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PMT

PennyMac Mortgage Investment
PMT

173 hedge funds and large institutions have $1.11B invested in PennyMac Mortgage Investment in 2014 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 62 increasing their positions, 57 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 57

4% less capital invested

Capital invested by funds: $1.17B → $1.11B (-$51.9M)

1.63% less ownership

Funds ownership: 71.76% → 70.12% (-1.6%)

5% less funds holding

Funds holding: 182 → 173 (-9)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

33% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 24

48% less call options, than puts

Call options by funds: $2M | Put options by funds: $3.88M

Holders
173
Holders Change
-9
Holders Change %
-4.95%
% of All Funds
5.02%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
16
Increased
62
Reduced
57
Closed
24
Calls
$2M
Puts
$3.88M
Net Calls
-$1.88M
Net Calls Change
-$6.54M

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$74.3M
2
DFG
Delphi Financial Group
Delaware
+$17.5M
3
PRCM
Pine River Capital Management
Minnesota
+$15.1M
4
CCP
Clough Capital Partners
Massachusetts
+$5.84M
5
Morgan Stanley
Morgan Stanley
New York
+$5.2M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
-$46.2M
2
CS
Credit Suisse
Switzerland
-$20.5M
3
Wells Fargo
Wells Fargo
California
-$17.2M
4
Norges Bank
Norges Bank
Norway
-$15.9M
5
RA
Royce & Associates
New York
-$8.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
51
Two Sigma Investments
New York
$3.22M -$1.86M -85,232 -36%
GEM
52
Global Endowment Management
North Carolina
$3.13M – – –
SG Americas Securities
53
SG Americas Securities
New York
$3.04M -$54.9K -2,517 -2%
NFA
54
Nationwide Fund Advisors
Ohio
$2.99M – – –
California State Teachers Retirement System (CalSTRS)
55
California State Teachers Retirement System (CalSTRS)
California
$2.93M +$32.2K +1,475 +1%
FCH
56
Freestone Capital Holdings
Washington
$2.91M -$7.29K -334 -0.2%
EWM
57
Edge Wealth Management
New York
$2.68M +$1.22M +55,896 +81%
KCM
58
Key Colony Management
Arkansas
$2.65M – – –
SCM
59
Sterling Capital Management
North Carolina
$2.64M +$325K +14,903 +14%
D.E. Shaw & Co
60
D.E. Shaw & Co
New York
$2.62M +$2.67M +122,292 New
MAM
61
Martingale Asset Management
Massachusetts
$2.5M -$6.89K -316 -0.3%
TA
62
Teachers Advisors
New York
$2.36M +$148K +6,779 +7%
IAA
63
Ironsides Asset Advisors
North Carolina
$2.34M +$233K +10,695 +11%
SCM
64
Sandler Capital Management
New York
$2.25M +$17.5K +800 +0.8%
MAMNY
65
Marathon Asset Management (New York)
New York
$2.14M -$1.09M -50,000 -33%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$1.97M +$655 +30 +0%
MVP
67
Miller Value Partners
Florida
$1.94M +$301K +13,800 +18%
RFC
68
Russell Frank Company
Washington
$1.89M +$388K +17,800 +25%
SAM
69
Shell Asset Management
Netherlands
$1.76M +$167K +7,641 +10%
MWR
70
McAdams Wright Ragen
Washington
$1.65M +$32.7K +1,500 +2%
Swiss National Bank
71
Swiss National Bank
Switzerland
$1.65M +$24K +1,100 +1%
Citigroup
72
Citigroup
New York
$1.5M -$2.07M -94,864 -57%
UM
73
Ulysses Management
New York
$1.5M – – –
PCMI
74
Paradigm Capital Management Inc
New York
$1.41M -$1.25M -57,500 -47%
MPAM
75
Monarch Partners Asset Management
Massachusetts
$1.33M +$91.6K +4,200 +7%
1 2
3
4 5

PMT Hedge Fund Activity: Q3 2014 in Review

173 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2014, worth a combined $1.11B — down 4.5% from $1.17B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of PMT and 16 opened new positions — a net loss of 8 holders — while 57 trimmed existing stakes and 62 added.

The largest buyer was EJF Capital, adding an estimated $74.3M. The largest seller was Hayman Capital Management, exiting entirely with an estimated $46.2M sold.

  • 173 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2014, down from 182 in Q2 2014.
  • Funds reported $1.11B of PennyMac Mortgage Investment stock for Q3 2014, down 4.5% quarter-over-quarter.
  • 16 funds opened new PennyMac Mortgage Investment positions in Q3 2014 and 24 closed out, a net change of -8 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2014 was EJF Capital, an estimated $74.3M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2014 was Hayman Capital Management, an estimated $46.2M sold.

Based on aggregated 13F filings for Q3 2014.