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PennyMac Financial

223 hedge funds and large institutions have $2.2B invested in PennyMac Financial in 2020 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 57 increasing their positions, 92 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

415% more call options, than puts

Call options by funds: $154M | Put options by funds: $29.9M

177% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 22

35% more capital invested

Capital invested by funds: $1.63B → $2.2B (+$569M)

21% more funds holding

Funds holding: 185223 (+38)

3.27% more ownership

Funds ownership: 49.18%52.45% (+3.3%)

36% less funds holding in top 10

Funds holding in top 10: 149 (-5)

38% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 92

Holders
223
Holders Change
+38
Holders Change %
+20.54%
% of All Funds
4.5%
Holding in Top 10
9
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-35.71%
% of All Funds
0.18%
New
61
Increased
57
Reduced
92
Closed
22
Calls
$154M
Puts
$29.9M
Net Calls
+$124M
Net Calls Change
+$87.3M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$383M -$18.4M -371,423 -5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$229M -$1.57M -31,593 -0.8%
BlackRock
3
BlackRock
New York
$169M -$3.11M -62,714 -2%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$93M -$96.6K -1,950 -0.1%
State Street
5
State Street
Massachusetts
$75.4M +$15.6M +313,878 +32%
CCP
6
Clough Capital Partners
Massachusetts
$75.2M -$4.03M -81,257 -6%
BCM
7
Basswood Capital Management
New York
$74.8M +$22.7M +458,904 +55%
Northern Trust
8
Northern Trust
Illinois
$47.5M -$3.37M -67,912 -8%
PCM
9
PAR Capital Management
Massachusetts
$44.3M -$9.08M -183,300 -19%
Goldman Sachs
10
Goldman Sachs
New York
$39.6M -$12M -242,143 -26%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$36.4M -$2.22M -44,811 -7%
SM
12
Senvest Management
New York
$33.8M -$42.2M -852,298 -59%
KPF
13
K2 Principal Fund
Ontario, Canada
$30.3M +$14.1M +284,235 +120%
Grantham, Mayo, Van Otterloo & Co (GMO)
14
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$29.7M -$4.95M -99,800 -16%
Renaissance Technologies
15
Renaissance Technologies
New York
$27M -$12.3M -249,122 -35%
N
16
Nuveen
North Carolina
$26.9M -$3.17M -64,042 -12%
Boston Partners
17
Boston Partners
Massachusetts
$26.1M +$13.3M +269,019 +149%
Norges Bank
18
Norges Bank
Norway
$25.9M -$1.17M -23,634 -5%
JAM
19
Jacobs Asset Management
New York
$25M -$7.63M -153,900 -26%
RCMNY
20
Rubric Capital Management (New York)
New York
$23.9M
SFM
21
Soros Fund Management
New York
$23.6M +$1.23M +24,793 +6%
AllianceBernstein
22
AllianceBernstein
Tennessee
$21.5M -$1.52M -30,602 -8%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$21.3M -$244K -4,930 -1%
Morgan Stanley
24
Morgan Stanley
New York
$20.9M +$10M +201,827 +128%
AL
25
AJO LP
Pennsylvania
$20.4M +$17.4M +351,105 New

PFSI Hedge Fund Activity: Q3 2020 in Review

223 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q3 2020, worth a combined $2.2B — up 35% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PFSI positions and 22 closed out — a net gain of 39 holders — while 57 added to existing stakes and 92 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $22.7M. The largest seller was Senvest Management, cutting an estimated $42.2M.

  • 223 institutional investors held PennyMac Financial (PFSI) as of Q3 2020, up from 185 in Q2 2020.
  • Funds reported $2.2B of PennyMac Financial stock for Q3 2020, up 35% quarter-over-quarter.
  • 61 funds opened new PennyMac Financial positions in Q3 2020 and 22 closed out, a net change of +39 holders.
  • The largest PennyMac Financial buyer in Q3 2020 was Basswood Capital Management, an estimated $22.7M added.
  • The largest PennyMac Financial seller in Q3 2020 was Senvest Management, an estimated $42.2M sold.

Based on aggregated 13F filings for Q3 2020.