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PennyMac Financial
PFSI

72 hedge funds and large institutions have $335M invested in PennyMac Financial in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

81% more call options, than puts

Call options by funds: $483K | Put options by funds: $267K

80% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 15

32% more capital invested

Capital invested by funds: $253M → $335M (+$82M)

19.34% more ownership

Funds ownership: 75.61% → 94.95% (+19%)

16% more funds holding

Funds holding: 62 → 72 (+10)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
72
Holders Change
+10
Holders Change %
+16.13%
% of All Funds
2.08%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
17
Increased
27
Reduced
15
Closed
6
Calls
$483K
Puts
$267K
Net Calls
+$216K
Net Calls Change
+$214K

Top Buyers

Rank Fund Capital Flow
1
SM
Senvest Management
New York
+$10.9M
2
SLCM
Seven Locks Capital Management
New York
+$10.7M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$10.5M
4
CCA
Canyon Capital Advisors
Texas
+$10.5M
5
MVP
Miller Value Partners
Florida
+$10.3M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$1.38M
2
GIM
Greenwich Investment Management
Connecticut
-$728K
3
SO
STRS Ohio
Ohio
-$688K
4
Jane Street
Jane Street
New York
-$276K
5
Citadel Advisors
Citadel Advisors
Florida
-$273K
Name Holding Trade Value Shares
Change 		Change in
Stake
FCH
26
Freestone Capital Holdings
Washington
$1.59M – – –
LCM
27
Laurion Capital Management
New York
$1.19M +$1.25M +71,478 New
Bank of New York Mellon
28
Bank of New York Mellon
New York
$1.06M -$488 -28 -0%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$1.03M +$4.93K +283 +0.5%
Deutsche Bank
30
Deutsche Bank
Germany
$979K +$967K +55,519 +1,668%
TCIM
31
TIAA CREF Investment Management
New York
$931K -$38K -2,180 -4%
RA
32
Royce & Associates
New York
$832K – – –
Two Sigma Investments
33
Two Sigma Investments
New York
$812K +$510K +29,284 +150%
RFC
34
Russell Frank Company
Washington
$784K +$850K +48,800 New
BIM
35
BlackRock Investment Management
Delaware
$735K – – –
Morgan Stanley
36
Morgan Stanley
New York
$639K +$323K +18,549 +93%
DAL
37
David A. Lorber
$559K +$585K +33,596 New
SAM
38
Symphony Asset Management
California
$535K +$150K +8,609 +37%
Goldman Sachs
39
Goldman Sachs
New York
$504K +$272K +15,630 +107%
CS
40
Credit Suisse
Switzerland
$486K +$269K +15,442 +112%
TRCT
41
Tower Research Capital (TRC)
New York
$462K +$455K +26,107 +1,615%
DekaBank Deutsche Girozentrale
42
DekaBank Deutsche Girozentrale
Germany
$433K +$453K +26,000 New
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$384K – – –
TA
44
Teachers Advisors
New York
$350K +$49.6K +2,850 +16%
AI
45
Analytic Investors
California
$326K +$341K +19,582 New
Charles Schwab
46
Charles Schwab
California
$303K – – –
TAM
47
Telluride Asset Management
Minnesota
$301K +$315K +18,109 New
PAM
48
Panagora Asset Management
Massachusetts
$293K -$253K -14,518 -45%
GMIM
49
General Motors Investment Management
New York
$278K -$27.3K -1,567 -9%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$261K -$9.06K -520 -3%
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PFSI Hedge Fund Activity: Q1 2014 in Review

72 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q1 2014, worth a combined $335M — up 32% from $253M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PFSI positions and 6 closed out — a net gain of 11 holders — while 27 added to existing stakes and 15 trimmed.

The largest buyer was Senvest Management, adding an estimated $10.9M. The largest seller was Wells Fargo, cutting an estimated $1.38M.

  • 72 institutional investors held PennyMac Financial (PFSI) as of Q1 2014, up from 62 in Q4 2013.
  • Funds reported $335M of PennyMac Financial stock for Q1 2014, up 32% quarter-over-quarter.
  • 17 funds opened new PennyMac Financial positions in Q1 2014 and 6 closed out, a net change of +11 holders.
  • The largest PennyMac Financial buyer in Q1 2014 was Senvest Management, an estimated $10.9M added.
  • The largest PennyMac Financial seller in Q1 2014 was Wells Fargo, an estimated $1.38M sold.

Based on aggregated 13F filings for Q1 2014.