PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
125 hedge funds and large institutions have $760M invested in PHH Corporation in 2016 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 19 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27% more call options, than puts
Call options by funds: $3.12M | Put options by funds: $2.45M
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
14% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 35
7% more capital invested
Capital invested by funds: $709M → $760M (+$50.7M)
2% more funds holding
Funds holding: 123 → 125 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$51.9M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
+$20.1M |
| 3 |
Morgan Stanley
New York
|
+$9.43M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$8.06M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$5.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$18.4M |
| 2 |
Pzena Investment Management
New York
|
-$11.6M |
| 3 |
SC
Seawolf Capital
New York
|
-$10.9M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$10.3M |
| 5 |
Millennium Management
New York
|
-$10.1M |
PHH Hedge Fund Activity: Q2 2016 in Review
125 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q2 2016, worth a combined $760M — up 7.1% from $709M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PHH positions and 19 closed out — a net gain of 3 holders — while 40 added to existing stakes and 35 trimmed.
The largest buyer was Silver Point Capital, opening a new position worth an estimated $51.9M. The largest seller was Carlson Capital, exiting entirely with an estimated $18.4M sold.
- 125 institutional investors held PHH Corporation (PHH) as of Q2 2016, up from 123 in Q1 2016.
- Funds reported $760M of PHH Corporation stock for Q2 2016, up 7.1% quarter-over-quarter.
- 22 funds opened new PHH Corporation positions in Q2 2016 and 19 closed out, a net change of +3 holders.
- The largest PHH Corporation buyer in Q2 2016 was Silver Point Capital, an estimated $51.9M added.
- The largest PHH Corporation seller in Q2 2016 was Carlson Capital, an estimated $18.4M sold.
Based on aggregated 13F filings for Q2 2016.