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PennyMac Financial
PFSI

81 hedge funds and large institutions have $500M invested in PennyMac Financial in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 36 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $476M → $500M (+$24M)

13% less funds holding

Funds holding: 93 → 81 (-12)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

36% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 36

58% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 19

60.04% less ownership

Funds ownership: 90.37% → 30.32% (-60%)

Holders
81
Holders Change
-12
Holders Change %
-12.9%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
8
Increased
23
Reduced
36
Closed
19
Calls
$836K
Puts
–
Net Calls
+$836K
Net Calls Change
+$836K

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$66.6M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$20.9M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$5.57M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$5.39M
5
PP
Professional Planning
California
+$5.17M

Top Sellers

1
BlackRock
BlackRock
New York
-$36.9M
2
BCM
Basswood Capital Management
New York
-$19.2M
3
Morgan Stanley
Morgan Stanley
New York
-$14.2M
4
LPC
Long Pond Capital
New York
-$7.67M
5
SM
Senvest Management
New York
-$7.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$110M +$66.6M +3,252,892 +171%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$104M +$20.9M +1,018,909 +26%
SM
3
Senvest Management
New York
$30.7M -$7.5M -366,411 -20%
BCM
4
Basswood Capital Management
New York
$28.6M -$19.2M -936,391 -41%
OA
5
Omega Advisors
New York
$22.8M -$1.25M -61,229 -5%
Morgan Stanley
6
Morgan Stanley
New York
$21.3M -$14.2M -694,880 -41%
BAM
7
Bayview Asset Management
Florida
$17M +$16.4M +798,968 New
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$16.6M -$236K -11,532 -1%
MP
9
Mangrove Partners
Connecticut
$16.3M -$5.3M -259,145 -25%
PCM
10
PAR Capital Management
Massachusetts
$14.9M – – –
Geode Capital Management
11
Geode Capital Management
Massachusetts
$10.3M +$5.57M +272,320 +128%
BlackRock
12
BlackRock
New York
$9.95M -$36.9M -1,801,599 -79%
State Street
13
State Street
Massachusetts
$8.32M +$436K +21,319 +6%
Northern Trust
14
Northern Trust
Illinois
$7.17M +$2.08M +101,429 +43%
JP Morgan Chase
15
JP Morgan Chase
New York
$7.17M -$248K -12,128 -3%
Boston Partners
16
Boston Partners
Massachusetts
$6.35M +$121K +5,907 +2%
Assenagon Asset Management
17
Assenagon Asset Management
Luxembourg
$5.6M +$5.39M +263,196 New
PP
18
Professional Planning
California
$5.37M +$5.17M +252,588 New
LPC
19
Long Pond Capital
New York
$5.32M -$7.67M -375,000 -60%
Man Group
20
Man Group
United Kingdom
$3.58M -$2.26M -110,330 -40%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$3.34M +$645K +31,508 +25%
HAI
22
Hennessy Advisors Inc
California
$2.82M -$297K -14,500 -10%
CAM
23
ClariVest Asset Management
California
$2.43M -$33.8K -1,651 -1%
AllianceBernstein
24
AllianceBernstein
Tennessee
$2.39M -$1.99M -97,122 -46%
First Trust Advisors
25
First Trust Advisors
Illinois
$2.32M +$1.45M +70,823 +186%
1
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PFSI Hedge Fund Activity: Q4 2018 in Review

81 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2018, worth a combined $500M — up 5% from $476M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFSI and 8 opened new positions — a net loss of 11 holders — while 36 trimmed existing stakes and 23 added.

The largest buyer was Vanguard Group, adding an estimated $66.6M. The largest seller was BlackRock, cutting an estimated $36.9M.

  • 81 institutional investors held PennyMac Financial (PFSI) as of Q4 2018, down from 93 in Q3 2018.
  • Funds reported $500M of PennyMac Financial stock for Q4 2018, up 5% quarter-over-quarter.
  • 8 funds opened new PennyMac Financial positions in Q4 2018 and 19 closed out, a net change of -11 holders.
  • The largest PennyMac Financial buyer in Q4 2018 was Vanguard Group, an estimated $66.6M added.
  • The largest PennyMac Financial seller in Q4 2018 was BlackRock, an estimated $36.9M sold.

Based on aggregated 13F filings for Q4 2018.