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PMT

PennyMac Mortgage Investment

186 hedge funds and large institutions have $839M invested in PennyMac Mortgage Investment in 2018 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 69 increasing their positions, 52 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

33% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 52

11% more funds holding

Funds holding: 167186 (+19)

0.9% more ownership

Funds ownership: 72.88%73.78% (+0.9%)

4% less call options, than puts

Call options by funds: $568K | Put options by funds: $593K

7% less capital invested

Capital invested by funds: $899M → $839M (-$59.4M)

Holders
186
Holders Change
+19
Holders Change %
+11.38%
% of All Funds
4.14%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
37
Increased
69
Reduced
52
Closed
17
Calls
$568K
Puts
$593K
Net Calls
-$25K
Net Calls Change
-$706K
Name Holding Trade Value Shares
Change
Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$6.11M +$5.35M +268,400 +451%
AAM
27
Advisors Asset Management
Colorado
$6.06M -$1.21M -60,698 -16%
AU
28
Algebris (UK)
United Kingdom
$5.4M +$4.53M +227,000 New
Prudential Financial
29
Prudential Financial
New Jersey
$4.89M +$1.39M +69,606 +36%
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$4.58M +$66.1K +3,313 +1%
VanEck Associates
31
VanEck Associates
New York
$4.24M -$975K -48,860 -18%
MAM
32
Martingale Asset Management
Massachusetts
$4.22M +$193K +9,700 +4%
Bank of America
33
Bank of America
North Carolina
$4.12M +$924K +46,336 +26%
Wells Fargo
34
Wells Fargo
California
$4.09M +$111K +5,569 +3%
Hotchkis & Wiley Capital Management
35
Hotchkis & Wiley Capital Management
California
$3.7M -$1.25M -62,759 -24%
GIM
36
Greenwich Investment Management
Connecticut
$3.52M +$17.9K +900 +0.5%
Legal & General Group
37
Legal & General Group
United Kingdom
$3.41M -$12.6K -631 -0.3%
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$3.35M +$638K +31,966 +22%
QI
39
QS Investors
New York
$2.9M
CEP
40
Chicago Equity Partners
Illinois
$2.66M -$11.4K -570 -0.4%
AllianceBernstein
41
AllianceBernstein
Tennessee
$2.54M -$3.36M -168,591 -55%
TCIM
42
TIAA CREF Investment Management
New York
$2.29M -$64.4K -3,228 -3%
TA
43
Teachers Advisors
New York
$2.28M +$72K +3,611 +3%
Swiss National Bank
44
Swiss National Bank
Switzerland
$2.01M +$19.9K +1,000 +0.9%
State Board of Administration of Florida Retirement System
45
State Board of Administration of Florida Retirement System
Florida
$1.85M -$595K -29,843 -23%
JP Morgan Chase
46
JP Morgan Chase
New York
$1.8M +$156K +7,806 +9%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$1.75M +$43.5K +2,181 +2%
ASRS
48
Arizona State Retirement System
Arizona
$1.75M +$109K +5,446 +6%
Allianz Asset Management
49
Allianz Asset Management
Germany
$1.73M +$1.16M +58,340 +169%
Russell Investments Group
50
Russell Investments Group
United Kingdom
$1.64M +$368K +18,437 +27%

PMT Hedge Fund Activity: Q4 2018 in Review

186 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2018, worth a combined $839M — down 6.6% from $899M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new PMT positions and 17 closed out — a net gain of 20 holders — while 69 added to existing stakes and 52 trimmed.

The largest buyer was Bessemer Group, adding an estimated $10.2M. The largest seller was Invesco, cutting an estimated $11.8M.

  • 186 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2018, up from 167 in Q3 2018.
  • Funds reported $839M of PennyMac Mortgage Investment stock for Q4 2018, down 6.6% quarter-over-quarter.
  • 37 funds opened new PennyMac Mortgage Investment positions in Q4 2018 and 17 closed out, a net change of +20 holders.
  • The largest PennyMac Mortgage Investment buyer in Q4 2018 was Bessemer Group, an estimated $10.2M added.
  • The largest PennyMac Mortgage Investment seller in Q4 2018 was Invesco, an estimated $11.8M sold.

Based on aggregated 13F filings for Q4 2018.