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PennyMac Financial
PFSI

80 hedge funds and large institutions have $237M invested in PennyMac Financial in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

35% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 23

3.26% less ownership

Funds ownership: 95.1% → 91.84% (-3.3%)

7% less funds holding

Funds holding: 86 → 80 (-6)

26% less capital invested

Capital invested by funds: $320M → $237M (-$83.1M)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
80
Holders Change
-6
Holders Change %
-6.98%
% of All Funds
2.13%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
8
Increased
31
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SM
Senvest Management
New York
+$3.56M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
+$2.73M
3
PCM
PAR Capital Management
Massachusetts
+$1.68M
4
PI
Putnam Investments
Massachusetts
+$1.26M
5
Renaissance Technologies
Renaissance Technologies
New York
+$1.17M

Top Sellers

1
OA
Omega Advisors
New York
-$7.84M
2
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
-$5.27M
3
SFM
Soros Fund Management
New York
-$2.88M
4
BCM
Basswood Capital Management
New York
-$2.51M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFA
26
Nationwide Fund Advisors
Ohio
$1.06M – – –
Bank of New York Mellon
27
Bank of New York Mellon
New York
$922K -$46.3K -3,844 -5%
WSA
28
Wall Street Associates
California
$852K – – –
RFC
29
Russell Frank Company
Washington
$744K -$236K -19,572 -24%
Millennium Management
30
Millennium Management
New York
$700K +$249K +20,718 +53%
Prudential Financial
31
Prudential Financial
New Jersey
$690K +$97.5K +8,100 +16%
Invesco
32
Invesco
Georgia
$687K -$4.81K -400 -0.7%
TCIM
33
TIAA CREF Investment Management
New York
$500K -$13.7K -1,138 -3%
CIC
34
Cornercap Investment Counsel
Georgia
$500K +$159K +13,200 +45%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$466K +$128K +10,673 +37%
SO
36
STRS Ohio
Ohio
$458K – – –
BIM
37
BlackRock Investment Management
Delaware
$428K – – –
CEP
38
Chicago Equity Partners
Illinois
$422K +$432K +35,919 New
SCM
39
Sterling Capital Management
North Carolina
$413K +$39.1K +3,252 +10%
QI
40
Quotient Investors
New York
$404K +$45.2K +3,760 +12%
OAM
41
Oxford Asset Management
United Kingdom
$400K +$199K +16,566 +95%
Two Sigma Investments
42
Two Sigma Investments
New York
$388K -$9.79K -814 -2%
MAM
43
Martingale Asset Management
Massachusetts
$335K -$38.5K -3,200 -10%
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$330K +$41.9K +3,484 +14%
Jacobs Levy Equity Management
45
Jacobs Levy Equity Management
New Jersey
$323K +$48.7K +4,051 +17%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$309K +$40.9K +3,400 +15%
Boston Partners
47
Boston Partners
Massachusetts
$282K +$289K +23,984 New
Grantham, Mayo, Van Otterloo & Co (GMO)
48
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$260K +$266K +22,100 New
AI
49
Analytic Investors
California
$257K -$302K -25,067 -53%
Morgan Stanley
50
Morgan Stanley
New York
$228K -$49.7K -4,130 -18%
1
2
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PFSI Hedge Fund Activity: Q1 2016 in Review

80 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q1 2016, worth a combined $237M — down 26% from $320M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PFSI and 8 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 31 added.

The largest buyer was Senvest Management, adding an estimated $3.56M. The largest seller was Omega Advisors, cutting an estimated $7.84M.

  • 80 institutional investors held PennyMac Financial (PFSI) as of Q1 2016, down from 86 in Q4 2015.
  • Funds reported $237M of PennyMac Financial stock for Q1 2016, down 26% quarter-over-quarter.
  • 8 funds opened new PennyMac Financial positions in Q1 2016 and 14 closed out, a net change of -6 holders.
  • The largest PennyMac Financial buyer in Q1 2016 was Senvest Management, an estimated $3.56M added.
  • The largest PennyMac Financial seller in Q1 2016 was Omega Advisors, an estimated $7.84M sold.

Based on aggregated 13F filings for Q1 2016.