Pennant Group
PNTG
151 hedge funds and large institutions have $601M invested in Pennant Group in 2024 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 55 increasing their positions, 49 reducing their positions, and 17 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
16% more capital invested
Capital invested by funds: $518M → $601M (+$82.9M)
12% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 49
3% more funds holding
Funds holding: 146 → 151 (+5)
0.03% less ownership
Funds ownership: 86.28% → 86.25% (-0.03%)
63% less call options, than puts
Call options by funds: $178K | Put options by funds: $480K
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.6M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.04M |
| 3 |
BCM
Boone Capital Management
Atlanta,
Georgia
|
+$2.98M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.28M |
| 5 |
BlackRock
New York
|
+$1.94M |
Top Sellers
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$19M |
| 2 |
Millennium Management
New York
|
-$3.93M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$3.41M |
| 4 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$2.74M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$2.53M |
PNTG Hedge Fund Activity: Q2 2024 in Review
151 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Pennant Group (PNTG) for Q2 2024, worth a combined $601M — up 16% from $518M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PNTG positions and 17 closed out — a net gain of 7 holders — while 55 added to existing stakes and 49 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $36.6M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $19M.
- 151 institutional investors held Pennant Group (PNTG) as of Q2 2024, up from 146 in Q1 2024.
- Funds reported $601M of Pennant Group stock for Q2 2024, up 16% quarter-over-quarter.
- 24 funds opened new Pennant Group positions in Q2 2024 and 17 closed out, a net change of +7 holders.
- The largest Pennant Group buyer in Q2 2024 was Fidelity Investments, an estimated $36.6M added.
- The largest Pennant Group seller in Q2 2024 was T. Rowe Price Investment Management, an estimated $19M sold.
Based on aggregated 13F filings for Q2 2024.