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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
BIM
51
BlackRock Investment Management
Delaware
$3.88M -$327K -14,978 -8%
Charles Schwab
52
Charles Schwab
California
$3.86M +$632K +28,952 +21%
MAMNY
53
Marathon Asset Management (New York)
New York
$3.4M – – –
HI
54
HBK Investments
Texas
$3.3M +$964K +44,131 +44%
MIM
55
Merit Investment Management
Delaware
$3.29M – – –
RFC
56
Russell Frank Company
Washington
$3.25M -$1.95M -89,120 -38%
VanEck Associates
57
VanEck Associates
New York
$3.2M +$75.7K +3,466 +3%
Deutsche Bank
58
Deutsche Bank
Germany
$3.14M -$901K -41,258 -23%
PAM
59
Panagora Asset Management
Massachusetts
$2.98M -$387K -17,721 -12%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$2.88M +$531K +24,332 +24%
AllianceBernstein
61
AllianceBernstein
Tennessee
$2.81M -$240 -11 -0%
Goldman Sachs
62
Goldman Sachs
New York
$2.47M +$1.88M +86,036 +374%
MPAM
63
Monarch Partners Asset Management
Massachusetts
$2.41M +$2.33M +106,450 New
NAM
64
NorthCoast Asset Management
Connecticut
$2.4M -$253K -11,605 -10%
SCM
65
Sandler Capital Management
New York
$2.34M – – –
Prudential Financial
66
Prudential Financial
New Jersey
$2.21M +$518K +23,700 +32%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$2.14M +$201K +9,205 +11%
TA
68
Teachers Advisors
New York
$2.08M +$305K +13,943 +18%
DCM
69
Dupont Capital Management
Delaware
$2.05M -$2.43M -111,367 -55%
NIMC
70
NWQ Investment Management Company
California
$1.96M -$4.95M -226,780 -72%
Susquehanna International Group
71
Susquehanna International Group
Pennsylvania
$1.64M -$586K -26,806 -27%
CAM
72
ClariVest Asset Management
California
$1.57M -$380K -17,400 -20%
SAM
73
Shell Asset Management
Netherlands
$1.44M – – –
Fifth Third Bancorp
74
Fifth Third Bancorp
Ohio
$1.31M +$33.2K +1,522 +3%
Swiss National Bank
75
Swiss National Bank
Switzerland
$1.31M +$89.6K +4,100 +8%
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.