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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
NTCOC
51
Northern Trust Company of Connecticut
Connecticut
$5.12M -$69K -3,053 -1%
SG Americas Securities
52
SG Americas Securities
New York
$4.63M -$154K -6,815 -3%
SCM
53
Silver Capital Management
New York
$4.18M +$4.11M +181,950 New
Ohio Public Employees Retirement System (OPERS)
54
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.05M – – –
Charles Schwab
55
Charles Schwab
California
$3.99M +$151K +6,690 +4%
BIM
56
BlackRock Investment Management
Delaware
$3.94M +$10.2K +450 +0.3%
VanEck Associates
57
VanEck Associates
New York
$3.52M +$277K +12,263 +9%
MAMNY
58
Marathon Asset Management (New York)
New York
$3.44M – – –
FCH
59
Freestone Capital Holdings
Washington
$3.15M +$3.1M +137,125 New
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$2.93M +$9.04K +400 +0.3%
KCM
61
Key Colony Management
Arkansas
$2.9M -$1.68M -74,500 -37%
Allianz Asset Management
62
Allianz Asset Management
Germany
$2.9M -$3.2M -141,623 -53%
AllianceBernstein
63
AllianceBernstein
Tennessee
$2.84M -$882 -39 -0%
SCM
64
Sandler Capital Management
New York
$2.43M +$67.8K +3,000 +3%
Goldman Sachs
65
Goldman Sachs
New York
$2.35M -$156K -6,882 -6%
TA
66
Teachers Advisors
New York
$2.31M +$204K +9,039 +10%
HAI
67
Hennessy Advisors Inc
California
$2.3M -$3.39M -150,000 -60%
Prudential Financial
68
Prudential Financial
New Jersey
$2.23M -$9.04K -400 -0.4%
Two Sigma Investments
69
Two Sigma Investments
New York
$2.1M +$2.07M +91,505 New
PCMI
70
Paradigm Capital Management Inc
New York
$2.07M +$2.03M +90,000 New
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$2.05M -$114K -5,020 -5%
MPAM
72
Monarch Partners Asset Management
Massachusetts
$1.95M -$483K -21,350 -20%
SAM
73
Shell Asset Management
Netherlands
$1.73M +$276K +12,219 +19%
MWR
74
McAdams Wright Ragen
Washington
$1.67M +$1.65M +72,930 New
UM
75
Ulysses Management
New York
$1.49M +$226K +10,000 +18%
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.