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PennyMac Financial
PFSI

76 hedge funds and large institutions have $377M invested in PennyMac Financial in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $340M → $377M (+$37.2M)

3.09% more ownership

Funds ownership: 87.09% → 90.18% (+3.1%)

8% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 25

11% less funds holding

Funds holding: 85 → 76 (-9)

44% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 18

Holders
76
Holders Change
-9
Holders Change %
-10.59%
% of All Funds
1.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
25
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
+$12.4M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
+$8.27M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$5.18M
4
EMG
Ellington Management Group
Connecticut
+$1.71M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.62M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.04M
2
NI
Numeric Investors
Massachusetts
-$1.61M
3
GIM
Greenwich Investment Management
Connecticut
-$1.53M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.31M
5
SCA
Secor Capital Advisors
New York
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
EMG
26
Ellington Management Group
Connecticut
$1.77M +$1.71M +99,300 New
AQR Capital Management
27
AQR Capital Management
Connecticut
$1.7M -$362K -21,007 -18%
NFA
28
Nationwide Fund Advisors
Ohio
$1.64M -$48.3K -2,800 -3%
Wells Fargo
29
Wells Fargo
California
$1.39M -$390K -22,632 -22%
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
$1.26M -$508K -29,435 -29%
QI
31
QS Investors
New York
$1.2M -$32.5K -1,882 -3%
Norges Bank
32
Norges Bank
Norway
$975K – – –
WA
33
WESPAC Advisors
California
$915K -$124K -7,175 -12%
IA
34
IndexIQ Advisors
New York
$905K +$398K +23,077 +83%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$786K -$111K -6,437 -13%
TCIM
36
TIAA CREF Investment Management
New York
$728K +$9.83K +570 +1%
USAA
37
United Services Automobile Association
Texas
$710K +$38K +2,200 +6%
Prudential Financial
38
Prudential Financial
New Jersey
$639K -$86.9K -5,040 -12%
Charles Schwab
39
Charles Schwab
California
$531K – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
40
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$530K – – –
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$453K -$46.1K -2,673 -10%
TA
42
Teachers Advisors
New York
$447K -$48.2K -2,794 -10%
AG
43
Aperio Group
California
$386K +$114K +6,627 +44%
Goldman Sachs
44
Goldman Sachs
New York
$344K -$534K -30,980 -62%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$327K +$4.69K +272 +2%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$320K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$306K +$295K +17,073 +16,416%
First Trust Advisors
48
First Trust Advisors
Illinois
$294K +$285K +16,530 New
Deutsche Bank
49
Deutsche Bank
Germany
$292K -$69.7K -4,042 -20%
TD Asset Management
50
TD Asset Management
Ontario, Canada
$276K – – –
1
2
3 4

PFSI Hedge Fund Activity: Q3 2017 in Review

76 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2017, worth a combined $377M — up 11% from $340M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PFSI and 10 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 27 added.

The largest buyer was Mangrove Partners, opening a new position worth an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $2.04M.

  • 76 institutional investors held PennyMac Financial (PFSI) as of Q3 2017, down from 85 in Q2 2017.
  • Funds reported $377M of PennyMac Financial stock for Q3 2017, up 11% quarter-over-quarter.
  • 10 funds opened new PennyMac Financial positions in Q3 2017 and 18 closed out, a net change of -8 holders.
  • The largest PennyMac Financial buyer in Q3 2017 was Mangrove Partners, an estimated $12.4M added.
  • The largest PennyMac Financial seller in Q3 2017 was Morgan Stanley, an estimated $2.04M sold.

Based on aggregated 13F filings for Q3 2017.