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PennyMac Financial

185 hedge funds and large institutions have $1.63B invested in PennyMac Financial in 2020 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 74 increasing their positions, 56 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $51.2M | Put options by funds: $14.5M

92% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 25

75% more funds holding in top 10

Funds holding in top 10: 814 (+6)

73% more capital invested

Capital invested by funds: $942M → $1.63B (+$686M)

32% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 56

13% more funds holding

Funds holding: 163185 (+22)

5.04% less ownership

Funds ownership: 54.22%49.18% (-5%)

Holders
185
Holders Change
+22
Holders Change %
+13.5%
% of All Funds
3.79%
Holding in Top 10
14
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+75%
% of All Funds
0.29%
New
48
Increased
74
Reduced
56
Closed
25
Calls
$51.2M
Puts
$14.5M
Net Calls
+$36.7M
Net Calls Change
+$50.8M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$291M +$5.05M +159,474 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$166M +$23.2M +732,147 +23%
BlackRock
3
BlackRock
New York
$124M -$167M -5,279,754 -64%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$67M +$2.6M +81,941 +5%
SM
5
Senvest Management
New York
$59.9M -$57.3K -1,810 -0.1%
CCP
6
Clough Capital Partners
Massachusetts
$57.5M +$8.5M +268,337 +24%
State Street
7
State Street
Massachusetts
$41.1M +$12.4M +393,012 +67%
PCM
8
PAR Capital Management
Massachusetts
$39.5M
Goldman Sachs
9
Goldman Sachs
New York
$38.6M +$12.8M +403,310 +78%
Northern Trust
10
Northern Trust
Illinois
$37M +$15.9M +501,499 +131%
BCM
11
Basswood Capital Management
New York
$34.6M -$2.07M -65,426 -7%
Renaissance Technologies
12
Renaissance Technologies
New York
$29.8M -$8.23M -259,927 -27%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$28.1M +$5.89M +185,906 +38%
PFMOSF
14
Philadelphia Financial Management of San Francisco
California
$27.6M -$11.8M -372,229 -36%
CGM
15
Capital Growth Management
Massachusetts
$27.6M -$13.3M -420,000 -39%
Grantham, Mayo, Van Otterloo & Co (GMO)
16
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$25.5M -$5.67M -179,100 -23%
JAM
17
Jacobs Asset Management
New York
$24.4M +$3.12M +98,600 +20%
N
18
Nuveen
North Carolina
$22M +$4.43M +139,899 +36%
Norges Bank
19
Norges Bank
Norway
$19.6M +$9.2M +290,497 +163%
RCMNY
20
Rubric Capital Management (New York)
New York
$17.2M +$13M +411,185 New
AllianceBernstein
21
AllianceBernstein
Tennessee
$16.8M +$3.24M +102,346 +34%
SFM
22
Soros Fund Management
New York
$15.9M +$12.1M +381,593 New
Bank of New York Mellon
23
Bank of New York Mellon
New York
$15.5M +$2.04M +64,335 +21%
Assenagon Asset Management
24
Assenagon Asset Management
Luxembourg
$14.7M +$11.2M +352,204 New
Fidelity Investments
25
Fidelity Investments
Massachusetts
$14.7M -$2.16M -68,282 -16%

PFSI Hedge Fund Activity: Q2 2020 in Review

185 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q2 2020, worth a combined $1.63B — up 73% from $942M a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PFSI positions and 25 closed out — a net gain of 23 holders — while 74 added to existing stakes and 56 trimmed.

The largest buyer was Vanguard Group, adding an estimated $23.2M. The largest seller was BlackRock, cutting an estimated $167M.

  • 185 institutional investors held PennyMac Financial (PFSI) as of Q2 2020, up from 163 in Q1 2020.
  • Funds reported $1.63B of PennyMac Financial stock for Q2 2020, up 73% quarter-over-quarter.
  • 48 funds opened new PennyMac Financial positions in Q2 2020 and 25 closed out, a net change of +23 holders.
  • The largest PennyMac Financial buyer in Q2 2020 was Vanguard Group, an estimated $23.2M added.
  • The largest PennyMac Financial seller in Q2 2020 was BlackRock, an estimated $167M sold.

Based on aggregated 13F filings for Q2 2020.