PennyMac Financial
PFSI
56 hedge funds and large institutions have $231M invested in PennyMac Financial in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 12 reducing their positions, and 10 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 12
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
2% more funds holding
Funds holding: 55 → 56 (+1)
10% less capital invested
Capital invested by funds: $257M → $231M (-$26.5M)
29.6% less ownership
Funds ownership: 94.56% → 64.95% (-30%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.02M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$7.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$4.54M |
| 4 |
LPC
Long Pond Capital
New York
|
+$4.5M |
| 5 |
BM
Bridger Management
New York
|
+$4.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$7.71M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.65M |
| 3 |
SAM
Serengeti Asset Management
New York
|
-$6.38M |
| 4 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$2.6M |
| 5 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$2.16M |
PFSI Hedge Fund Activity: Q3 2013 in Review
56 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2013, worth a combined $231M — down 10% from $257M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFSI positions and 10 closed out — a net gain of 1 holder — while 23 added to existing stakes and 12 trimmed.
The largest buyer was Vanguard Group, adding an estimated $8.02M. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $7.71M sold.
- 56 institutional investors held PennyMac Financial (PFSI) as of Q3 2013, up from 55 in Q2 2013.
- Funds reported $231M of PennyMac Financial stock for Q3 2013, down 10% quarter-over-quarter.
- 11 funds opened new PennyMac Financial positions in Q3 2013 and 10 closed out, a net change of +1 holder.
- The largest PennyMac Financial buyer in Q3 2013 was Vanguard Group, an estimated $8.02M added.
- The largest PennyMac Financial seller in Q3 2013 was Jacobs Asset Management, an estimated $7.71M sold.
Based on aggregated 13F filings for Q3 2013.