Pennant Park Investment Corp
PNNT
110 hedge funds and large institutions have $164M invested in Pennant Park Investment Corp in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 43 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
5% more funds holding
Funds holding: 105 → 110 (+5)
4.2% less ownership
Funds ownership: 43.29% → 39.09% (-4.2%)
9% less capital invested
Capital invested by funds: $181M → $164M (-$16.3M)
23% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 43
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $74K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.84M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.06M |
| 3 |
Two Sigma Investments
New York
|
+$917K |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$701K |
| 5 |
VEA
Virtus ETF Advisers
New York
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$4.66M |
| 2 |
SCM
Signia Capital Management
Spokane,
Washington
|
-$3.83M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$2.97M |
| 4 |
ClearBridge Investments
New York
|
-$2.91M |
| 5 |
MC
Muzinich & Co
New York
|
-$2.2M |
PNNT Hedge Fund Activity: Q3 2019 in Review
110 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2019, worth a combined $164M — down 9% from $181M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PNNT positions and 8 closed out — a net gain of 5 holders — while 33 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, adding an estimated $1.84M. The largest seller was JP Morgan Chase, cutting an estimated $4.66M.
- 110 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2019, up from 105 in Q2 2019.
- Funds reported $164M of Pennant Park Investment Corp stock for Q3 2019, down 9% quarter-over-quarter.
- 13 funds opened new Pennant Park Investment Corp positions in Q3 2019 and 8 closed out, a net change of +5 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2019 was Millennium Management, an estimated $1.84M added.
- The largest Pennant Park Investment Corp seller in Q3 2019 was JP Morgan Chase, an estimated $4.66M sold.
Based on aggregated 13F filings for Q3 2019.