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PMT

PennyMac Mortgage Investment
PMT

154 hedge funds and large institutions have $755M invested in PennyMac Mortgage Investment in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 54 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.89% more ownership

Funds ownership: 59.13% → 65.02% (+5.9%)

4% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 54

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 158 → 154 (-4)

7% less capital invested

Capital invested by funds: $809M → $755M (-$53.8M)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

73% less call options, than puts

Call options by funds: $515K | Put options by funds: $1.93M

Holders
154
Holders Change
-4
Holders Change %
-2.53%
% of All Funds
3.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
14
Increased
56
Reduced
54
Closed
18
Calls
$515K
Puts
$1.93M
Net Calls
-$1.41M
Net Calls Change
-$464K

Top Buyers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
+$10M
2
WAM
Wolverine Asset Management
Illinois
+$8.15M
3
UBS Group
UBS Group
Switzerland
+$6.5M
4
Goldman Sachs
Goldman Sachs
New York
+$3.12M
5
Millennium Management
Millennium Management
New York
+$2.94M

Top Sellers

Rank Fund Capital Flow
1
DFG
Delphi Financial Group
Delaware
-$13.8M
2
HCM
Highfields Capital Management
Massachusetts
-$9.14M
3
CCP
Clough Capital Partners
Massachusetts
-$8.48M
4
Norges Bank
Norges Bank
Norway
-$3.76M
5
AM
Ares Management
California
-$3.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
GIM
26
Greenwich Investment Management
Connecticut
$6.26M +$3.83K +220 +0.1%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$6.2M +$86K +4,940 +1%
SGCIA
28
Smith Graham & Co Investment Advisors
Texas
$6.19M -$63.6K -3,650 -1%
VanEck Associates
29
VanEck Associates
New York
$6.05M +$588K +33,777 +11%
Wells Fargo
30
Wells Fargo
California
$5.87M -$801K -46,021 -12%
Renaissance Technologies
31
Renaissance Technologies
New York
$5.47M +$2.31M +132,700 +73%
Bank of America
32
Bank of America
North Carolina
$5.04M +$746K +42,840 +17%
Citadel Advisors
33
Citadel Advisors
Florida
$4.91M +$926K +53,198 +23%
NIMC
34
NWQ Investment Management Company
California
$4.53M -$613K -35,185 -12%
MAM
35
Martingale Asset Management
Massachusetts
$4.34M +$52.2K +3,000 +1%
PPA
36
Parametric Portfolio Associates
Washington
$4.26M -$164K -9,433 -4%
CC
37
Cipher Capital
New York
$3.67M -$397K -22,797 -10%
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$3.62M +$1.41M +81,000 +64%
QI
39
QS Investors
New York
$3.5M +$280K +16,094 +9%
TCIM
40
TIAA CREF Investment Management
New York
$3.03M -$83.3K -4,783 -3%
Prudential Financial
41
Prudential Financial
New Jersey
$2.89M -$491K -28,200 -15%
Barclays
42
Barclays
United Kingdom
$2.87M +$23.1K +1,326 +0.8%
EM
43
EnTrustPermal Management
New York
$2.78M +$345K +19,800 +14%
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$2.63M -$2.5M -143,560 -49%
RGREA
45
Ranger Global Real Estate Advisors
Colorado
$2.5M +$122K +7,000 +5%
TA
46
Teachers Advisors
New York
$2.05M +$7.47K +429 +0.4%
Stifel Financial
47
Stifel Financial
Missouri
$2.02M +$189K +10,864 +10%
Swiss National Bank
48
Swiss National Bank
Switzerland
$1.96M – – –
Bessemer Group
49
Bessemer Group
New Jersey
$1.83M +$15.7K +900 +0.9%
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$1.83M -$203K -11,634 -10%
1
2
3 4 5

PMT Hedge Fund Activity: Q3 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2017, worth a combined $755M — down 6.6% from $809M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PMT and 14 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 56 added.

The largest buyer was First Trust Advisors, adding an estimated $10M. The largest seller was Delphi Financial Group, cutting an estimated $13.8M.

  • 154 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2017, down from 158 in Q2 2017.
  • Funds reported $755M of PennyMac Mortgage Investment stock for Q3 2017, down 6.6% quarter-over-quarter.
  • 14 funds opened new PennyMac Mortgage Investment positions in Q3 2017 and 18 closed out, a net change of -4 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2017 was First Trust Advisors, an estimated $10M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2017 was Delphi Financial Group, an estimated $13.8M sold.

Based on aggregated 13F filings for Q3 2017.