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PennyMac Financial
PFSI

87 hedge funds and large institutions have $341M invested in PennyMac Financial in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 45 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 18

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

2% more funds holding

Funds holding: 85 → 87 (+2)

0.81% more ownership

Funds ownership: 90.93% → 91.74% (+0.81%)

1% less capital invested

Capital invested by funds: $343M → $341M (-$1.88M)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $13K

Holders
87
Holders Change
+2
Holders Change %
+2.35%
% of All Funds
2.17%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
45
Reduced
18
Closed
7
Calls
–
Puts
$13K
Net Calls
-$13K
Net Calls Change
+$36K

Top Buyers

1
BCM
Basswood Capital Management
New York
+$10.9M
2
Millennium Management
Millennium Management
New York
+$4.67M
3
Renaissance Technologies
Renaissance Technologies
New York
+$3.96M
4
NI
Numeric Investors
Massachusetts
+$3.22M
5
Bank of America
Bank of America
North Carolina
+$2.33M

Top Sellers

1
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$17.5M
2
OA
Omega Advisors
New York
-$11.8M
3
SC
Seawolf Capital
New York
-$1.48M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$834K
5
AllianceBernstein
AllianceBernstein
Tennessee
-$601K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$2.31M +$183K +10,763 +8%
Invesco
27
Invesco
Georgia
$2.03M +$836K +49,106 +68%
Nordea Investment Management
28
Nordea Investment Management
Sweden
$2.02M +$955K +56,128 +86%
Connor, Clark & Lunn Investment Management (CC&L)
29
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.9M +$1.59M +93,448 +451%
BIT
30
BlackRock Institutional Trust
California
$1.88M – – –
NFA
31
Nationwide Fund Advisors
Ohio
$1.77M +$338K +19,867 +23%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$1.56M +$433K +25,471 +37%
MAM
33
Martingale Asset Management
Massachusetts
$1.34M +$979K +57,515 +248%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$1.28M -$834K -49,015 -39%
Deutsche Bank
35
Deutsche Bank
Germany
$1.26M +$776K +45,600 +152%
Two Sigma Investments
36
Two Sigma Investments
New York
$1.25M +$1.08M +63,558 +555%
Prudential Financial
37
Prudential Financial
New Jersey
$1.2M +$129K +7,570 +12%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$965K +$320K +18,835 +48%
OAM
39
Oxford Asset Management
United Kingdom
$944K -$148K -8,682 -13%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$830K +$139K +8,177 +20%
SCM
41
Sterling Capital Management
North Carolina
$734K +$158K +9,315 +27%
WA
42
WESPAC Advisors
California
$731K +$747K +43,922 New
TCIM
43
TIAA CREF Investment Management
New York
$623K -$98K -5,760 -13%
BIM
44
BlackRock Investment Management
Delaware
$606K – – –
SO
45
STRS Ohio
Ohio
$587K -$10.2K -600 -2%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$529K +$298K +17,500 +122%
UBS Group
47
UBS Group
Switzerland
$514K +$465K +27,311 +775%
Grantham, Mayo, Van Otterloo & Co (GMO)
48
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$512K -$49K -2,881 -9%
Squarepoint
49
Squarepoint
New York
$502K +$513K +30,141 New
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$467K -$11.9K -700 -2%
1
2
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PFSI Hedge Fund Activity: Q4 2016 in Review

87 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2016, worth a combined $341M — down 0.55% from $343M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PFSI positions and 7 closed out — a net gain of 4 holders — while 45 added to existing stakes and 18 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $10.9M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $17.5M sold.

  • 87 institutional investors held PennyMac Financial (PFSI) as of Q4 2016, up from 85 in Q3 2016.
  • Funds reported $341M of PennyMac Financial stock for Q4 2016, down 0.55% quarter-over-quarter.
  • 11 funds opened new PennyMac Financial positions in Q4 2016 and 7 closed out, a net change of +4 holders.
  • The largest PennyMac Financial buyer in Q4 2016 was Basswood Capital Management, an estimated $10.9M added.
  • The largest PennyMac Financial seller in Q4 2016 was Philadelphia Financial Management of San Francisco, an estimated $17.5M sold.

Based on aggregated 13F filings for Q4 2016.