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 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
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 (+$23.5M)
6% more funds holding
Funds holding: 118 → 125 (+7)
1.63% more ownership
Funds ownership: 41.15% → 42.78% (+1.6%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$11.7M |
| 2 |
MC
Muzinich & Co
New York
|
+$7.08M |
| 3 |
BlackRock
New York
|
+$4.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.71M |
| 5 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ironsides Partners
Boston,
Massachusetts
|
-$8.04M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$3.87M |
| 3 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
-$3.55M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.42M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$2.16M |
PNNT Hedge Fund Activity: Q1 2017 in Review
125 of the 4,034 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 14 closed out — a net gain of 9 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 118 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 14 closed out, a net change of +9 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.