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PMT

PennyMac Mortgage Investment
PMT

160 hedge funds and large institutions have $742M invested in PennyMac Mortgage Investment in 2015 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 49 increasing their positions, 51 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

8% more funds holding

Funds holding: 148 → 160 (+12)

4% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 51

1.62% less ownership

Funds ownership: 67.58% → 65.96% (-1.6%)

5% less capital invested

Capital invested by funds: $782M → $742M (-$39.9M)

48% less call options, than puts

Call options by funds: $2.21M | Put options by funds: $4.28M

Holders
160
Holders Change
+12
Holders Change %
+8.11%
% of All Funds
4.2%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
31
Increased
49
Reduced
51
Closed
18
Calls
$2.21M
Puts
$4.28M
Net Calls
-$2.08M
Net Calls Change
+$1.19M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$12.4M
2
Two Sigma Investments
Two Sigma Investments
New York
+$7.68M
3
AAM
Advisors Asset Management
Colorado
+$5.73M
4
RIM
RS Investment Management
California
+$3.84M
5
Citigroup
Citigroup
New York
+$3.8M

Top Sellers

Rank Fund Capital Flow
1
OA
Omega Advisors
New York
-$28.2M
2
Invesco
Invesco
Georgia
-$11.2M
3
WAM
Wolverine Asset Management
Illinois
-$10.7M
4
LPC
Long Pond Capital
New York
-$6.92M
5
GC
Gratia Capital
California
-$5.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
GIM
26
Greenwich Investment Management
Connecticut
$7.95M -$836K -53,645 -9%
Two Sigma Investments
27
Two Sigma Investments
New York
$7.8M +$7.68M +492,827 +2,699%
HCM
28
Highfields Capital Management
Massachusetts
$7.63M – – –
SM
29
Senvest Management
New York
$7.59M +$1.71M +110,000 +28%
YMRC
30
Yorktown Management & Research Company
Virginia
$7.42M +$2.8M +180,000 +59%
KKRC
31
Kohlberg Kravis Roberts & Co
New York
$6.99M +$3.74M +240,000 +110%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$6.76M +$52.9K +3,396 +0.8%
Barclays
33
Barclays
United Kingdom
$6.74M -$17.5K -1,124 -0.2%
GXMC
34
Global X Management Company
New York
$6.73M -$409K -26,234 -6%
American Century Companies
35
American Century Companies
Missouri
$6.41M -$75K -4,816 -1%
Prudential Financial
36
Prudential Financial
New Jersey
$6.16M -$1.06M -67,800 -14%
BJ
37
BlackRock Japan
Japan
$6.1M – – –
Two Sigma Advisers
38
Two Sigma Advisers
New York
$5.25M +$2.06M +132,414 +63%
Charles Schwab
39
Charles Schwab
California
$5.22M +$428K +27,462 +9%
Goldman Sachs
40
Goldman Sachs
New York
$4.69M +$1.4M +89,766 +41%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$4.58M +$129K +8,270 +3%
BlackRock
42
BlackRock
New York
$4.06M +$15.6K +1,000 +0.4%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$4.04M -$154K -9,900 -4%
VanEck Associates
44
VanEck Associates
New York
$3.86M -$167K -10,748 -4%
TCIM
45
TIAA CREF Investment Management
New York
$3.73M -$37.2K -2,390 -1%
BIM
46
BlackRock Investment Management
Delaware
$3.09M – – –
QI
47
QS Investors
New York
$2.72M -$198K -12,726 -7%
PPA
48
Parametric Portfolio Associates
Washington
$2.66M +$341K +21,914 +14%
CS
49
Credit Suisse
Switzerland
$2.58M -$2.7M -173,169 -51%
GC
50
Guggenheim Capital
Illinois
$2.52M +$24.2K +1,554 +1%
1
2
3 4 5

PMT Hedge Fund Activity: Q4 2015 in Review

160 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2015, worth a combined $742M — down 5.1% from $782M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PMT positions and 18 closed out — a net gain of 13 holders — while 49 added to existing stakes and 51 trimmed.

The largest buyer was Millennium Management, adding an estimated $12.4M. The largest seller was Omega Advisors, cutting an estimated $28.2M.

  • 160 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2015, up from 148 in Q3 2015.
  • Funds reported $742M of PennyMac Mortgage Investment stock for Q4 2015, down 5.1% quarter-over-quarter.
  • 31 funds opened new PennyMac Mortgage Investment positions in Q4 2015 and 18 closed out, a net change of +13 holders.
  • The largest PennyMac Mortgage Investment buyer in Q4 2015 was Millennium Management, an estimated $12.4M added.
  • The largest PennyMac Mortgage Investment seller in Q4 2015 was Omega Advisors, an estimated $28.2M sold.

Based on aggregated 13F filings for Q4 2015.