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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
AG
51
Aperio Group
California
$570K -$48.8K -2,386 -8%
Deutsche Bank
52
Deutsche Bank
Germany
$564K -$693K -33,884 -56%
Franklin Resources
53
Franklin Resources
California
$554K -$153K -7,477 -22%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$489K – – –
Bank of America
55
Bank of America
North Carolina
$480K +$121K +5,914 +36%
MAM
56
Martingale Asset Management
Massachusetts
$436K -$756K -36,952 -64%
MAM
57
Meeder Asset Management
Ohio
$372K +$128K +6,261 +56%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$329K -$6.92K -338 -2%
State Board of Administration of Florida Retirement System
59
State Board of Administration of Florida Retirement System
Florida
$296K – – –
Barclays
60
Barclays
United Kingdom
$281K -$33K -1,614 -11%
Allianz Asset Management
61
Allianz Asset Management
Germany
$274K -$1.13M -55,142 -81%
BGIM
62
Brandywine Global Investment Management
Pennsylvania
$269K – – –
D.E. Shaw & Co
63
D.E. Shaw & Co
New York
$264K -$652K -31,863 -72%
SRAM
64
Stone Ridge Asset Management
New York
$257K +$247K +12,076 New
PI
65
PEAK6 Investments
Illinois
$248K +$238K +11,649 New
AssetMark Inc
66
AssetMark Inc
California
$219K -$64.4K -3,148 -23%
UBS Group
67
UBS Group
Switzerland
$210K +$69.5K +3,395 +52%
MIM
68
MetLife Investment Management
New Jersey
$156K – – –
LS
69
Livforsakringsbolaget Skandia
Sweden
$149K – – –
MLICM
70
Metropolitan Life Insurance Company (MetLife)
New York
$135K – – –
Citigroup
71
Citigroup
New York
$127K +$11.7K +573 +11%
Bessemer Group
72
Bessemer Group
New Jersey
$117K +$113K +5,500 New
Legal & General Group
73
Legal & General Group
United Kingdom
$63K – – –
RFA
74
Reilly Financial Advisors
California
$49K – – –
Simplex Trading
75
Simplex Trading
Illinois
$45K -$6.3K -308 -13%
1 2
3
4

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.