Pennant Park Investment Corp
PNNT
148 hedge funds and large institutions have $324M invested in Pennant Park Investment Corp in 2014 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 11 closing their positions.
136% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 11
28% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 40
11% more funds holding
Funds holding: 133 → 148 (+15)
5% less capital invested
Capital invested by funds: $339M → $324M (-$15.7M)
52% less call options, than puts
Call options by funds: $171K | Put options by funds: $356K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$5.07M |
| 2 |
Two Sigma Advisers
New York
|
+$3.12M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.85M |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$1.77M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.79M |
| 2 |
Goldman Sachs
New York
|
-$3.88M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.77M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.78M |
| 5 |
SCM
Silver Capital Management
New York
|
-$1.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Arrowstreet Capital
Boston,
Massachusetts
| – | -$1.19M | -102,700 | Closed |
|
152
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$280K | -24,100 | Closed |
|
|
FIM
153
Freedom Investment Management
Hartford,
Connecticut
| – | -$244K | -21,030 | Closed |
|
|
RJA
154
Raymond James & Associates
St Petersburg,
Florida
| – | -$209K | -18,041 | Closed |
|
155
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$187K | -16,550 | Closed |
|
156
Jane Street
New York
| – | -$135K | -11,671 | Closed |
|
|
WS
157
Wedbush Securities
Los Angeles,
California
| – | -$134K | -11,539 | Closed |
|
|
PMFA
158
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$12K | -1,024 | Closed |
|
|
SMA
159
Simply Money Advisors
Cincinnati,
Ohio
| – | -$1K | -50 | Closed |
|
PNNT Hedge Fund Activity: Q1 2014 in Review
148 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2014, worth a combined $324M — down 4.6% from $339M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new PNNT positions and 11 closed out — a net gain of 15 holders — while 51 added to existing stakes and 40 trimmed.
The largest buyer was Selway Asset Management, adding an estimated $5.07M. The largest seller was Vanguard Group, cutting an estimated $6.79M.
- 148 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2014, up from 133 in Q4 2013.
- Funds reported $324M of Pennant Park Investment Corp stock for Q1 2014, down 4.6% quarter-over-quarter.
- 26 funds opened new Pennant Park Investment Corp positions in Q1 2014 and 11 closed out, a net change of +15 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2014 was Selway Asset Management, an estimated $5.07M added.
- The largest Pennant Park Investment Corp seller in Q1 2014 was Vanguard Group, an estimated $6.79M sold.
Based on aggregated 13F filings for Q1 2014.