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PMT

PennyMac Mortgage Investment
PMT

160 hedge funds and large institutions have $742M invested in PennyMac Mortgage Investment in 2015 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 49 increasing their positions, 51 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

8% more funds holding

Funds holding: 148 → 160 (+12)

4% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 51

1.62% less ownership

Funds ownership: 67.58% → 65.96% (-1.6%)

5% less capital invested

Capital invested by funds: $782M → $742M (-$39.9M)

48% less call options, than puts

Call options by funds: $2.21M | Put options by funds: $4.28M

Holders
160
Holders Change
+12
Holders Change %
+8.11%
% of All Funds
4.2%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
31
Increased
49
Reduced
51
Closed
18
Calls
$2.21M
Puts
$4.28M
Net Calls
-$2.08M
Net Calls Change
+$1.19M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$12.4M
2
Two Sigma Investments
Two Sigma Investments
New York
+$7.68M
3
AAM
Advisors Asset Management
Colorado
+$5.73M
4
RIM
RS Investment Management
California
+$3.84M
5
Citigroup
Citigroup
New York
+$3.8M

Top Sellers

Rank Fund Capital Flow
1
OA
Omega Advisors
New York
-$28.2M
2
Invesco
Invesco
Georgia
-$11.2M
3
WAM
Wolverine Asset Management
Illinois
-$10.7M
4
LPC
Long Pond Capital
New York
-$6.92M
5
GC
Gratia Capital
California
-$5.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
MVP
51
Miller Value Partners
Florida
$2.14M – – –
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$2.11M +$34.1K +2,189 +2%
EM
53
EnTrustPermal Management
New York
$1.91M +$1.95M +125,100 New
TA
54
Teachers Advisors
New York
$1.72M – – –
Ameriprise
55
Ameriprise
Minnesota
$1.65M -$34.8K -2,231 -2%
WA
56
Wasatch Advisors
Utah
$1.59M +$1.63M +104,500 New
Wellington Management Group
57
Wellington Management Group
Massachusetts
$1.53M +$1.13M +72,772 +265%
Swiss National Bank
58
Swiss National Bank
Switzerland
$1.53M – – –
MAMNY
59
Marathon Asset Management (New York)
New York
$1.53M – – –
RhumbLine Advisers
60
RhumbLine Advisers
Massachusetts
$1.52M +$58.6K +3,760 +4%
Susquehanna International Group
61
Susquehanna International Group
Pennsylvania
$1.45M +$731K +46,924 +98%
RFC
62
Russell Frank Company
Washington
$1.25M -$2.02M -129,850 -61%
KAM
63
Kazazian Asset Management
Florida
$1.24M -$66.3K -4,253 -5%
IP
64
Interval Partners
New York
$1.23M +$91K +5,837 +8%
SAM
65
Shell Asset Management
Netherlands
$1.18M -$75.1K -4,819 -6%
IA
66
IndexIQ Advisors
New York
$1.16M -$51.3K -3,293 -4%
Invesco
67
Invesco
Georgia
$1.14M -$11.2M -718,380 -91%
UBS AM
68
UBS AM
Illinois
$1.13M +$70.3K +4,513 +6%
Fidelity Investments
69
Fidelity Investments
Massachusetts
$1.09M – – –
EMG
70
Ellington Management Group
Connecticut
$1.08M +$1.1M +70,900 New
New York State Common Retirement Fund
71
New York State Common Retirement Fund
New York
$1.08M +$40.5K +2,600 +4%
QSS
72
Quantitative Systematic Strategies
Florida
$1M +$1.01M +64,968 New
Baird Financial Group
73
Baird Financial Group
Wisconsin
$988K -$279K -17,935 -22%
IAA
74
Ironsides Asset Advisors
North Carolina
$977K -$85K -5,456 -8%
Walleye Trading
75
Walleye Trading
New York
$968K +$989K +63,457 New
1 2
3
4 5

PMT Hedge Fund Activity: Q4 2015 in Review

160 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2015, worth a combined $742M — down 5.1% from $782M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PMT positions and 18 closed out — a net gain of 13 holders — while 49 added to existing stakes and 51 trimmed.

The largest buyer was Millennium Management, adding an estimated $12.4M. The largest seller was Omega Advisors, cutting an estimated $28.2M.

  • 160 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2015, up from 148 in Q3 2015.
  • Funds reported $742M of PennyMac Mortgage Investment stock for Q4 2015, down 5.1% quarter-over-quarter.
  • 31 funds opened new PennyMac Mortgage Investment positions in Q4 2015 and 18 closed out, a net change of +13 holders.
  • The largest PennyMac Mortgage Investment buyer in Q4 2015 was Millennium Management, an estimated $12.4M added.
  • The largest PennyMac Mortgage Investment seller in Q4 2015 was Omega Advisors, an estimated $28.2M sold.

Based on aggregated 13F filings for Q4 2015.