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PMT

PennyMac Mortgage Investment
PMT

163 hedge funds and large institutions have $1.52B invested in PennyMac Mortgage Investment in 2013 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 69 increasing their positions, 37 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

280% more call options, than puts

Call options by funds: $22.3M | Put options by funds: $5.85M

86% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 37

25% more capital invested

Capital invested by funds: $1.22B → $1.52B (+$304M)

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

2.95% more ownership

Funds ownership: 62.14% → 65.09% (+3%)

2% more funds holding

Funds holding: 160 → 163 (+3)

Holders
163
Holders Change
+3
Holders Change %
+1.88%
% of All Funds
5.29%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.23%
New
27
Increased
69
Reduced
37
Closed
22
Calls
$22.3M
Puts
$5.85M
Net Calls
+$16.4M
Net Calls Change
+$16.1M

Top Buyers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
+$78M
2
CLG
Cooperman Leon G
+$42.9M
3
PRCM
Pine River Capital Management
Minnesota
+$35.1M
4
Wells Fargo
Wells Fargo
California
+$27.7M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$14.5M

Top Sellers

Rank Fund Capital Flow
1
HCM
Highbridge Capital Management
New York
-$43.9M
2
SC
Seawolf Capital
New York
-$10.6M
3
BCM
Basswood Capital Management
New York
-$8.17M
4
FCH
Freestone Capital Holdings
Washington
-$5.83M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$5.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Highfields Capital Management
Massachusetts
$11.3M – – –
RA
27
Royce & Associates
New York
$11.2M -$109K -5,000 -1%
JCM
28
Janney Capital Management
Pennsylvania
$11.2M +$2.17M +99,173 +25%
NGA
29
New Generation Advisors
Massachusetts
$10M – – –
GT
30
Glenmede Trust
Pennsylvania
$9.02M +$1.21M +55,602 +16%
CCP
31
Clough Capital Partners
Massachusetts
$8.81M +$8.49M +388,500 New
Invesco
32
Invesco
Georgia
$8.33M +$235K +10,753 +3%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$8.21M +$1.12M +51,471 +17%
TCIM
34
TIAA CREF Investment Management
New York
$7.18M +$712K +32,577 +11%
Geode Capital Management
35
Geode Capital Management
Massachusetts
$7M +$1.42M +64,932 +27%
U
36
UBS
Switzerland
$6.79M +$3.04M +139,188 +87%
OAM
37
Oberweis Asset Management
Illinois
$6.52M -$333K -15,241 -5%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$6.13M +$4.43M +202,700 +299%
Allianz Asset Management
39
Allianz Asset Management
Germany
$6.08M -$597K -27,325 -9%
CCA
40
Canyon Capital Advisors
Texas
$5.9M +$5.69M +260,308 New
American Century Companies
41
American Century Companies
Missouri
$5.84M +$5.63M +257,633 New
HAI
42
Hennessy Advisors Inc
California
$5.67M +$721K +33,000 +15%
Barclays
43
Barclays
United Kingdom
$5.38M -$28K -1,280 -0.5%
NTCOC
44
Northern Trust Company of Connecticut
Connecticut
$5.13M +$65.2K +2,987 +1%
AC
45
Ascend Capital
California
$4.92M -$1.41M -64,585 -23%
SG Americas Securities
46
SG Americas Securities
New York
$4.72M +$4.39M +200,771 +2,648%
KCM
47
Key Colony Management
Arkansas
$4.56M -$546K -25,000 -11%
BP
48
Boston Provident
New Jersey
$4.17M +$4.02M +183,938 New
Ohio Public Employees Retirement System (OPERS)
49
Ohio Public Employees Retirement System (OPERS)
Ohio
$4M +$395K +18,100 +11%
MCA
50
Mendon Capital Advisors
Florida
$3.98M +$3.28M +150,000 New
1
2
3 4 5

PMT Hedge Fund Activity: Q3 2013 in Review

163 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2013, worth a combined $1.52B — up 25% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PMT positions and 22 closed out — a net gain of 5 holders — while 69 added to existing stakes and 37 trimmed.

The largest buyer was Hayman Capital Management, opening a new position worth an estimated $78M. The largest seller was Highbridge Capital Management, cutting an estimated $43.9M.

  • 163 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2013, up from 160 in Q2 2013.
  • Funds reported $1.52B of PennyMac Mortgage Investment stock for Q3 2013, up 25% quarter-over-quarter.
  • 27 funds opened new PennyMac Mortgage Investment positions in Q3 2013 and 22 closed out, a net change of +5 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2013 was Hayman Capital Management, an estimated $78M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2013 was Highbridge Capital Management, an estimated $43.9M sold.

Based on aggregated 13F filings for Q3 2013.