PennyMac Financial
PFSI
70 hedge funds and large institutions have $350M invested in PennyMac Financial in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 11 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
16% more capital invested
Capital invested by funds: $302M → $350M (+$48.3M)
0.2% more ownership
Funds ownership: 93.06% → 93.26% (+0.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 75 → 70 (-5)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
51% less call options, than puts
Call options by funds: $17K | Put options by funds: $35K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$1.98M |
| 2 |
LPC
Long Pond Capital
New York
|
+$1.93M |
| 3 |
SLCM
Seven Locks Capital Management
New York
|
+$1.48M |
| 4 |
SM
Senvest Management
New York
|
+$1.06M |
| 5 |
JP Morgan Chase
New York
|
+$659K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$2.15M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$1.6M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$1.59M |
| 4 |
BCM
Basswood Capital Management
New York
|
-$921K |
| 5 |
RA
Royce & Associates
New York
|
-$733K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NERM
76
New England Research & Management
Chicago,
Illinois
| – | -$164K | -11,200 | Closed |
|
|
GCP
77
GSA Capital Partners
London,
United Kingdom
| – | -$149K | -10,167 | Closed |
|
|
WRM
78
Westport Resources Management
Westport,
Connecticut
| – | -$29K | -2,000 | Closed |
|
|
GXMC
79
Global X Management Company
New York
| – | -$21K | -1,430 | Closed |
|
80
BNP Paribas Financial Markets
Paris,
France
| – | -$12.8K | -873 | Closed |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| – | +$32 | +2 | New |
|
PFSI Hedge Fund Activity: Q4 2014 in Review
70 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2014, worth a combined $350M — up 16% from $302M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PFSI and 7 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 27 added.
The largest buyer was Philadelphia Financial Management of San Francisco, adding an estimated $1.98M. The largest seller was Greenwich Investment Management, cutting an estimated $2.15M.
- 70 institutional investors held PennyMac Financial (PFSI) as of Q4 2014, down from 75 in Q3 2014.
- Funds reported $350M of PennyMac Financial stock for Q4 2014, up 16% quarter-over-quarter.
- 7 funds opened new PennyMac Financial positions in Q4 2014 and 11 closed out, a net change of -4 holders.
- The largest PennyMac Financial buyer in Q4 2014 was Philadelphia Financial Management of San Francisco, an estimated $1.98M added.
- The largest PennyMac Financial seller in Q4 2014 was Greenwich Investment Management, an estimated $2.15M sold.
Based on aggregated 13F filings for Q4 2014.