PennyMac Mortgage Investment
PMT
150 hedge funds and large institutions have $620M invested in PennyMac Mortgage Investment in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 54 reducing their positions, and 28 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 54
2.61% less ownership
Funds ownership: 65.96% → 63.35% (-2.6%)
6% less funds holding
Funds holding: 160 → 150 (-10)
16% less call options, than puts
Call options by funds: $2.08M | Put options by funds: $2.49M
16% less capital invested
Capital invested by funds: $742M → $620M (-$122M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
36% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$17.4M |
| 2 |
Citigroup
New York
|
+$13.1M |
| 3 |
GXMC
Global X Management Company
New York
|
+$7.34M |
| 4 |
Millennium Management
New York
|
+$6.98M |
| 5 |
SM
Senvest Management
New York
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
-$32.9M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$14.8M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$12.7M |
| 4 |
RIM
RS Investment Management
San Francisco,
California
|
-$8.88M |
| 5 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$6.99M |
PMT Hedge Fund Activity: Q1 2016 in Review
150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2016, worth a combined $620M — down 16% from $742M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PMT and 18 opened new positions — a net loss of 10 holders — while 54 trimmed existing stakes and 51 added.
The largest buyer was Bank of America, adding an estimated $17.4M. The largest seller was Long Pond Capital, exiting entirely with an estimated $32.9M sold.
- 150 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2016, down from 160 in Q4 2015.
- Funds reported $620M of PennyMac Mortgage Investment stock for Q1 2016, down 16% quarter-over-quarter.
- 18 funds opened new PennyMac Mortgage Investment positions in Q1 2016 and 28 closed out, a net change of -10 holders.
- The largest PennyMac Mortgage Investment buyer in Q1 2016 was Bank of America, an estimated $17.4M added.
- The largest PennyMac Mortgage Investment seller in Q1 2016 was Long Pond Capital, an estimated $32.9M sold.
Based on aggregated 13F filings for Q1 2016.