Pennant Park Investment Corp
PNNT
93 hedge funds and large institutions have $120M invested in Pennant Park Investment Corp in 2021 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 20 increasing their positions, 34 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
44% more capital invested
Capital invested by funds: $83.5M → $120M (+$36.9M)
11% more funds holding
Funds holding: 84 → 93 (+9)
4.12% more ownership
Funds ownership: 27.67% → 31.8% (+4.1%)
41% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 34
42% less call options, than puts
Call options by funds: $412K | Put options by funds: $716K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$14.2M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$2.92M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$1.38M |
| 4 |
VanEck Associates
New York
|
+$1.02M |
| 5 |
Two Sigma Investments
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.09M |
| 2 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.64M |
| 3 |
HF
HRT Financial
New York
|
-$1.01M |
| 4 |
BlackRock
New York
|
-$455K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$408K |
PNNT Hedge Fund Activity: Q1 2021 in Review
93 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q1 2021, worth a combined $120M — up 44% from $83.5M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PNNT positions and 10 closed out — a net gain of 9 holders — while 20 added to existing stakes and 34 trimmed.
The largest buyer was Ares Management, adding an estimated $14.2M. The largest seller was Millennium Management, cutting an estimated $2.09M.
- 93 institutional investors held Pennant Park Investment Corp (PNNT) as of Q1 2021, up from 84 in Q4 2020.
- Funds reported $120M of Pennant Park Investment Corp stock for Q1 2021, up 44% quarter-over-quarter.
- 19 funds opened new Pennant Park Investment Corp positions in Q1 2021 and 10 closed out, a net change of +9 holders.
- The largest Pennant Park Investment Corp buyer in Q1 2021 was Ares Management, an estimated $14.2M added.
- The largest Pennant Park Investment Corp seller in Q1 2021 was Millennium Management, an estimated $2.09M sold.
Based on aggregated 13F filings for Q1 2021.