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PennyMac Financial

192 hedge funds and large institutions have $2.59B invested in PennyMac Financial in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 68 increasing their positions, 58 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 23

36% more capital invested

Capital invested by funds: $1.91B → $2.59B (+$683M)

17% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 58

10% more funds holding

Funds holding: 175192 (+17)

1.62% more ownership

Funds ownership: 57.07%58.69% (+1.6%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

51% less call options, than puts

Call options by funds: $85.4M | Put options by funds: $175M

Holders
192
Holders Change
+17
Holders Change %
+9.71%
% of All Funds
2.8%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
41
Increased
68
Reduced
58
Closed
23
Calls
$85.4M
Puts
$175M
Net Calls
-$89.6M
Net Calls Change
-$26M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Investment Management
1
T. Rowe Price Investment Management
Maryland
$434M +$5.7M +75,954 +2%
MP
2
MFN Partners
Massachusetts
$400M
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$238M +$5.27M +70,178 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$231M +$1.48M +19,748 +0.8%
BlackRock
5
BlackRock
New York
$192M +$14.1M +188,197 +10%
SM
6
Senvest Management
New York
$105M -$107M -1,427,789 -55%
Invesco
7
Invesco
Georgia
$85.4M +$35.7M +475,815 +97%
State Street
8
State Street
Massachusetts
$74.4M +$4.34M +57,810 +7%
JP Morgan Chase
9
JP Morgan Chase
New York
$63.1M +$29.5M +392,972 +123%
Citadel Advisors
10
Citadel Advisors
Florida
$60M +$17.6M +234,171 +53%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$51.2M +$1.95M +26,018 +5%
Charles Schwab
12
Charles Schwab
California
$35.1M +$296K +3,947 +1%
Northern Trust
13
Northern Trust
Illinois
$34.6M -$607K -8,081 -2%
EIP
14
Epoch Investment Partners
New York
$34.2M -$2.84M -37,786 -9%
Goldman Sachs
15
Goldman Sachs
New York
$32.5M +$2.08M +27,701 +8%
Norges Bank
16
Norges Bank
Norway
$31.3M +$25.3M +337,249 +2,048%
BCM
17
Basswood Capital Management
New York
$30.3M -$11.2M -149,270 -30%
Boston Partners
18
Boston Partners
Massachusetts
$28.2M +$24M +319,623 New
Morgan Stanley
19
Morgan Stanley
New York
$27.4M +$14.4M +191,346 +162%
CC
20
Conversant Capital
New Jersey
$26.5M +$13.1M +175,000 +140%
American Century Companies
21
American Century Companies
Missouri
$26.1M +$1.29M +17,180 +6%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$16.2M -$3.86M -51,401 -22%
Principal Financial Group
23
Principal Financial Group
Iowa
$14.4M +$3.82M +50,877 +46%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$13.7M -$2.38M -31,743 -17%
AllianceBernstein
25
AllianceBernstein
Tennessee
$13.1M -$203K -2,698 -2%

PFSI Hedge Fund Activity: Q4 2023 in Review

192 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PennyMac Financial (PFSI) for Q4 2023, worth a combined $2.59B — up 36% from $1.91B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new PFSI positions and 23 closed out — a net gain of 18 holders — while 68 added to existing stakes and 58 trimmed.

The largest buyer was Invesco, adding an estimated $35.7M. The largest seller was Senvest Management, cutting an estimated $107M.

  • 192 institutional investors held PennyMac Financial (PFSI) as of Q4 2023, up from 175 in Q3 2023.
  • Funds reported $2.59B of PennyMac Financial stock for Q4 2023, up 36% quarter-over-quarter.
  • 41 funds opened new PennyMac Financial positions in Q4 2023 and 23 closed out, a net change of +18 holders.
  • The largest PennyMac Financial buyer in Q4 2023 was Invesco, an estimated $35.7M added.
  • The largest PennyMac Financial seller in Q4 2023 was Senvest Management, an estimated $107M sold.

Based on aggregated 13F filings for Q4 2023.