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PMT

PennyMac Mortgage Investment
PMT

170 hedge funds and large institutions have $1.84B invested in PennyMac Mortgage Investment in 2013 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more call options, than puts

Call options by funds: $16.6M | Put options by funds: $7.29M

36% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 22

21% more capital invested

Capital invested by funds: $1.52B → $1.84B (+$319M)

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

6% more ownership

Funds ownership: 65.09% → 71.09% (+6%)

4% more funds holding

Funds holding: 163 → 170 (+7)

4% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 55

Holders
170
Holders Change
+7
Holders Change %
+4.29%
% of All Funds
4.93%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.23%
New
30
Increased
57
Reduced
55
Closed
22
Calls
$16.6M
Puts
$7.29M
Net Calls
+$9.35M
Net Calls Change
-$7.06M

Top Buyers

Rank Fund Capital Flow
1
DFG
Delphi Financial Group
Delaware
+$26.7M
2
Wells Fargo
Wells Fargo
California
+$18.5M
3
NIMC
NWQ Investment Management Company
California
+$15.5M
4
Ameriprise
Ameriprise
Minnesota
+$11.4M
5
Morgan Stanley
Morgan Stanley
New York
+$11.1M

Top Sellers

Rank Fund Capital Flow
1
PRCM
Pine River Capital Management
Minnesota
-$21.4M
2
LPC
Long Pond Capital
New York
-$16.9M
3
GA
GRS Advisors
Illinois
-$6.79M
4
Barclays
Barclays
United Kingdom
-$4.99M
5
AC
Ascend Capital
California
-$4.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
PRCM
26
Pine River Capital Management
Minnesota
$15.1M -$21.4M -948,483 -59%
Norges Bank
27
Norges Bank
Norway
$13.6M – – –
JCM
28
Janney Capital Management
Pennsylvania
$12.1M +$756K +33,419 +7%
HCM
29
Highfields Capital Management
Massachusetts
$11.5M – – –
Bank of New York Mellon
30
Bank of New York Mellon
New York
$11.3M +$2.96M +130,958 +36%
GT
31
Glenmede Trust
Pennsylvania
$11.1M +$1.96M +86,737 +22%
RA
32
Royce & Associates
New York
$10.8M -$464K -20,500 -4%
NGA
33
New Generation Advisors
Massachusetts
$10.2M – – –
Citadel Advisors
34
Citadel Advisors
Florida
$9.4M +$8.8M +389,388 +1,929%
Deutsche Bank
35
Deutsche Bank
Germany
$8.96M +$5.7M +251,909 +182%
CCP
36
Clough Capital Partners
Massachusetts
$8.77M -$145K -6,400 -2%
U
37
UBS
Switzerland
$8.45M +$1.54M +68,312 +23%
Invesco
38
Invesco
Georgia
$8.43M -$5.36K -237 -0.1%
CCA
39
Canyon Capital Advisors
Texas
$8.33M +$2.32M +102,440 +39%
Alyeska Investment Group
40
Alyeska Investment Group
Illinois
$8.04M +$7.91M +350,000 New
Geode Capital Management
41
Geode Capital Management
Massachusetts
$7.92M +$818K +36,168 +12%
BP
42
Boston Provident
New Jersey
$7.72M +$3.44M +152,208 +83%
TCIM
43
TIAA CREF Investment Management
New York
$7.53M +$258K +11,391 +4%
SH
44
Scepter Holdings
Texas
$6.62M +$6.52M +288,174 New
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$6.3M +$113K +5,000 +2%
BlackRock
46
BlackRock
New York
$6.09M +$6M +265,188 New
OAM
47
Oberweis Asset Management
Illinois
$6.04M -$557K -24,638 -9%
American Century Companies
48
American Century Companies
Missouri
$5.82M -$98.3K -4,346 -2%
GC
49
Gratia Capital
California
$5.18M +$5.1M +225,746 New
DCM
50
Dupont Capital Management
Delaware
$5.12M +$3M +132,880 +147%
1
2
3 4 5

PMT Hedge Fund Activity: Q4 2013 in Review

170 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2013, worth a combined $1.84B — up 21% from $1.52B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PMT positions and 22 closed out — a net gain of 8 holders — while 57 added to existing stakes and 55 trimmed.

The largest buyer was Delphi Financial Group, opening a new position worth an estimated $26.7M. The largest seller was Pine River Capital Management, cutting an estimated $21.4M.

  • 170 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2013, up from 163 in Q3 2013.
  • Funds reported $1.84B of PennyMac Mortgage Investment stock for Q4 2013, up 21% quarter-over-quarter.
  • 30 funds opened new PennyMac Mortgage Investment positions in Q4 2013 and 22 closed out, a net change of +8 holders.
  • The largest PennyMac Mortgage Investment buyer in Q4 2013 was Delphi Financial Group, an estimated $26.7M added.
  • The largest PennyMac Mortgage Investment seller in Q4 2013 was Pine River Capital Management, an estimated $21.4M sold.

Based on aggregated 13F filings for Q4 2013.