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PennyMac Financial
PFSI

62 hedge funds and large institutions have $253M invested in PennyMac Financial in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

11% more funds holding

Funds holding: 56 → 62 (+6)

10.65% more ownership

Funds ownership: 64.95% → 75.61% (+11%)

10% more capital invested

Capital invested by funds: $231M → $253M (+$22.3M)

6% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 18

Holders
62
Holders Change
+6
Holders Change %
+10.71%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
14
Increased
19
Reduced
18
Closed
8
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$2K

Top Buyers

1
BlackRock
BlackRock
New York
+$31.1M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$9.51M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$4.93M
4
CCA
Canyon Capital Advisors
Texas
+$1.83M
5
FCH
Freestone Capital Holdings
Washington
+$1.65M

Top Sellers

1
NIMC
NWQ Investment Management Company
California
-$10.2M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$9.03M
3
LPC
Long Pond Capital
New York
-$4.5M
4
SAM
Symphony Asset Management
California
-$1.65M
5
PRCM
Pine River Capital Management
Minnesota
-$921K
Name Holding Trade Value Shares
Change 		Change in
Stake
CLG
1
Cooperman Leon G
$48.4M – – –
BlackRock
2
BlackRock
New York
$31.6M +$31.1M +1,800,000 +443,350%
BM
3
Bridger Management
New York
$30.3M – – –
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$26M +$9.51M +549,778 +59%
MVP
5
Miller Value Partners
Florida
$16.6M +$684K +39,550 +4%
Vanguard Group
6
Vanguard Group
Pennsylvania
$15.7M +$4.93M +284,813 +47%
SM
7
Senvest Management
New York
$15M – – –
BCM
8
Basswood Capital Management
New York
$12.9M +$121K +6,992 +1%
SLCM
9
Seven Locks Capital Management
New York
$7.28M +$7.17M +414,700 New
BFA
10
BlackRock Fund Advisors
California
$5.68M -$183K -10,596 -3%
WSA
11
Wall Street Associates
California
$4.97M +$182K +10,500 +4%
Wells Fargo
12
Wells Fargo
California
$3.93M -$842K -48,664 -18%
GIM
13
Greenwich Investment Management
Connecticut
$3.85M +$3.8M +219,690 New
State Street
14
State Street
Massachusetts
$2.94M +$6.12K +354 +0.2%
Northern Trust
15
Northern Trust
Illinois
$2.88M +$26.7K +1,544 +1%
BTS
16
BB&T Securities
Virginia
$2.65M +$261K +15,100 New
BIT
17
BlackRock Institutional Trust
California
$2.43M -$174K -10,051 -7%
NIMC
18
NWQ Investment Management Company
California
$2.06M -$10.2M -590,291 -83%
CCA
19
Canyon Capital Advisors
Texas
$1.86M +$1.83M +105,958 New
FCH
20
Freestone Capital Holdings
Washington
$1.68M +$1.65M +95,500 New
MIM
21
Merit Investment Management
Delaware
$1.63M -$657K -38,000 -29%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$1.12M +$116K +6,704 +12%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$1.08M +$12.9K +744 +1%
TCIM
24
TIAA CREF Investment Management
New York
$1.02M – – –
RA
25
Royce & Associates
New York
$878K – – –
1
2 3

PFSI Hedge Fund Activity: Q4 2013 in Review

62 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2013, worth a combined $253M — up 9.7% from $231M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PFSI positions and 8 closed out — a net gain of 6 holders — while 19 added to existing stakes and 18 trimmed.

The largest buyer was BlackRock, adding an estimated $31.1M. The largest seller was NWQ Investment Management Company, cutting an estimated $10.2M.

  • 62 institutional investors held PennyMac Financial (PFSI) as of Q4 2013, up from 56 in Q3 2013.
  • Funds reported $253M of PennyMac Financial stock for Q4 2013, up 9.7% quarter-over-quarter.
  • 14 funds opened new PennyMac Financial positions in Q4 2013 and 8 closed out, a net change of +6 holders.
  • The largest PennyMac Financial buyer in Q4 2013 was BlackRock, an estimated $31.1M added.
  • The largest PennyMac Financial seller in Q4 2013 was NWQ Investment Management Company, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2013.