PNFP ranks #750 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PNFP is a top-conviction position for 12th Street Asset Management Company, LLC — at 6.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in PNFP belongs to BlackRock, Inc., but the position matters far more to 12th Street Asset Management Company, LLC, who has 6.2% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Fidelity has added to its PNFP position for two straight quarters, increasing it by $911.6M to reach $1.1B today.
Intech Investment Management LLC has trimmed its PNFP position for two straight quarters, cutting it by $7.5M while still holding $338.7K.
PNFP is up 0.1% today, and institutions have been net buyers of $2.8B this quarter — today's price move and the underlying institutional flow are pointing the same direction.