PennyMac Financial
PFSI
72 hedge funds and large institutions have $335M invested in PennyMac Financial in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 15 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
81% more call options, than puts
Call options by funds: $483K | Put options by funds: $267K
80% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 15
32% more capital invested
Capital invested by funds: $253M → $335M (+$82M)
19.34% more ownership
Funds ownership: 75.61% → 94.95% (+19%)
16% more funds holding
Funds holding: 62 → 72 (+10)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$10.9M |
| 2 |
SLCM
Seven Locks Capital Management
New York
|
+$10.7M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$10.5M |
| 4 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$10.5M |
| 5 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.38M |
| 2 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$728K |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
-$688K |
| 4 |
Jane Street
New York
|
-$276K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$273K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EMG
76
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$211K | -12,000 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$185K | -10,636 | Closed |
|
78
Ameriprise
Minneapolis,
Minnesota
| – | -$3K | -180 | Closed |
|
PFSI Hedge Fund Activity: Q1 2014 in Review
72 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q1 2014, worth a combined $335M — up 32% from $253M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PFSI positions and 6 closed out — a net gain of 11 holders — while 27 added to existing stakes and 15 trimmed.
The largest buyer was Senvest Management, adding an estimated $10.9M. The largest seller was Wells Fargo, cutting an estimated $1.38M.
- 72 institutional investors held PennyMac Financial (PFSI) as of Q1 2014, up from 62 in Q4 2013.
- Funds reported $335M of PennyMac Financial stock for Q1 2014, up 32% quarter-over-quarter.
- 17 funds opened new PennyMac Financial positions in Q1 2014 and 6 closed out, a net change of +11 holders.
- The largest PennyMac Financial buyer in Q1 2014 was Senvest Management, an estimated $10.9M added.
- The largest PennyMac Financial seller in Q1 2014 was Wells Fargo, an estimated $1.38M sold.
Based on aggregated 13F filings for Q1 2014.