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PNNT

Pennant Park Investment Corp
PNNT

125 hedge funds and large institutions have $247M invested in Pennant Park Investment Corp in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 13

37% more call options, than puts

Call options by funds: $111K | Put options by funds: $81K

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

11% more capital invested

Capital invested by funds: $224M → $247M (+$23.7M)

7% more funds holding

Funds holding: 117 → 125 (+8)

1.66% more ownership

Funds ownership: 41.12% → 42.78% (+1.7%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
125
Holders Change
+8
Holders Change %
+6.84%
% of All Funds
3.11%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
23
Increased
37
Reduced
33
Closed
13
Calls
$111K
Puts
$81K
Net Calls
+$30K
Net Calls Change
+$225K

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$11.7M
2
MC
Muzinich & Co
New York
+$7.08M
3
BlackRock
BlackRock
New York
+$4.7M
4
UBS Group
UBS Group
Switzerland
+$2.71M
5
MCM
McKinley Capital Management
Alaska
+$2.14M

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$8.04M
2
DFG
Delphi Financial Group
Delaware
-$3.87M
3
PCIG
Partners Capital Investment Group
Massachusetts
-$3.55M
4
Wells Fargo
Wells Fargo
California
-$2.42M
5
BAM
Burgundy Asset Management
Ontario, Canada
-$2.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
1
Burgundy Asset Management
Ontario, Canada
$21.2M -$2.16M -268,403 -9%
MC
2
Muzinich & Co
New York
$17.8M +$7.08M +878,491 +67%
LSV Asset Management
3
LSV Asset Management
Illinois
$16.3M +$11.7M +1,449,656 +262%
JP Morgan Chase
4
JP Morgan Chase
New York
$15.5M +$819K +101,690 +6%
Invesco
5
Invesco
Georgia
$12.6M -$464K -57,630 -4%
UBS Group
6
UBS Group
Switzerland
$12.4M +$2.71M +336,001 +28%
IP
7
Ironsides Partners
Massachusetts
$10.2M -$8.04M -997,197 -44%
Morgan Stanley
8
Morgan Stanley
New York
$7.66M -$2.11M -261,222 -22%
CIM
9
Confluence Investment Management
Missouri
$7.53M +$305K +37,900 +4%
DFG
10
Delphi Financial Group
Delaware
$7.35M -$3.87M -480,000 -35%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$6.46M – – –
ACH
12
ArrowMark Colorado Holdings
Colorado
$6.15M +$631K +78,275 +12%
WFI
13
West Family Investments
California
$6.09M – – –
CLM
14
ClearBridge LLC (Maryland)
Maryland
$5.8M -$1.71M -211,835 -23%
AAM
15
Advisors Asset Management
Colorado
$5.73M -$1.97M -244,483 -26%
AM
16
Ares Management
California
$5.32M +$161K +20,000 +3%
BlackRock
17
BlackRock
New York
$4.75M +$4.7M +583,231 New
GC
18
Guggenheim Capital
Illinois
$4.69M +$618K +76,627 +15%
GIM
19
Greenwich Investment Management
Connecticut
$4.51M -$375K -46,525 -8%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$4.49M +$1.07M +132,400 +32%
VanEck Associates
21
VanEck Associates
New York
$4.42M +$985K +122,222 +29%
Wells Fargo
22
Wells Fargo
California
$4.12M -$2.42M -300,562 -37%
SCM
23
Signia Capital Management
Washington
$4.09M +$1.05M +130,609 +35%
Two Sigma Investments
24
Two Sigma Investments
New York
$3.88M +$418K +51,830 +12%
ACM
25
Advisors Capital Management
New Jersey
$3.71M -$180K -22,367 -5%
1
2 3 4 5

PNNT Hedge Fund Activity: Q1 2017 in Review

125 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2017, worth a combined $247M — up 11% from $224M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PNNT positions and 13 closed out — a net gain of 10 holders — while 37 added to existing stakes and 33 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $11.7M. The largest seller was Ironsides Partners, cutting an estimated $8.04M.

  • 125 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2017, up from 117 in Q4 2016.
  • Funds reported $247M of Pennant Park Investment Corp stock for Q1 2017, up 11% quarter-over-quarter.
  • 23 funds opened new Pennant Park Investment Corp positions in Q1 2017 and 13 closed out, a net change of +10 holders.
  • The largest Pennant Park Investment Corp buyer in Q1 2017 was LSV Asset Management, an estimated $11.7M added.
  • The largest Pennant Park Investment Corp seller in Q1 2017 was Ironsides Partners, an estimated $8.04M sold.

Based on aggregated 13F filings for Q1 2017.