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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
AIP
76
Ameritas Investment Partners
Nebraska
$35K – – –
Loomis, Sayles & Company
77
Loomis, Sayles & Company
Massachusetts
$26K -$4.34K -212 -15%
AG
78
Advisor Group
Arizona
$17K – – –
TWA
79
TCI Wealth Advisors
Arizona
$2K +$1.53K +75 New
Fidelity Investments
80
Fidelity Investments
Massachusetts
$1K – – –
FGC
81
Financial Gravity Companies
Texas
$1K +$1.31K +64 New
WAM
82
Weiss Asset Management
Massachusetts
– -$2.09M -100,000 Closed
Renaissance Technologies
83
Renaissance Technologies
New York
– -$1.94M -92,900 Closed
AIM
84
Assured Investment Management
New York
– -$1.56M -74,583 Closed
Millennium Management
85
Millennium Management
New York
– -$710K -33,972 Closed
AQR Capital Management
86
AQR Capital Management
Connecticut
– -$564K -26,980 Closed
Arrowstreet Capital
87
Arrowstreet Capital
Massachusetts
– -$541K -25,879 Closed
TMAM
88
Tokio Marine Asset Management
Japan
– -$393K -18,800 Closed
TI
89
Trexquant Investment
Connecticut
– -$353K -16,908 Closed
California Public Employees Retirement System
90
California Public Employees Retirement System
California
– -$349K -16,708 Closed
Principal Financial Group
91
Principal Financial Group
Iowa
– -$340K -16,268 Closed
ECM
92
Element Capital Management
New York
– -$301K -14,416 Closed
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
– -$274K -13,375 Closed
Russell Investments Group
94
Russell Investments Group
United Kingdom
– -$247K -11,804 Closed
BNP Paribas Financial Markets
95
BNP Paribas Financial Markets
France
– -$52.8K -2,526 Closed
DekaBank Deutsche Girozentrale
96
DekaBank Deutsche Girozentrale
Germany
– -$49K -2,324 Closed
TRCT
97
Tower Research Capital (TRC)
New York
– -$19K -907 Closed
Bank of Montreal
98
Bank of Montreal
Ontario, Canada
– -$3K -142 Closed
PA
99
Parallel Advisors
California
– -$3K -127 Closed
CCM
100
Cribstone Capital Management
Maine
– -$2K -75 Closed
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.