Pennant Park Investment Corp
PNNT
119 hedge funds and large institutions have $196M invested in Pennant Park Investment Corp in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 34 reducing their positions, and 18 closing their positions.
23% more call options, than puts
Call options by funds: $482K | Put options by funds: $391K
15% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 34
2% more capital invested
Capital invested by funds: $192M → $196M (+$4.63M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.25% less ownership
Funds ownership: 43.58% → 43.32% (-0.25%)
1% less funds holding
Funds holding: 120 → 119 (-1)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$2.37M |
| 2 |
JP Morgan Chase
New York
|
+$2.14M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.1M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$6.67M |
| 2 |
Millennium Management
New York
|
-$3M |
| 3 |
MC
Muzinich & Co
New York
|
-$2.6M |
| 4 |
RVPG
Relative Value Partners Group
|
-$2.02M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCM
126
FJ Capital Management
Mclean,
Virginia
| – | -$192K | -30,000 | Closed |
|
|
OIA
127
Optimum Investment Advisors
Chicago,
Illinois
| – | -$191K | -30,000 | Closed |
|
|
RQS
128
Ramsey Quantitative Systems
Louisville,
Kentucky
| – | -$130K | -20,390 | Closed |
|
|
QC
129
Quadrature Capital
London,
United Kingdom
| – | -$118K | -18,485 | Closed |
|
130
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$71K | -11,209 | Closed |
|
|
TSS
131
Two Sigma Securities
New York
| – | -$71K | -11,077 | Closed |
|
132
Goldman Sachs
New York
| – | -$66K | -10,432 | Closed |
|
133
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$46K | -7,267 | Closed |
|
|
PFC
134
Phocas Financial Corp
Alameda,
California
| – | -$4K | -694 | Closed |
|
PNNT Hedge Fund Activity: Q1 2019 in Review
119 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2019, worth a combined $196M — up 2.4% from $192M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PNNT and 17 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 39 added.
The largest buyer was Putnam Investments, opening a new position worth an estimated $2.37M. The largest seller was Ares Management, cutting an estimated $6.67M.
- 119 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2019, down from 120 in Q4 2018.
- Funds reported $196M of Pennant Park Investment Corp stock for Q1 2019, up 2.4% quarter-over-quarter.
- 17 funds opened new Pennant Park Investment Corp positions in Q1 2019 and 18 closed out, a net change of -1 holder.
- The largest Pennant Park Investment Corp buyer in Q1 2019 was Putnam Investments, an estimated $2.37M added.
- The largest Pennant Park Investment Corp seller in Q1 2019 was Ares Management, an estimated $6.67M sold.
Based on aggregated 13F filings for Q1 2019.