Pennant Park Investment Corp
PNNT
87 hedge funds and large institutions have $64.1M invested in Pennant Park Investment Corp in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 36 reducing their positions, and 14 closing their positions.
2% less funds holding
Funds holding: 89 → 87 (-2)
2.52% less ownership
Funds ownership: 32.49% → 29.97% (-2.5%)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
19% less capital invested
Capital invested by funds: $79.6M → $64.1M (-$15.5M)
42% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 36
54% less call options, than puts
Call options by funds: $25K | Put options by funds: $54K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$1.04M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$679K |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$183K |
| 4 |
BlackRock
New York
|
+$158K |
| 5 |
VanEck Associates
New York
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$1.65M |
| 2 |
WFI
West Family Investments
Carlsbad,
California
|
-$1.5M |
| 3 |
Millennium Management
New York
|
-$797K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$685K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$430K |
PNNT Hedge Fund Activity: Q3 2020 in Review
87 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2020, worth a combined $64.1M — down 19% from $79.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PNNT and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 21 added.
The largest buyer was Callodine Capital Management, adding an estimated $1.04M. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $1.65M sold.
- 87 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2020, down from 89 in Q2 2020.
- Funds reported $64.1M of Pennant Park Investment Corp stock for Q3 2020, down 19% quarter-over-quarter.
- 12 funds opened new Pennant Park Investment Corp positions in Q3 2020 and 14 closed out, a net change of -2 holders.
- The largest Pennant Park Investment Corp buyer in Q3 2020 was Callodine Capital Management, an estimated $1.04M added.
- The largest Pennant Park Investment Corp seller in Q3 2020 was B. Riley Wealth Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q3 2020.