PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
119 hedge funds and large institutions have $708M invested in PHH Corporation in 2017 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 24 closing their positions.
24% more call options, than puts
Call options by funds: $5.89M | Put options by funds: $4.75M
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
5% more capital invested
Capital invested by funds: $676M → $708M (+$31.8M)
5% less funds holding
Funds holding: 125 → 119 (-6)
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$27M |
| 2 |
GAM
Goldentree Asset Management
New York
|
+$12.3M |
| 3 |
Renaissance Technologies
New York
|
+$7.57M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6M |
| 5 |
Two Sigma Investments
New York
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$25.5M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$18.9M |
| 3 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$11.3M |
| 4 |
GCM
Glenview Capital Management
New York
|
-$7.68M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$4.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Wolverine Trading
Chicago,
Illinois
| – | -$198K | -14,852 | Closed |
|
|
EMG
127
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$185K | -14,500 | Closed |
|
|
CG
128
Clinton Group
New York
| – | -$166K | -13,057 | Closed |
|
129
Capital Fund Management (CFM)
Paris,
France
| – | -$127K | -10,000 | Closed |
|
|
QT
130
Quantbot Technologies
New York
| – | -$107K | -8,408 | Closed |
|
|
HNB
131
Huntington National Bank
Columbus,
Ohio
| – | -$82.8K | -6,200 | -99% |
|
|
RA
132
Rational Advisors
Huntington,
New York
| – | -$48K | -3,800 | Closed |
|
|
TRCT
133
Tower Research Capital (TRC)
New York
| – | -$36.7K | -2,751 | Closed |
|
|
MAM
134
Meeder Asset Management
Dublin,
Ohio
| – | -$9K | -730 | Closed |
|
|
NFG
135
Next Financial Group
Houston,
Texas
| – | +$80 | +6 | New |
|
|
CTC
136
Central Trust Company
Jefferson City,
Missouri
| – | +$267 | +20 | New |
|
PHH Hedge Fund Activity: Q2 2017 in Review
119 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q2 2017, worth a combined $708M — up 4.7% from $676M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PHH and 19 opened new positions — a net loss of 5 holders — while 32 trimmed existing stakes and 35 added.
The largest buyer was Morgan Stanley, adding an estimated $27M. The largest seller was Carlson Capital, exiting entirely with an estimated $25.5M sold.
- 119 institutional investors held PHH Corporation (PHH) as of Q2 2017, down from 125 in Q1 2017.
- Funds reported $708M of PHH Corporation stock for Q2 2017, up 4.7% quarter-over-quarter.
- 19 funds opened new PHH Corporation positions in Q2 2017 and 24 closed out, a net change of -5 holders.
- The largest PHH Corporation buyer in Q2 2017 was Morgan Stanley, an estimated $27M added.
- The largest PHH Corporation seller in Q2 2017 was Carlson Capital, an estimated $25.5M sold.
Based on aggregated 13F filings for Q2 2017.