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PNNT

Pennant Park Investment Corp
PNNT

120 hedge funds and large institutions have $192M invested in Pennant Park Investment Corp in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 36 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

6% more funds holding

Funds holding: 113 → 120 (+7)

1.49% more ownership

Funds ownership: 42.09% → 43.58% (+1.5%)

3% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 37

21% less capital invested

Capital invested by funds: $242M → $192M (-$50.3M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
120
Holders Change
+7
Holders Change %
+6.19%
% of All Funds
2.67%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
24
Increased
36
Reduced
37
Closed
16
Calls
$1K
Puts
–
Net Calls
+$1K
Net Calls Change
-$313K

Top Buyers

1
BRWM
B. Riley Wealth Management
Tennessee
+$2.97M
2
KCM
Kennedy Capital Management
Missouri
+$2.87M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.86M
4
HIM
Hillsdale Investment Management
Ontario, Canada
+$1.66M
5
Ameriprise
Ameriprise
Minnesota
+$1.03M

Top Sellers

1
BRF
B. Riley Financial
California
-$3.12M
2
CWM
Cornerstone Wealth Management
Missouri
-$2.83M
3
Marshall Wace
Marshall Wace
United Kingdom
-$2.68M
4
MC
Muzinich & Co
New York
-$2.31M
5
UBS Group
UBS Group
Switzerland
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$20.8M +$784K +110,306 +3%
LSV Asset Management
2
LSV Asset Management
Illinois
$18.5M -$611K -85,897 -3%
AM
3
Ares Management
California
$13.9M +$749K +105,342 +5%
ACH
4
ArrowMark Colorado Holdings
Colorado
$11.8M +$487K +68,467 +4%
ClearBridge Investments
5
ClearBridge Investments
New York
$11M -$160K -22,540 -1%
MC
6
Muzinich & Co
New York
$9.13M -$2.31M -325,189 -19%
WFI
7
West Family Investments
California
$6.59M +$868K +122,166 +13%
Morgan Stanley
8
Morgan Stanley
New York
$5.9M -$312K -43,867 -5%
CIM
9
Confluence Investment Management
Missouri
$5.15M -$792K -111,486 -12%
RVPG
10
Relative Value Partners Group
$4.79M +$139K +19,539 +3%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$4.62M +$85.7K +12,061 +2%
Arrowstreet Capital
12
Arrowstreet Capital
Massachusetts
$4.59M +$2.86M +401,922 +126%
SCM
13
Signia Capital Management
Washington
$4.18M +$115K +16,202 +3%
UBS Group
14
UBS Group
Switzerland
$3.95M -$1.21M -170,400 -22%
AAM
15
Advisors Asset Management
Colorado
$3.94M +$412K +57,948 +10%
VanEck Associates
16
VanEck Associates
New York
$3.54M -$159K -22,396 -4%
GIM
17
Greenwich Investment Management
Connecticut
$3.34M -$141K -19,885 -4%
KCM
18
Kennedy Capital Management
Missouri
$3.19M +$2.87M +403,345 +415%
Millennium Management
19
Millennium Management
New York
$3M +$892K +125,492 +36%
RA
20
Resource America
New York
$2.96M +$1M +141,253 +44%
BRWM
21
B. Riley Wealth Management
Tennessee
$2.67M +$2.97M +418,534 New
Two Sigma Advisers
22
Two Sigma Advisers
New York
$2.32M -$237K -33,300 -8%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$2.16M +$90.4K +12,725 +4%
BlackRock
24
BlackRock
New York
$2.03M -$119K -16,798 -5%
Legal & General Group
25
Legal & General Group
United Kingdom
$1.97M +$231K +32,532 +12%
1
2 3 4 5

PNNT Hedge Fund Activity: Q4 2018 in Review

120 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q4 2018, worth a combined $192M — down 21% from $242M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PNNT positions and 16 closed out — a net gain of 8 holders — while 36 added to existing stakes and 37 trimmed.

The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $2.97M. The largest seller was B. Riley Financial, exiting entirely with an estimated $3.12M sold.

  • 120 institutional investors held Pennant Park Investment Corp (PNNT) as of Q4 2018, up from 113 in Q3 2018.
  • Funds reported $192M of Pennant Park Investment Corp stock for Q4 2018, down 21% quarter-over-quarter.
  • 24 funds opened new Pennant Park Investment Corp positions in Q4 2018 and 16 closed out, a net change of +8 holders.
  • The largest Pennant Park Investment Corp buyer in Q4 2018 was B. Riley Wealth Management, an estimated $2.97M added.
  • The largest Pennant Park Investment Corp seller in Q4 2018 was B. Riley Financial, an estimated $3.12M sold.

Based on aggregated 13F filings for Q4 2018.