PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
124 hedge funds and large institutions have $300M invested in PHH Corporation in 2018 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 21 increasing their positions, 45 reducing their positions, and 23 closing their positions.
292% more call options, than puts
Call options by funds: $726K | Put options by funds: $185K
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
9% more funds holding
Funds holding: 114 → 124 (+10)
10% less capital invested
Capital invested by funds: $332M → $300M (-$31.6M)
53% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$15.3M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$9.71M |
| 3 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$8.43M |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$4.85M |
| 5 |
Citigroup
New York
|
+$4.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$37.4M |
| 2 |
Morgan Stanley
New York
|
-$21.8M |
| 3 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$18.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$8.23M |
| 5 |
Millennium Management
New York
|
-$7.6M |
PHH Hedge Fund Activity: Q1 2018 in Review
124 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q1 2018, worth a combined $300M — down 9.5% from $332M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new PHH positions and 23 closed out — a net gain of 11 holders — while 21 added to existing stakes and 45 trimmed.
The largest buyer was Magnetar Financial, opening a new position worth an estimated $15.3M. The largest seller was Allianz Asset Management, cutting an estimated $37.4M.
- 124 institutional investors held PHH Corporation (PHH) as of Q1 2018, up from 114 in Q4 2017.
- Funds reported $300M of PHH Corporation stock for Q1 2018, down 9.5% quarter-over-quarter.
- 34 funds opened new PHH Corporation positions in Q1 2018 and 23 closed out, a net change of +11 holders.
- The largest PHH Corporation buyer in Q1 2018 was Magnetar Financial, an estimated $15.3M added.
- The largest PHH Corporation seller in Q1 2018 was Allianz Asset Management, an estimated $37.4M sold.
Based on aggregated 13F filings for Q1 2018.