PJT Investments Corp.
Long book
$252.3M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsPJT Investments Corp. is a wealth-management firm allocating client money, specialised in energy (93% of the long book), running a $252.3M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, THOMSON REUTERS CORP, INVESCO S&P 500 EQUAL WEIGHT, ENBRIDGE INC, SS ENERGY SELECT SECTOR.
Over the last 4 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 2 of 4 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2025
+8.8%
Q3 2025
-1.5%
Q4 2025
+5.9%
Q1 2026
+6.7%
Sector allocation
Energy 50%
Other 46%
Financials 4%
Long book by quarter
What does PJT Investments own?
Q1 2026 13F13F filing history
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