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PNNT

Pennant Park Investment Corp
PNNT

119 hedge funds and large institutions have $196M invested in Pennant Park Investment Corp in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more call options, than puts

Call options by funds: $482K | Put options by funds: $391K

15% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 34

2% more capital invested

Capital invested by funds: $192M → $196M (+$4.63M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.25% less ownership

Funds ownership: 43.58% → 43.32% (-0.25%)

1% less funds holding

Funds holding: 120 → 119 (-1)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

Holders
119
Holders Change
-1
Holders Change %
-0.83%
% of All Funds
2.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
39
Reduced
34
Closed
18
Calls
$482K
Puts
$391K
Net Calls
+$91K
Net Calls Change
+$90K

Top Buyers

1
PI
Putnam Investments
Massachusetts
+$2.37M
2
JP Morgan Chase
JP Morgan Chase
New York
+$2.14M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.1M
4
ACH
ArrowMark Colorado Holdings
Colorado
+$2M
5
KCM
Kennedy Capital Management
Missouri
+$1.53M

Top Sellers

1
AM
Ares Management
California
-$6.67M
2
Millennium Management
Millennium Management
New York
-$3M
3
MC
Muzinich & Co
New York
-$2.6M
4
RVPG
Relative Value Partners Group
-$2.02M
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$24.7M +$2.14M +304,206 +9%
LSV Asset Management
2
LSV Asset Management
Illinois
$19.9M -$156K -22,203 -0.8%
ACH
3
ArrowMark Colorado Holdings
Colorado
$14.8M +$2M +284,743 +15%
ClearBridge Investments
4
ClearBridge Investments
New York
$12.6M +$730K +103,699 +6%
AM
5
Ares Management
California
$8.49M -$6.67M -947,128 -44%
WFI
6
West Family Investments
California
$7.14M – – –
Arrowstreet Capital
7
Arrowstreet Capital
Massachusetts
$7.05M +$2.1M +298,682 +41%
CIM
8
Confluence Investment Management
Missouri
$6.4M +$829K +117,764 +15%
Morgan Stanley
9
Morgan Stanley
New York
$6.27M -$136K -19,317 -2%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$5.01M – – –
KCM
11
Kennedy Capital Management
Missouri
$4.96M +$1.53M +217,952 +44%
SCM
12
Signia Capital Management
Washington
$4.34M -$195K -27,750 -4%
UBS Group
13
UBS Group
Switzerland
$4.27M -$21.9K -3,113 -0.5%
VanEck Associates
14
VanEck Associates
New York
$4M +$162K +23,059 +4%
RA
15
Resource America
New York
$3.62M +$408K +58,000 +12%
GIM
16
Greenwich Investment Management
Connecticut
$3.6M -$19.2K -2,725 -0.5%
AAM
17
Advisors Asset Management
Colorado
$3.57M -$722K -102,600 -17%
RVPG
18
Relative Value Partners Group
$3.15M -$2.02M -286,476 -39%
BRWM
19
B. Riley Wealth Management
Tennessee
$2.97M +$77.5K +11,015 +3%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$2.52M +$2.11K +300 +0.1%
Legal & General Group
21
Legal & General Group
United Kingdom
$2.35M +$215K +30,494 +10%
Wellington Management Group
22
Wellington Management Group
Massachusetts
$2.34M – – –
PI
23
Putnam Investments
Massachusetts
$2.33M +$2.37M +337,417 New
BlackRock
24
BlackRock
New York
$2.25M +$45.3K +6,438 +2%
MCM
25
McKinley Capital Management
Alaska
$2.11M +$17K +2,414 +0.8%
1
2 3 4 5

PNNT Hedge Fund Activity: Q1 2019 in Review

119 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2019, worth a combined $196M — up 2.4% from $192M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PNNT and 17 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 39 added.

The largest buyer was Putnam Investments, opening a new position worth an estimated $2.37M. The largest seller was Ares Management, cutting an estimated $6.67M.

  • 119 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2019, down from 120 in Q4 2018.
  • Funds reported $196M of Pennant Park Investment Corp stock for Q1 2019, up 2.4% quarter-over-quarter.
  • 17 funds opened new Pennant Park Investment Corp positions in Q1 2019 and 18 closed out, a net change of -1 holder.
  • The largest Pennant Park Investment Corp buyer in Q1 2019 was Putnam Investments, an estimated $2.37M added.
  • The largest Pennant Park Investment Corp seller in Q1 2019 was Ares Management, an estimated $6.67M sold.

Based on aggregated 13F filings for Q1 2019.