PennyMac Financial
PFSI
97 hedge funds and large institutions have $503M invested in PennyMac Financial in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
13% more funds holding
Funds holding: 86 → 97 (+11)
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
2% more capital invested
Capital invested by funds: $490M → $503M (+$12.2M)
2.1% less ownership
Funds ownership: 94.21% → 92.11% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KHCM
Kettle Hill Capital Management
New York
|
+$4.33M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$3.77M |
| 3 |
JP Morgan Chase
New York
|
+$3.73M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$2.96M |
| 5 |
Renaissance Technologies
New York
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$19.5M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$2.08M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$1.69M |
| 4 |
Two Sigma Investments
New York
|
-$1.2M |
| 5 |
OA
Omega Advisors
New York
|
-$1.18M |
PFSI Hedge Fund Activity: Q1 2018 in Review
97 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q1 2018, worth a combined $503M — up 2.5% from $490M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PFSI positions and 8 closed out — a net gain of 12 holders — while 33 added to existing stakes and 31 trimmed.
The largest buyer was Kettle Hill Capital Management, opening a new position worth an estimated $4.33M. The largest seller was Morgan Stanley, cutting an estimated $19.5M.
- 97 institutional investors held PennyMac Financial (PFSI) as of Q1 2018, up from 86 in Q4 2017.
- Funds reported $503M of PennyMac Financial stock for Q1 2018, up 2.5% quarter-over-quarter.
- 20 funds opened new PennyMac Financial positions in Q1 2018 and 8 closed out, a net change of +12 holders.
- The largest PennyMac Financial buyer in Q1 2018 was Kettle Hill Capital Management, an estimated $4.33M added.
- The largest PennyMac Financial seller in Q1 2018 was Morgan Stanley, an estimated $19.5M sold.
Based on aggregated 13F filings for Q1 2018.