New York
|
+$2.68M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.4M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$731K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWNA
Marshall Wace North America
New York
|
-$3.63M |
| 2 |
MC
Muzinich & Co
New York
|
-$3.41M |
| 3 |
Two Sigma Advisers
New York
|
-$1.19M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$887K |
| 5 |
WFI
West Family Investments
Carlsbad,
California
|
-$881K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFS
126
Essex Financial Services
Essex,
Connecticut
| – | -$70K | -10,000 | Closed |
|
127
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$25K | -3,500 | Closed |
|
|
FIA
128
FNY Investment Advisers
New York
| – | -$5K | -810 | Closed |
|
|
SPIA
129
Steward Partners Investment Advisory
New York
| – | -$1K | -108 | Closed |
|
|
CFN
130
Cordasco Financial Network
Naples,
Florida
| – | -$1K | -86 | Closed |
|
|
HNB
131
Huntington National Bank
Columbus,
Ohio
| – | +$8 | +1 | New |
|
PNNT Hedge Fund Activity: Q3 2018 in Review
113 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2018, worth a combined $242M — up 22% from $199M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PNNT and 11 opened new positions — a net loss of 7 holders — while 43 trimmed existing stakes and 30 added.
The largest buyer was ClearBridge Investments, adding an estimated $13.1M. The largest seller was Marshall Wace North America, exiting entirely with an estimated $3.63M sold.
- 113 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2018, down from 121 in Q2 2018.
- Funds reported $242M of Pennant Park Investment Corp stock for Q3 2018, up 22% quarter-over-quarter.
- 11 funds opened new Pennant Park Investment Corp positions in Q3 2018 and 18 closed out, a net change of -7 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2018 was ClearBridge Investments, an estimated $13.1M added.
- The largest Pennant Park Investment Corp seller in Q3 2018 was Marshall Wace North America, an estimated $3.63M sold.
Based on aggregated 13F filings for Q3 2018.