PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
167 hedge funds and large institutions have $1.82B invested in PHH Corporation in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 51 reducing their positions, and 29 closing their positions.
96% more call options, than puts
Call options by funds: $11.2M | Put options by funds: $5.72M
23% more capital invested
Capital invested by funds: $1.48B → $1.82B (+$334M)
16% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 51
7% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 29
0% more funds holding
Funds holding: 167 → 167 (0)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Orange Capital
Manhasset,
New York
|
+$63.6M |
| 2 |
OCM
Osterweis Capital Management
San Francisco,
California
|
+$59.7M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$36.8M |
| 4 |
SIG
Senator Investment Group
New York
|
+$34M |
| 5 |
6CM
683 Capital Management
New York
|
+$31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$48.6M |
| 2 |
SCM
Scopia Capital Management
New York
|
-$44.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$37.3M |
| 4 |
Millennium Management
New York
|
-$35.7M |
| 5 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
-$24.9M |
PHH Hedge Fund Activity: Q3 2013 in Review
167 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q3 2013, worth a combined $1.82B — up 23% from $1.48B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PHH positions and 29 closed out — a net gain of 2 holders — while 59 added to existing stakes and 51 trimmed.
The largest buyer was Orange Capital, opening a new position worth an estimated $63.6M. The largest seller was Pennant Capital Management, exiting entirely with an estimated $48.6M sold.
- 167 institutional investors held PHH Corporation (PHH) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $1.82B of PHH Corporation stock for Q3 2013, up 23% quarter-over-quarter.
- 31 funds opened new PHH Corporation positions in Q3 2013 and 29 closed out, a net change of +2 holders.
- The largest PHH Corporation buyer in Q3 2013 was Orange Capital, an estimated $63.6M added.
- The largest PHH Corporation seller in Q3 2013 was Pennant Capital Management, an estimated $48.6M sold.
Based on aggregated 13F filings for Q3 2013.