Pennant Park Investment Corp
PNNT
115 hedge funds and large institutions have $100M invested in Pennant Park Investment Corp in 2024 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 40 reducing their positions, and 13 closing their positions.
1,240% more call options, than puts
Call options by funds: $1.42M | Put options by funds: $106K
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0% more funds holding
Funds holding: 115 → 115 (0)
4.64% less ownership
Funds ownership: 26.52% → 21.88% (-4.6%)
15% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 40
23% less capital invested
Capital invested by funds: $131M → $100M (-$30.6M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.79M |
| 2 |
DA
Denali Advisors
San Diego,
California
|
+$816K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$591K |
| 4 |
Two Sigma Advisers
New York
|
+$581K |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
+$505K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$16.3M |
| 2 |
Millennium Management
New York
|
-$2.73M |
| 3 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
-$2.37M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$850K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$740K |
PNNT Hedge Fund Activity: Q3 2024 in Review
115 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Pennant Park Investment Corp (PNNT) for Q3 2024, worth a combined $100M — down 23% from $131M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PNNT positions and 13 closed out — a net gain of 1 holder — while 34 added to existing stakes and 40 trimmed.
The largest buyer was Invesco, adding an estimated $1.79M. The largest seller was Ares Management, cutting an estimated $16.3M.
- 115 institutional investors held Pennant Park Investment Corp (PNNT) as of Q3 2024, unchanged from Q2 2024.
- Funds reported $100M of Pennant Park Investment Corp stock for Q3 2024, down 23% quarter-over-quarter.
- 14 funds opened new Pennant Park Investment Corp positions in Q3 2024 and 13 closed out, a net change of +1 holder.
- The largest Pennant Park Investment Corp buyer in Q3 2024 was Invesco, an estimated $1.79M added.
- The largest Pennant Park Investment Corp seller in Q3 2024 was Ares Management, an estimated $16.3M sold.
Based on aggregated 13F filings for Q3 2024.