Pennant Park Investment Corp
PNNT
142 hedge funds and large institutions have $296M invested in Pennant Park Investment Corp in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 53 increasing their positions, 35 reducing their positions, and 37 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 35
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 148 → 142 (-6)
8% less capital invested
Capital invested by funds: $324M → $296M (-$27.5M)
16% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 37
80% less call options, than puts
Call options by funds: $103K | Put options by funds: $512K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.37M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.22M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$3.14M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.63M |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$20.4M |
| 2 |
State Street
Boston,
Massachusetts
|
-$13.6M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$9.05M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$5.44M |
| 5 |
JP Morgan Chase
New York
|
-$4.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
M&T Bank
Buffalo,
New York
| – | -$2K | -185 | Closed |
|
177
Envestnet Asset Management
Chicago,
Illinois
| – | -$1K | -110 | Closed |
|
|
KCPG
178
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$1K | -108 | Closed |
|
179
BNP Paribas Financial Markets
Paris,
France
| – | -$332 | -31 | Closed |
|
PNNT Hedge Fund Activity: Q2 2014 in Review
142 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2014, worth a combined $296M — down 8.5% from $324M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PNNT and 31 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 53 added.
The largest buyer was Deutsche Bank, adding an estimated $3.37M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $20.4M sold.
- 142 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2014, down from 148 in Q1 2014.
- Funds reported $296M of Pennant Park Investment Corp stock for Q2 2014, down 8.5% quarter-over-quarter.
- 31 funds opened new Pennant Park Investment Corp positions in Q2 2014 and 37 closed out, a net change of -6 holders.
- The largest Pennant Park Investment Corp buyer in Q2 2014 was Deutsche Bank, an estimated $3.37M added.
- The largest Pennant Park Investment Corp seller in Q2 2014 was BlackRock Fund Advisors, an estimated $20.4M sold.
Based on aggregated 13F filings for Q2 2014.