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PNNT

Pennant Park Investment Corp
PNNT

116 hedge funds and large institutions have $163M invested in Pennant Park Investment Corp in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more call options, than puts

Call options by funds: $270K | Put options by funds: $121K

15% more capital invested

Capital invested by funds: $141M → $163M (+$21.6M)

6% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 35

3% less funds holding

Funds holding: 120 → 116 (-4)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
116
Holders Change
-4
Holders Change %
-3.33%
% of All Funds
3.09%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
14
Increased
37
Reduced
35
Closed
18
Calls
$270K
Puts
$121K
Net Calls
+$149K
Net Calls Change
+$629K

Top Buyers

1
BAM
Burgundy Asset Management
Ontario, Canada
+$4.65M
2
AM
Ares Management
California
+$2.89M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
MCM
McKinley Capital Management
Alaska
+$1.99M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$868K

Top Sellers

1
AAM
Advisors Asset Management
Colorado
-$2.59M
2
UBS Group
UBS Group
Switzerland
-$1.62M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$1.25M
4
Two Sigma Investments
Two Sigma Investments
New York
-$1.11M
5
PCIG
Partners Capital Investment Group
Massachusetts
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$14.4M -$76K -11,741 -0.6%
DFG
2
Delphi Financial Group
Delaware
$12.5M +$102K +15,817 +0.9%
Invesco
3
Invesco
Georgia
$12.2M -$207K -32,037 -2%
Morgan Stanley
4
Morgan Stanley
New York
$11.2M -$209K -32,362 -2%
AAM
5
Advisors Asset Management
Colorado
$10.8M -$2.59M -400,269 -20%
UBS Group
6
UBS Group
Switzerland
$8.69M -$1.62M -250,273 -16%
CLM
7
ClearBridge LLC (Maryland)
Maryland
$6.52M +$536K +82,834 +10%
CIM
8
Confluence Investment Management
Missouri
$6.25M -$9.16K -1,416 -0.2%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$5.42M – – –
WFI
10
West Family Investments
California
$5.11M – – –
BAM
11
Burgundy Asset Management
Ontario, Canada
$4.91M +$4.65M +719,026 New
MC
12
Muzinich & Co
New York
$4.48M -$458K -70,809 -10%
GIM
13
Greenwich Investment Management
Connecticut
$4.24M +$692K +106,920 +21%
ACM
14
Advisors Capital Management
New Jersey
$3.59M -$134K -20,703 -4%
Wells Fargo
15
Wells Fargo
California
$3.41M +$2.34M +361,816 +264%
AM
16
Ares Management
California
$3.05M +$2.89M +446,748 New
PCIG
17
Partners Capital Investment Group
Massachusetts
$2.94M -$1.08M -166,572 -28%
BG
18
BlackRock Group
United Kingdom
$2.63M +$317K +48,943 +15%
NFA
19
Nuveen Fund Advisors
Illinois
$2.35M +$2.23M +344,851 New
ACH
20
ArrowMark Colorado Holdings
Colorado
$2.32M +$320K +49,410 +17%
GC
21
Guggenheim Capital
Illinois
$2.3M +$97.6K +15,088 +5%
VanEck Associates
22
VanEck Associates
New York
$2.24M +$228K +35,251 +12%
BRF
23
B. Riley Financial
California
$2.17M +$90.6K +14,000 +5%
MCM
24
McKinley Capital Management
Alaska
$2.1M +$1.99M +307,934 New
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$1.79M +$868K +134,259 +105%
1
2 3 4 5

PNNT Hedge Fund Activity: Q2 2016 in Review

116 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2016, worth a combined $163M — up 15% from $141M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PNNT and 14 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 37 added.

The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $4.65M. The largest seller was Advisors Asset Management, cutting an estimated $2.59M.

  • 116 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2016, down from 120 in Q1 2016.
  • Funds reported $163M of Pennant Park Investment Corp stock for Q2 2016, up 15% quarter-over-quarter.
  • 14 funds opened new Pennant Park Investment Corp positions in Q2 2016 and 18 closed out, a net change of -4 holders.
  • The largest Pennant Park Investment Corp buyer in Q2 2016 was Burgundy Asset Management, an estimated $4.65M added.
  • The largest Pennant Park Investment Corp seller in Q2 2016 was Advisors Asset Management, an estimated $2.59M sold.

Based on aggregated 13F filings for Q2 2016.