PennyMac Financial
PFSI
75 hedge funds and large institutions have $300M invested in PennyMac Financial in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 12 closing their positions.
6,197% more call options, than puts
Call options by funds: $1.89M | Put options by funds: $30K
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
4% more funds holding
Funds holding: 72 → 75 (+3)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
3.48% less ownership
Funds ownership: 94.95% → 91.47% (-3.5%)
10% less capital invested
Capital invested by funds: $335M → $300M (-$34.6M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Soros Fund Management
New York
|
+$2.99M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$2.85M |
| 3 |
Morgan Stanley
New York
|
+$1.05M |
| 4 |
Renaissance Technologies
New York
|
+$904K |
| 5 |
TCGI
Three Corner Global Investors
New York
|
+$785K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Foundation Asset Management
White Plains,
New York
|
-$4.46M |
| 2 |
SH
Scepter Holdings
Fort Worth,
Texas
|
-$3.27M |
| 3 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
-$3.12M |
| 4 |
GC
Gratia Capital
Los Angeles,
California
|
-$2.78M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$916K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FAM
76
Foundation Asset Management
White Plains,
New York
| – | -$4.46M | -268,179 | Closed |
|
|
SH
77
Scepter Holdings
Fort Worth,
Texas
| – | -$3.27M | -196,373 | Closed |
|
|
GC
78
Gratia Capital
Los Angeles,
California
| – | -$2.78M | -167,160 | Closed |
|
79
Two Sigma Investments
New York
| – | -$812K | -48,821 | Closed |
|
|
SAM
80
Symphony Asset Management
San Francisco,
California
| – | -$535K | -32,167 | Closed |
|
81
Goldman Sachs
New York
| – | -$504K | -30,274 | Closed |
|
|
TAM
82
Telluride Asset Management
Wayzata,
Minnesota
| – | -$301K | -18,109 | Closed |
|
|
PAM
83
Panagora Asset Management
Boston,
Massachusetts
| – | -$293K | -17,606 | Closed |
|
|
WA
84
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$260K | -15,600 | Closed |
|
85
ProShare Advisors
Bethesda,
Maryland
| – | -$215K | -12,928 | Closed |
|
86
BNP Paribas Financial Markets
Paris,
France
| – | -$7.43K | -468 | Closed |
|
87
AllianceBernstein
Nashville,
Tennessee
| – | -$2K | -104 | Closed |
|
PFSI Hedge Fund Activity: Q2 2014 in Review
75 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q2 2014, worth a combined $300M — down 10% from $335M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFSI positions and 12 closed out — a net gain of 3 holders — while 22 added to existing stakes and 23 trimmed.
The largest buyer was Soros Fund Management, opening a new position worth an estimated $2.99M. The largest seller was Foundation Asset Management, exiting entirely with an estimated $4.46M sold.
- 75 institutional investors held PennyMac Financial (PFSI) as of Q2 2014, up from 72 in Q1 2014.
- Funds reported $300M of PennyMac Financial stock for Q2 2014, down 10% quarter-over-quarter.
- 15 funds opened new PennyMac Financial positions in Q2 2014 and 12 closed out, a net change of +3 holders.
- The largest PennyMac Financial buyer in Q2 2014 was Soros Fund Management, an estimated $2.99M added.
- The largest PennyMac Financial seller in Q2 2014 was Foundation Asset Management, an estimated $4.46M sold.
Based on aggregated 13F filings for Q2 2014.