PHH Corporation
PHH
PHH was delisted on the 3rd of October, 2018.
114 hedge funds and large institutions have $332M invested in PHH Corporation in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 29 increasing their positions, 48 reducing their positions, and 16 closing their positions.
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
16% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $1.01M
6% more funds holding
Funds holding: 108 → 114 (+6)
25% less capital invested
Capital invested by funds: $443M → $332M (-$111M)
40% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 48
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$30.8M |
| 2 |
Millennium Management
New York
|
+$9.98M |
| 3 |
Goldman Sachs
New York
|
+$4.46M |
| 4 |
D.E. Shaw & Co
New York
|
+$4.17M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$3.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$11M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$10.8M |
| 3 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$8.14M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$6.76M |
| 5 |
Renaissance Technologies
New York
|
-$2.72M |
PHH Hedge Fund Activity: Q4 2017 in Review
114 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in PHH Corporation (PHH) for Q4 2017, worth a combined $332M — down 25% from $443M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PHH positions and 16 closed out — a net gain of 6 holders — while 29 added to existing stakes and 48 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $30.8M. The largest seller was BlackRock, cutting an estimated $11M.
- 114 institutional investors held PHH Corporation (PHH) as of Q4 2017, up from 108 in Q3 2017.
- Funds reported $332M of PHH Corporation stock for Q4 2017, down 25% quarter-over-quarter.
- 22 funds opened new PHH Corporation positions in Q4 2017 and 16 closed out, a net change of +6 holders.
- The largest PHH Corporation buyer in Q4 2017 was Morgan Stanley, an estimated $30.8M added.
- The largest PHH Corporation seller in Q4 2017 was BlackRock, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2017.