PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
125 hedge funds and large institutions have $676M invested in PHH Corporation in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 41 increasing their positions, 40 reducing their positions, and 23 closing their positions.
328% more call options, than puts
Call options by funds: $5.76M | Put options by funds: $1.35M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
3% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 40
0% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 23
5% less funds holding
Funds holding: 132 → 125 (-7)
15% less capital invested
Capital invested by funds: $792M → $676M (-$116M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$71.9M |
| 2 |
BlackRock
New York
|
+$46.1M |
| 3 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$14.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$9.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$6.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$27.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$24.3M |
| 3 |
BPM
Bronson Point Management
Fairfield,
Connecticut
|
-$9.1M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$8.17M |
| 5 |
Morgan Stanley
New York
|
-$7.84M |
PHH Hedge Fund Activity: Q1 2017 in Review
125 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q1 2017, worth a combined $676M — down 15% from $792M a quarter earlier.
Fund positioning in PHH was balanced in Q1 2017: 23 funds opened new positions, 23 closed out, 41 added to existing stakes and 40 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $71.9M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $27.8M.
- 125 institutional investors held PHH Corporation (PHH) as of Q1 2017, down from 132 in Q4 2016.
- Funds reported $676M of PHH Corporation stock for Q1 2017, down 15% quarter-over-quarter.
- 23 funds opened new PHH Corporation positions in Q1 2017 and 23 closed out, a net change of 0 holders.
- The largest PHH Corporation buyer in Q1 2017 was EJF Capital, an estimated $71.9M added.
- The largest PHH Corporation seller in Q1 2017 was Hotchkis & Wiley Capital Management, an estimated $27.8M sold.
Based on aggregated 13F filings for Q1 2017.