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PennyMac Financial
PFSI

81 hedge funds and large institutions have $500M invested in PennyMac Financial in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 36 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $476M → $500M (+$24M)

13% less funds holding

Funds holding: 93 → 81 (-12)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

36% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 36

58% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 19

60.04% less ownership

Funds ownership: 90.37% → 30.32% (-60%)

Holders
81
Holders Change
-12
Holders Change %
-12.9%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
8
Increased
23
Reduced
36
Closed
19
Calls
$836K
Puts
–
Net Calls
+$836K
Net Calls Change
+$836K

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$66.6M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$20.9M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$5.57M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$5.39M
5
PP
Professional Planning
California
+$5.17M

Top Sellers

1
BlackRock
BlackRock
New York
-$36.9M
2
BCM
Basswood Capital Management
New York
-$19.2M
3
Morgan Stanley
Morgan Stanley
New York
-$14.2M
4
LPC
Long Pond Capital
New York
-$7.67M
5
SM
Senvest Management
New York
-$7.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
USAA
26
United Services Automobile Association
Texas
$2.26M +$287K +14,000 +15%
Nordea Investment Management
27
Nordea Investment Management
Sweden
$2.17M +$17.7K +865 +0.9%
Invesco
28
Invesco
Georgia
$2.12M +$129K +6,302 +7%
IA
29
IndexIQ Advisors
New York
$2.01M -$158K -7,717 -8%
Prudential Financial
30
Prudential Financial
New Jersey
$1.52M +$731K +35,715 +100%
PPA
31
Parametric Portfolio Associates
Washington
$1.49M -$162K -7,892 -10%
AIG
32
American International Group
New York
$1.34M -$12.8K -624 -1%
QI
33
QS Investors
New York
$1.33M – – –
Charles Schwab
34
Charles Schwab
California
$1.21M +$208K +10,173 +22%
SFM
35
Systematic Financial Management
New Jersey
$1.17M +$13K +635 +1%
EMG
36
Ellington Management Group
Connecticut
$1.09M -$258K -12,601 -20%
Goldman Sachs
37
Goldman Sachs
New York
$1.05M -$39.4K -1,923 -4%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$979K +$120K +5,872 +15%
SCM
39
Sterling Capital Management
North Carolina
$863K -$82 -4 -0%
Squarepoint
40
Squarepoint
New York
$854K +$396K +19,352 +93%
TA
41
Teachers Advisors
New York
$799K – – –
GC
42
Globeflex Capital
California
$764K -$737K -36,009 -50%
TCIM
43
TIAA CREF Investment Management
New York
$757K -$6.47K -316 -0.9%
Wells Fargo
44
Wells Fargo
California
$738K -$924K -45,155 -57%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$667K +$231K +11,294 +56%
TD Asset Management
46
TD Asset Management
Ontario, Canada
$665K +$108K +5,300 +20%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$661K +$10.7K +525 +2%
ADEF
48
Adams Diversified Equity Fund
Maryland
$606K -$24.6K -1,200 -4%
SO
49
STRS Ohio
Ohio
$605K -$88K -4,300 -13%
OSAM
50
O'Shaughnessy Asset Management
Connecticut
$594K -$737 -36 -0.1%
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PFSI Hedge Fund Activity: Q4 2018 in Review

81 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2018, worth a combined $500M — up 5% from $476M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFSI and 8 opened new positions — a net loss of 11 holders — while 36 trimmed existing stakes and 23 added.

The largest buyer was Vanguard Group, adding an estimated $66.6M. The largest seller was BlackRock, cutting an estimated $36.9M.

  • 81 institutional investors held PennyMac Financial (PFSI) as of Q4 2018, down from 93 in Q3 2018.
  • Funds reported $500M of PennyMac Financial stock for Q4 2018, up 5% quarter-over-quarter.
  • 8 funds opened new PennyMac Financial positions in Q4 2018 and 19 closed out, a net change of -11 holders.
  • The largest PennyMac Financial buyer in Q4 2018 was Vanguard Group, an estimated $66.6M added.
  • The largest PennyMac Financial seller in Q4 2018 was BlackRock, an estimated $36.9M sold.

Based on aggregated 13F filings for Q4 2018.