PennyMac Financial
PFSI
76 hedge funds and large institutions have $377M invested in PennyMac Financial in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 18 closing their positions.
11% more capital invested
Capital invested by funds: $340M → $377M (+$37.2M)
3.09% more ownership
Funds ownership: 87.09% → 90.18% (+3.1%)
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
11% less funds holding
Funds holding: 85 → 76 (-9)
44% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$12.4M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$8.27M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.18M |
| 4 |
EMG
Ellington Management Group
Old Greenwich,
Connecticut
|
+$1.71M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.04M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.61M |
| 3 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$1.53M |
| 4 |
Renaissance Technologies
New York
|
-$1.31M |
| 5 |
SCA
Secor Capital Advisors
New York
|
-$1.12M |
PFSI Hedge Fund Activity: Q3 2017 in Review
76 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2017, worth a combined $377M — up 11% from $340M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PFSI and 10 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 27 added.
The largest buyer was Mangrove Partners, opening a new position worth an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $2.04M.
- 76 institutional investors held PennyMac Financial (PFSI) as of Q3 2017, down from 85 in Q2 2017.
- Funds reported $377M of PennyMac Financial stock for Q3 2017, up 11% quarter-over-quarter.
- 10 funds opened new PennyMac Financial positions in Q3 2017 and 18 closed out, a net change of -8 holders.
- The largest PennyMac Financial buyer in Q3 2017 was Mangrove Partners, an estimated $12.4M added.
- The largest PennyMac Financial seller in Q3 2017 was Morgan Stanley, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2017.