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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$66.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$20.9M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$5.57M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$5.39M |
| 5 |
PP
Professional Planning
Thousand Oaks,
California
|
+$5.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$36.9M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$19.2M |
| 3 |
Morgan Stanley
New York
|
-$14.2M |
| 4 |
LPC
Long Pond Capital
New York
|
-$7.67M |
| 5 |
SM
Senvest Management
New York
|
-$7.5M |
PFSI Hedge Fund Activity: Q4 2018 in Review
81 of the 4,505 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.