PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
108 hedge funds and large institutions have $443M invested in PHH Corporation in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 31 reducing their positions, and 23 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 31
9% less funds holding
Funds holding: 119 → 108 (-11)
18% less call options, than puts
Call options by funds: $3.1M | Put options by funds: $3.76M
37% less capital invested
Capital invested by funds: $708M → $443M (-$265M)
48% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.83M |
| 2 |
D.E. Shaw & Co
New York
|
+$2.33M |
| 3 |
Renaissance Technologies
New York
|
+$2.07M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.78M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$67.9M |
| 2 |
GCM
Glenview Capital Management
New York
|
-$54.2M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$36M |
| 4 |
Morgan Stanley
New York
|
-$31.9M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$28.3M |
PHH Hedge Fund Activity: Q3 2017 in Review
108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q3 2017, worth a combined $443M — down 37% from $708M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PHH and 12 opened new positions — a net loss of 11 holders — while 31 trimmed existing stakes and 32 added.
The largest buyer was Bank of Montreal, adding an estimated $2.83M. The largest seller was EJF Capital, exiting entirely with an estimated $67.9M sold.
- 108 institutional investors held PHH Corporation (PHH) as of Q3 2017, down from 119 in Q2 2017.
- Funds reported $443M of PHH Corporation stock for Q3 2017, down 37% quarter-over-quarter.
- 12 funds opened new PHH Corporation positions in Q3 2017 and 23 closed out, a net change of -11 holders.
- The largest PHH Corporation buyer in Q3 2017 was Bank of Montreal, an estimated $2.83M added.
- The largest PHH Corporation seller in Q3 2017 was EJF Capital, an estimated $67.9M sold.
Based on aggregated 13F filings for Q3 2017.