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PennyMac Financial

223 hedge funds and large institutions have $2.2B invested in PennyMac Financial in 2020 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 57 increasing their positions, 92 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

415% more call options, than puts

Call options by funds: $154M | Put options by funds: $29.9M

177% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 22

35% more capital invested

Capital invested by funds: $1.63B → $2.2B (+$569M)

21% more funds holding

Funds holding: 185223 (+38)

3.27% more ownership

Funds ownership: 49.18%52.45% (+3.3%)

36% less funds holding in top 10

Funds holding in top 10: 149 (-5)

38% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 92

Holders
223
Holders Change
+38
Holders Change %
+20.54%
% of All Funds
4.5%
Holding in Top 10
9
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-35.71%
% of All Funds
0.18%
New
61
Increased
57
Reduced
92
Closed
22
Calls
$154M
Puts
$29.9M
Net Calls
+$124M
Net Calls Change
+$87.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$20.4M +$6.56M +132,354 +61%
Wells Fargo
27
Wells Fargo
California
$20.3M +$9.04M +182,444 +109%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$20.2M -$148K -2,983 -0.8%
Citadel Advisors
29
Citadel Advisors
Florida
$18.6M +$5.47M +110,450 +53%
Arrowstreet Capital
30
Arrowstreet Capital
Massachusetts
$17.9M +$8.73M +176,102 +134%
JP Morgan Chase
31
JP Morgan Chase
New York
$17.7M +$9.01M +181,694 +149%
CGM
32
Capital Growth Management
Massachusetts
$17.7M -$17.6M -355,000 -54%
CT
33
CGM Trust
Massachusetts
$17.7M +$15.1M +305,000 New
OCP
34
OCO Capital Partners
New York
$17.4M
Charles Schwab
35
Charles Schwab
California
$15.9M -$776K -15,657 -5%
PFMOSF
36
Philadelphia Financial Management of San Francisco
California
$15.1M -$19.9M -400,984 -61%
Allianz Asset Management
37
Allianz Asset Management
Germany
$13.6M +$6.22M +125,414 +115%
BGIM
38
Brandywine Global Investment Management
Pennsylvania
$13.2M +$3.48M +70,197 +45%
EAM
39
Eagle Asset Management
Florida
$13.2M -$5.05M -101,876 -31%
Deutsche Bank
40
Deutsche Bank
Germany
$11.7M +$7.81M +157,637 +358%
Man Group
41
Man Group
United Kingdom
$11.5M +$5.15M +103,900 +111%
KCM
42
Kennedy Capital Management
Missouri
$11M -$197K -3,967 -2%
Axa
43
Axa
France
$9.78M +$7.16M +144,534 +607%
NSGL
44
No Street GP LP
California
$9.3M +$7.93M +160,000 New
Swiss National Bank
45
Swiss National Bank
Switzerland
$8.35M +$173K +3,500 +2%
Federated Hermes
46
Federated Hermes
Pennsylvania
$7.81M +$5.4M +108,887 +428%
PP
47
Professional Planning
California
$7.79M -$3.96M -80,000 -37%
SVC
48
Strycker View Capital
New York
$7.21M +$411K +8,297 +7%
PPA
49
Parametric Portfolio Associates
Washington
$7.19M -$302K -6,092 -5%
PCM
50
Penserra Capital Management
California
$6.96M -$2.94M -59,357 -33%

PFSI Hedge Fund Activity: Q3 2020 in Review

223 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2020, worth a combined $2.2B — up 35% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PFSI positions and 22 closed out — a net gain of 39 holders — while 57 added to existing stakes and 92 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $22.7M. The largest seller was Senvest Management, cutting an estimated $42.2M.

  • 223 institutional investors held PennyMac Financial (PFSI) as of Q3 2020, up from 185 in Q2 2020.
  • Funds reported $2.2B of PennyMac Financial stock for Q3 2020, up 35% quarter-over-quarter.
  • 61 funds opened new PennyMac Financial positions in Q3 2020 and 22 closed out, a net change of +39 holders.
  • The largest PennyMac Financial buyer in Q3 2020 was Basswood Capital Management, an estimated $22.7M added.
  • The largest PennyMac Financial seller in Q3 2020 was Senvest Management, an estimated $42.2M sold.

Based on aggregated 13F filings for Q3 2020.