Pennant Park Investment Corp
PNNT
128 hedge funds and large institutions have $268M invested in Pennant Park Investment Corp in 2014 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 42 increasing their positions, 38 reducing their positions, and 32 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 38
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less capital invested
Capital invested by funds: $296M → $268M (-$27.9M)
10% less funds holding
Funds holding: 142 → 128 (-14)
41% less call options, than puts
Call options by funds: $98K | Put options by funds: $167K
44% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$12.2M |
| 2 |
Two Sigma Advisers
New York
|
+$5.36M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.54M |
| 4 |
Two Sigma Investments
New York
|
+$3.01M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$5.41M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.95M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.78M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$3.28M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
151
Prelude Capital Management
New York
| – | -$143K | -12,500 | Closed |
|
|
RCM
152
Rotella Capital Management
Bellevue,
Washington
| – | -$130K | -11,343 | Closed |
|
|
TA
153
Teachers Advisors
New York
| – | -$120K | -10,500 | Closed |
|
|
NI
154
Numeric Investors
Boston,
Massachusetts
| – | -$116K | -10,100 | Closed |
|
155
Axa
Paris,
France
| – | -$94K | -8,200 | Closed |
|
|
FNBT
156
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$58K | -5,100 | Closed |
|
157
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$19K | -1,660 | Closed |
|
|
SSG
158
Summit Securities Group
New York
| – | -$6K | -500 | Closed |
|
PNNT Hedge Fund Activity: Q3 2014 in Review
128 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2014, worth a combined $268M — down 9.4% from $296M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of PNNT and 18 opened new positions — a net loss of 14 holders — while 38 trimmed existing stakes and 42 added.
The largest buyer was Delphi Financial Group, opening a new position worth an estimated $12.2M. The largest seller was Northern Trust, exiting entirely with an estimated $5.41M sold.
- 128 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2014, down from 142 in Q2 2014.
- Funds reported $268M of Pennant Park Investment Corp stock for Q3 2014, down 9.4% quarter-over-quarter.
- 18 funds opened new Pennant Park Investment Corp positions in Q3 2014 and 32 closed out, a net change of -14 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2014 was Delphi Financial Group, an estimated $12.2M added.
- The largest Pennant Park Investment Corp seller in Q3 2014 was Northern Trust, an estimated $5.41M sold.
Based on aggregated 13F filings for Q3 2014.