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PMT

PennyMac Mortgage Investment
PMT

154 hedge funds and large institutions have $755M invested in PennyMac Mortgage Investment in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 54 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.89% more ownership

Funds ownership: 59.13% → 65.02% (+5.9%)

4% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 54

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 158 → 154 (-4)

7% less capital invested

Capital invested by funds: $809M → $755M (-$53.8M)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

73% less call options, than puts

Call options by funds: $515K | Put options by funds: $1.93M

Holders
154
Holders Change
-4
Holders Change %
-2.53%
% of All Funds
3.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
14
Increased
56
Reduced
54
Closed
18
Calls
$515K
Puts
$1.93M
Net Calls
-$1.41M
Net Calls Change
-$464K

Top Buyers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
+$10M
2
WAM
Wolverine Asset Management
Illinois
+$8.15M
3
UBS Group
UBS Group
Switzerland
+$6.5M
4
Goldman Sachs
Goldman Sachs
New York
+$3.12M
5
Millennium Management
Millennium Management
New York
+$2.94M

Top Sellers

Rank Fund Capital Flow
1
DFG
Delphi Financial Group
Delaware
-$13.8M
2
HCM
Highfields Capital Management
Massachusetts
-$9.14M
3
CCP
Clough Capital Partners
Massachusetts
-$8.48M
4
Norges Bank
Norges Bank
Norway
-$3.76M
5
AM
Ares Management
California
-$3.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
Legal & General Group
51
Legal & General Group
United Kingdom
$1.83M -$8.2K -471 -0.4%
GLA
52
Great Lakes Advisors
Illinois
$1.81M +$1.81M +104,063 New
CS
53
Credit Suisse
Switzerland
$1.81M +$824K +47,339 +84%
PAM
54
Panagora Asset Management
Massachusetts
$1.8M +$947K +54,385 +110%
GC
55
Guggenheim Capital
Illinois
$1.62M -$601K -34,533 -27%
AQR Capital Management
56
AQR Capital Management
Connecticut
$1.57M – – –
Allianz Asset Management
57
Allianz Asset Management
Germany
$1.56M +$194K +11,156 +14%
SFM
58
Systematic Financial Management
New Jersey
$1.55M -$83.6K -4,800 -5%
Wellington Management Group
59
Wellington Management Group
Massachusetts
$1.54M – – –
Balyasny Asset Management
60
Balyasny Asset Management
Illinois
$1.48M +$1.16M +66,842 +361%
RhumbLine Advisers
61
RhumbLine Advisers
Massachusetts
$1.42M +$14.9K +858 +1%
IA
62
IndexIQ Advisors
New York
$1.39M +$40.8K +2,341 +3%
New York State Common Retirement Fund
63
New York State Common Retirement Fund
New York
$1.25M – – –
ARTA
64
A.R.T. Advisors
New York
$1.11M +$468K +26,900 +73%
AM
65
Ares Management
California
$1.08M -$3.73M -214,267 -77%
Manulife (Manufacturers Life Insurance)
66
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.04M -$39.1K -2,246 -4%
ADEF
67
Adams Diversified Equity Fund
Maryland
$949K -$33.1K -1,900 -3%
SG Americas Securities
68
SG Americas Securities
New York
$913K +$237K +13,596 +35%
Two Sigma Investments
69
Two Sigma Investments
New York
$903K -$2.83M -162,289 -76%
Fidelity Investments
70
Fidelity Investments
Massachusetts
$890K – – –
UBS AM
71
UBS AM
Illinois
$886K +$38K +2,184 +4%
CCMH
72
Cornerstone Capital Management Holdings
New York
$876K +$878K +50,400 New
State Board of Administration of Florida Retirement System
73
State Board of Administration of Florida Retirement System
Florida
$844K – – –
WT
74
Whittier Trust
California
$839K +$11.9K +686 +1%
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
$813K – – –
1 2
3
4 5

PMT Hedge Fund Activity: Q3 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2017, worth a combined $755M — down 6.6% from $809M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PMT and 14 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 56 added.

The largest buyer was First Trust Advisors, adding an estimated $10M. The largest seller was Delphi Financial Group, cutting an estimated $13.8M.

  • 154 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2017, down from 158 in Q2 2017.
  • Funds reported $755M of PennyMac Mortgage Investment stock for Q3 2017, down 6.6% quarter-over-quarter.
  • 14 funds opened new PennyMac Mortgage Investment positions in Q3 2017 and 18 closed out, a net change of -4 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2017 was First Trust Advisors, an estimated $10M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2017 was Delphi Financial Group, an estimated $13.8M sold.

Based on aggregated 13F filings for Q3 2017.