PennyMac Financial
PFSI
85 hedge funds and large institutions have $340M invested in PennyMac Financial in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 25 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 26
0% more capital invested
Capital invested by funds: $340M → $340M (+$560K)
1.72% less ownership
Funds ownership: 88.81% → 87.09% (-1.7%)
15% less funds holding
Funds holding: 100 → 85 (-15)
60% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 25
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $242K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13.3M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$8.81M |
| 3 |
BCM
Basswood Capital Management
New York
|
+$5.78M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$5.38M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$4.81M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
-$3.96M |
| 3 |
NAP
New Amsterdam Partners
New York
|
-$3.35M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.17M |
| 5 |
Renaissance Technologies
New York
|
-$2.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$343K | -20,090 | Closed |
|
102
Squarepoint
New York
| – | -$335K | -19,634 | Closed |
|
|
OAM
103
Origin Asset Management
London,
United Kingdom
| – | -$274K | -16,071 | Closed |
|
104
Ameriprise
Minneapolis,
Minnesota
| – | -$270K | -15,815 | Closed |
|
|
PTC
105
Petrus Trust Company
Dallas,
Texas
| – | -$218K | -12,760 | Closed |
|
|
MC
106
Menta Capital
San Francisco,
California
| – | -$202K | -11,862 | Closed |
|
107
Bessemer Group
Woodbridge,
New Jersey
| – | -$165K | -9,700 | Closed |
|
|
PCM
108
Prelude Capital Management
New York
| – | -$26K | -1,500 | Closed |
|
109
Group One Trading
Chicago,
Illinois
| – | -$24K | -1,400 | Closed |
|
|
PHK
110
Point72 Hong Kong
Hong Kong
| – | -$14K | -823 | Closed |
|
PFSI Hedge Fund Activity: Q2 2017 in Review
85 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q2 2017, worth a combined $340M — up 0.16% from $340M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PFSI and 10 opened new positions — a net loss of 15 holders — while 26 trimmed existing stakes and 37 added.
The largest buyer was Morgan Stanley, adding an estimated $13.3M. The largest seller was Millennium Management, cutting an estimated $4.81M.
- 85 institutional investors held PennyMac Financial (PFSI) as of Q2 2017, down from 100 in Q1 2017.
- Funds reported $340M of PennyMac Financial stock for Q2 2017, up 0.16% quarter-over-quarter.
- 10 funds opened new PennyMac Financial positions in Q2 2017 and 25 closed out, a net change of -15 holders.
- The largest PennyMac Financial buyer in Q2 2017 was Morgan Stanley, an estimated $13.3M added.
- The largest PennyMac Financial seller in Q2 2017 was Millennium Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q2 2017.