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PennyMac Financial
PFSI

62 hedge funds and large institutions have $253M invested in PennyMac Financial in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

11% more funds holding

Funds holding: 56 → 62 (+6)

10.65% more ownership

Funds ownership: 64.95% → 75.61% (+11%)

10% more capital invested

Capital invested by funds: $231M → $253M (+$22.3M)

6% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 18

Holders
62
Holders Change
+6
Holders Change %
+10.71%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
14
Increased
19
Reduced
18
Closed
8
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$2K

Top Buyers

1
BlackRock
BlackRock
New York
+$31.1M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$9.51M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$4.93M
4
CCA
Canyon Capital Advisors
Texas
+$1.83M
5
FCH
Freestone Capital Holdings
Washington
+$1.65M

Top Sellers

1
NIMC
NWQ Investment Management Company
California
-$10.2M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$9.03M
3
LPC
Long Pond Capital
New York
-$4.5M
4
SAM
Symphony Asset Management
California
-$1.65M
5
PRCM
Pine River Capital Management
Minnesota
-$921K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
BlackRock Investment Management
Delaware
$775K -$7.2K -416 -0.9%
SO
27
STRS Ohio
Ohio
$693K -$65.7K -3,800 -9%
PAM
28
Panagora Asset Management
Massachusetts
$564K -$859K -49,644 -61%
SAM
29
Symphony Asset Management
California
$413K -$1.65M -95,558 -80%
California State Teachers Retirement System (CalSTRS)
30
California State Teachers Retirement System (CalSTRS)
California
$405K +$3.46K +200 +0.9%
Morgan Stanley
31
Morgan Stanley
New York
$348K +$61.9K +3,578 +22%
Two Sigma Investments
32
Two Sigma Investments
New York
$343K +$338K +19,537 New
Charles Schwab
33
Charles Schwab
California
$320K – – –
GMIM
34
General Motors Investment Management
New York
$320K +$30K +1,737 +11%
TA
35
Teachers Advisors
New York
$319K +$2.77K +160 +0.9%
Citigroup
36
Citigroup
New York
$302K +$240K +13,879 +419%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$284K -$23.4K -1,350 -8%
Jane Street
38
Jane Street
New York
$276K +$272K +15,735 New
Citadel Advisors
39
Citadel Advisors
Florida
$273K -$212K -12,270 -44%
VOYA Investment Management
40
VOYA Investment Management
Georgia
$273K – – –
PPA
41
Parametric Portfolio Associates
Washington
$268K +$264K +15,264 New
Goldman Sachs
42
Goldman Sachs
New York
$257K +$253K +14,644 New
MLICM
43
Metropolitan Life Insurance Company (MetLife)
New York
$244K – – –
CS
44
Credit Suisse
Switzerland
$242K -$97.6K -5,640 -29%
State Board of Administration of Florida Retirement System
45
State Board of Administration of Florida Retirement System
Florida
$232K – – –
EMG
46
Ellington Management Group
Connecticut
$211K +$208K +12,000 New
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
$187K +$184K +10,636 New
MC
48
Menta Capital
California
$179K +$3.46K +200 +2%
NFA
49
Nationwide Fund Advisors
Ohio
$175K -$3.23K -187 -2%
AIG
50
American International Group
New York
$149K -$1.47K -85 -1%
1
2
3

PFSI Hedge Fund Activity: Q4 2013 in Review

62 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2013, worth a combined $253M — up 9.7% from $231M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PFSI positions and 8 closed out — a net gain of 6 holders — while 19 added to existing stakes and 18 trimmed.

The largest buyer was BlackRock, adding an estimated $31.1M. The largest seller was NWQ Investment Management Company, cutting an estimated $10.2M.

  • 62 institutional investors held PennyMac Financial (PFSI) as of Q4 2013, up from 56 in Q3 2013.
  • Funds reported $253M of PennyMac Financial stock for Q4 2013, up 9.7% quarter-over-quarter.
  • 14 funds opened new PennyMac Financial positions in Q4 2013 and 8 closed out, a net change of +6 holders.
  • The largest PennyMac Financial buyer in Q4 2013 was BlackRock, an estimated $31.1M added.
  • The largest PennyMac Financial seller in Q4 2013 was NWQ Investment Management Company, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2013.