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PMT

PennyMac Mortgage Investment
PMT

183 hedge funds and large institutions have $2.05B invested in PennyMac Mortgage Investment in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 44 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

202% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $5.12M

100% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 16

64% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 44

25% more funds holding in top 10

Funds holding in top 10: 8 → 10 (+2)

13.23% more ownership

Funds ownership: 71.09% → 84.32% (+13%)

11% more capital invested

Capital invested by funds: $1.84B → $2.05B (+$204M)

8% more funds holding

Funds holding: 170 → 183 (+13)

Holders
183
Holders Change
+13
Holders Change %
+7.65%
% of All Funds
5.29%
Holding in Top 10
10
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+25%
% of All Funds
0.29%
New
32
Increased
72
Reduced
44
Closed
16
Calls
$15.4M
Puts
$5.12M
Net Calls
+$10.3M
Net Calls Change
+$965K

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$191M
2
IG
ING Group
Netherlands
+$14.9M
3
DFG
Delphi Financial Group
Delaware
+$12.9M
4
Millennium Management
Millennium Management
New York
+$11.4M
5
CCP
Clough Capital Partners
Massachusetts
+$10.9M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
-$28M
2
SM
Senvest Management
New York
-$17.9M
3
PRCM
Pine River Capital Management
Minnesota
-$15.1M
4
GA
GRS Advisors
Illinois
-$10.6M
5
NGA
New Generation Advisors
Massachusetts
-$8.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
51
BlackRock Investment Management
Delaware
$5.52M +$1.4M +59,263 +35%
Two Sigma Investments
52
Two Sigma Investments
New York
$5.24M +$3.02M +127,738 +140%
SG Americas Securities
53
SG Americas Securities
New York
$4.81M -$5.74K -243 -0.1%
QBFM
54
QS Batterymarch Financial Management
New York
$4.68M +$4.62M +195,700 New
Charles Schwab
55
Charles Schwab
California
$4.53M +$374K +15,814 +9%
D.E. Shaw & Co
56
D.E. Shaw & Co
New York
$4.39M +$4.34M +183,557 New
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$4.35M +$2.83M +119,791 +192%
Ohio Public Employees Retirement System (OPERS)
58
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.21M – – –
SC
59
Seawolf Capital
New York
$4.14M +$4.11M +173,800 New
Stifel Financial
60
Stifel Financial
Missouri
$4.03M +$3.98M +168,459 New
SCM
61
Silver Capital Management
New York
$3.8M -$544K -23,010 -13%
MAMNY
62
Marathon Asset Management (New York)
New York
$3.58M – – –
GEM
63
Global Endowment Management
North Carolina
$3.49M +$3.45M +146,000 New
VanEck Associates
64
VanEck Associates
New York
$3.33M -$334K -14,153 -9%
FCH
65
Freestone Capital Holdings
Washington
$3.26M -$14K -593 -0.4%
California State Teachers Retirement System (CalSTRS)
66
California State Teachers Retirement System (CalSTRS)
California
$3.06M +$11.8K +500 +0.4%
AllianceBernstein
67
AllianceBernstein
Tennessee
$2.96M +$1.3K +55 +0%
KCM
68
Key Colony Management
Arkansas
$2.95M -$70.9K -3,000 -2%
Goldman Sachs
69
Goldman Sachs
New York
$2.9M +$448K +18,970 +19%
PCMI
70
Paradigm Capital Management Inc
New York
$2.75M +$588K +24,900 +28%
MAM
71
Martingale Asset Management
Massachusetts
$2.66M +$2.63M +111,213 New
Allianz Asset Management
72
Allianz Asset Management
Germany
$2.64M -$374K -15,848 -13%
NFA
73
Nationwide Fund Advisors
Ohio
$2.56M +$1.43M +60,446 +129%
TA
74
Teachers Advisors
New York
$2.55M +$148K +6,260 +6%
SCM
75
Sterling Capital Management
North Carolina
$2.53M +$2.5M +105,759 New
1 2
3
4 5

PMT Hedge Fund Activity: Q1 2014 in Review

183 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2014, worth a combined $2.05B — up 11% from $1.84B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new PMT positions and 16 closed out — a net gain of 16 holders — while 72 added to existing stakes and 44 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $191M. The largest seller was Hayman Capital Management, cutting an estimated $28M.

  • 183 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2014, up from 170 in Q4 2013.
  • Funds reported $2.05B of PennyMac Mortgage Investment stock for Q1 2014, up 11% quarter-over-quarter.
  • 32 funds opened new PennyMac Mortgage Investment positions in Q1 2014 and 16 closed out, a net change of +16 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $191M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2014 was Hayman Capital Management, an estimated $28M sold.

Based on aggregated 13F filings for Q1 2014.