Pennant Park Investment Corp
PNNT
105 hedge funds and large institutions have $183M invested in Pennant Park Investment Corp in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 32 reducing their positions, and 20 closing their positions.
1,100% more call options, than puts
Call options by funds: $12K | Put options by funds: $1K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
41% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 32
0.03% less ownership
Funds ownership: 43.32% → 43.29% (-0.03%)
10% less capital invested
Capital invested by funds: $204M → $183M (-$20.5M)
12% less funds holding
Funds holding: 119 → 105 (-14)
60% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.76M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$4.55M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.61M |
| 4 |
Millennium Management
New York
|
+$1.35M |
| 5 |
POIA
Pin Oak Investment Advisors
Houston,
Texas
|
+$757K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$6.99M |
| 2 |
RA
Resource America
New York
|
-$3.62M |
| 3 |
RVPG
Relative Value Partners Group
|
-$2.74M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.33M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.02M |
PNNT Hedge Fund Activity: Q2 2019 in Review
105 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q2 2019, worth a combined $183M — down 10% from $204M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PNNT and 8 opened new positions — a net loss of 12 holders — while 32 trimmed existing stakes and 45 added.
The largest buyer was Kennedy Capital Management, adding an estimated $4.76M. The largest seller was JP Morgan Chase, cutting an estimated $6.99M.
- 105 institutional investors held Pennant Park Investment Corp (PNNT) as of Q2 2019, down from 119 in Q1 2019.
- Funds reported $183M of Pennant Park Investment Corp stock for Q2 2019, down 10% quarter-over-quarter.
- 8 funds opened new Pennant Park Investment Corp positions in Q2 2019 and 20 closed out, a net change of -12 holders.
- The largest Pennant Park Investment Corp buyer in Q2 2019 was Kennedy Capital Management, an estimated $4.76M added.
- The largest Pennant Park Investment Corp seller in Q2 2019 was JP Morgan Chase, an estimated $6.99M sold.
Based on aggregated 13F filings for Q2 2019.