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PennyMac Financial

223 hedge funds and large institutions have $2.2B invested in PennyMac Financial in 2020 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 57 increasing their positions, 92 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

415% more call options, than puts

Call options by funds: $154M | Put options by funds: $29.9M

177% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 22

35% more capital invested

Capital invested by funds: $1.63B → $2.2B (+$569M)

21% more funds holding

Funds holding: 185223 (+38)

3.27% more ownership

Funds ownership: 49.18%52.45% (+3.3%)

36% less funds holding in top 10

Funds holding in top 10: 149 (-5)

38% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 92

Holders
223
Holders Change
+38
Holders Change %
+20.54%
% of All Funds
4.5%
Holding in Top 10
9
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-35.71%
% of All Funds
0.18%
New
61
Increased
57
Reduced
92
Closed
22
Calls
$154M
Puts
$29.9M
Net Calls
+$124M
Net Calls Change
+$87.3M
Name Holding Trade Value Shares
Change
Change in
Stake
AIG
101
American International Group
New York
$1.48M -$150K -3,031 -11%
Legal & General Group
102
Legal & General Group
United Kingdom
$1.48M +$270K +5,439 +27%
DCM
103
Dupont Capital Management
Delaware
$1.47M +$1.25M +25,312 New
Manulife (Manufacturers Life Insurance)
104
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.46M -$149K -3,004 -11%
Susquehanna International Group
105
Susquehanna International Group
Pennsylvania
$1.44M -$692K -13,959 -36%
EI
106
EAM Investors
California
$1.35M -$834K -16,828 -42%
NFG
107
Nations Financial Group
Iowa
$1.35M +$488K +9,851 +73%
VRS
108
Virginia Retirement Systems
Virginia
$1.34M -$64.4K -1,300 -5%
Victory Capital Management
109
Victory Capital Management
Texas
$1.24M -$2.26M -45,653 -68%
MAM
110
Meeder Asset Management
Ohio
$1.23M -$254K -5,129 -20%
Neuberger Berman Group
111
Neuberger Berman Group
New York
$1.15M +$977K +19,720 New
ASRS
112
Arizona State Retirement System
Arizona
$1.11M +$245K +4,948 +35%
SO
113
STRS Ohio
Ohio
$1.1M -$188K -3,800 -17%
AIA
114
Affinity Investment Advisors
California
$1.09M
MIM
115
MetLife Investment Management
New Jersey
$1.05M -$136K -2,743 -13%
Creative Planning
116
Creative Planning
Kansas
$1.03M +$880K +17,750 New
UBS Group
117
UBS Group
Switzerland
$1.02M +$864K +17,440 +10,199%
SGA
118
Strategic Global Advisors
California
$1.02M +$871K +17,583 New
PIC
119
PCJ Investment Counsel
Ontario, Canada
$988K +$99.1K +2,000 +13%
JCIA
120
Jackson Creek Investment Advisors
Colorado
$986K +$841K +16,959 New
State Board of Administration of Florida Retirement System
121
State Board of Administration of Florida Retirement System
Florida
$975K +$24.8K +500 +3%
QC
122
Quadrature Capital
United Kingdom
$973K -$255K -5,135 -23%
TC
123
TwinBeech Capital
New York
$944K +$805K +16,239 New
GC
124
Globeflex Capital
California
$895K +$43.9K +885 +6%
Truist Financial
125
Truist Financial
North Carolina
$890K +$759K +15,308 New

PFSI Hedge Fund Activity: Q3 2020 in Review

223 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2020, worth a combined $2.2B — up 35% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PFSI positions and 22 closed out — a net gain of 39 holders — while 57 added to existing stakes and 92 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $22.7M. The largest seller was Senvest Management, cutting an estimated $42.2M.

  • 223 institutional investors held PennyMac Financial (PFSI) as of Q3 2020, up from 185 in Q2 2020.
  • Funds reported $2.2B of PennyMac Financial stock for Q3 2020, up 35% quarter-over-quarter.
  • 61 funds opened new PennyMac Financial positions in Q3 2020 and 22 closed out, a net change of +39 holders.
  • The largest PennyMac Financial buyer in Q3 2020 was Basswood Capital Management, an estimated $22.7M added.
  • The largest PennyMac Financial seller in Q3 2020 was Senvest Management, an estimated $42.2M sold.

Based on aggregated 13F filings for Q3 2020.