Pennant Park Investment Corp
PNNT
108 hedge funds and large institutions have $65.6M invested in Pennant Park Investment Corp in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 43 reducing their positions, and 14 closing their positions.
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
0% more funds holding
Funds holding: 108 → 108 (0)
2.79% less ownership
Funds ownership: 40.64% → 37.85% (-2.8%)
33% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 43
63% less capital invested
Capital invested by funds: $178M → $65.6M (-$112M)
69% less call options, than puts
Call options by funds: $53K | Put options by funds: $172K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$2.41M |
| 2 |
Millennium Management
New York
|
+$1.95M |
| 3 |
RA
Resource America
New York
|
+$1.38M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$1.14M |
| 5 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$996K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$2.94M |
| 2 |
Goldman Sachs
New York
|
-$2.27M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$2.22M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$2.04M |
| 5 |
Two Sigma Investments
New York
|
-$2M |
PNNT Hedge Fund Activity: Q1 2020 in Review
108 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2020, worth a combined $65.6M — down 63% from $178M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PNNT positions and 14 closed out — a net gain of 3 holders — while 29 added to existing stakes and 43 trimmed.
The largest buyer was Sumitomo Mitsui Trust Group, opening a new position worth an estimated $2.41M. The largest seller was Greenwich Investment Management, exiting entirely with an estimated $2.94M sold.
- 108 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $65.6M of Pennant Park Investment Corp stock for Q1 2020, down 63% quarter-over-quarter.
- 17 funds opened new Pennant Park Investment Corp positions in Q1 2020 and 14 closed out, a net change of +3 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2020 was Sumitomo Mitsui Trust Group, an estimated $2.41M added.
- The largest Pennant Park Investment Corp seller in Q1 2020 was Greenwich Investment Management, an estimated $2.94M sold.
Based on aggregated 13F filings for Q1 2020.