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PMT

PennyMac Mortgage Investment
PMT

161 hedge funds and large institutions have $830M invested in PennyMac Mortgage Investment in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 42 increasing their positions, 53 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 22

75% more call options, than puts

Call options by funds: $1.3M | Put options by funds: $743K

26% more capital invested

Capital invested by funds: $658M → $830M (+$172M)

18% more funds holding

Funds holding: 137 → 161 (+24)

13.39% more ownership

Funds ownership: 62.48% → 75.87% (+13%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

21% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 53

Holders
161
Holders Change
+24
Holders Change %
+17.52%
% of All Funds
3.69%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
46
Increased
42
Reduced
53
Closed
22
Calls
$1.3M
Puts
$743K
Net Calls
+$559K
Net Calls Change
+$838K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$58.8M
2
Principal Financial Group
Principal Financial Group
Iowa
+$7.75M
3
Morgan Stanley
Morgan Stanley
New York
+$6.66M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$6.46M
5
State Street
State Street
Massachusetts
+$5.6M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$8.73M
2
Two Sigma Investments
Two Sigma Investments
New York
-$7.23M
3
NIMC
NWQ Investment Management Company
California
-$3.99M
4
CC
Cipher Capital
New York
-$3.46M
5
WAM
Weiss Asset Management
Massachusetts
-$3.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bessemer Group
51
Bessemer Group
New Jersey
$1.47M +$13.4K +800 +1%
Fidelity Investments
52
Fidelity Investments
Massachusetts
$1.44M +$475K +28,400 +55%
Canada Life
53
Canada Life
Manitoba, Canada
$1.43M +$1.21M +72,000 +1,016%
CS
54
Credit Suisse
Switzerland
$1.33M -$141K -8,446 -10%
New York State Common Retirement Fund
55
New York State Common Retirement Fund
New York
$1.29M – – –
Comerica Bank
56
Comerica Bank
Texas
$1.18M +$1.11M +66,543 New
Citadel Advisors
57
Citadel Advisors
Florida
$1.15M -$2.78M -166,096 -72%
UBS AM
58
UBS AM
Illinois
$1.08M +$57K +3,402 +6%
IA
59
IndexIQ Advisors
New York
$1.03M -$234K -13,971 -20%
Manulife (Manufacturers Life Insurance)
60
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.03M -$66.2K -3,953 -6%
SAM
61
Shell Asset Management
Netherlands
$998K +$927K +55,351 New
Millennium Management
62
Millennium Management
New York
$993K -$433K -25,882 -32%
JG
63
Jefferies Group
New York
$980K -$387K -23,139 -30%
BCM
64
BlueCrest Capital Management
Jersey
$949K +$881K +52,625 New
Hotchkis & Wiley Capital Management
65
Hotchkis & Wiley Capital Management
California
$941K +$7.72K +461 +0.9%
WT
66
Whittier Trust
California
$895K +$7.4K +442 +0.9%
Stifel Financial
67
Stifel Financial
Missouri
$889K -$1.09M -64,949 -57%
State Board of Administration of Florida Retirement System
68
State Board of Administration of Florida Retirement System
Florida
$875K – – –
State of Tennessee, Department of Treasury
69
State of Tennessee, Department of Treasury
Tennessee
$852K +$791K +47,251 New
EMG
70
Ellington Management Group
Connecticut
$811K -$480K -28,700 -39%
ADEF
71
Adams Diversified Equity Fund
Maryland
$763K – – –
SG Americas Securities
72
SG Americas Securities
New York
$746K +$63.1K +3,771 +10%
TPSF
73
Texas Permanent School Fund
Texas
$724K +$672K +40,162 New
WS
74
Wedbush Securities
California
$719K +$6.01K +359 +0.9%
Royal Bank of Canada
75
Royal Bank of Canada
Ontario, Canada
$709K +$176K +10,516 +37%
1 2
3
4 5

PMT Hedge Fund Activity: Q1 2018 in Review

161 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2018, worth a combined $830M — up 26% from $658M a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new PMT positions and 22 closed out — a net gain of 24 holders — while 42 added to existing stakes and 53 trimmed.

The largest buyer was BlackRock, adding an estimated $58.8M. The largest seller was Wolverine Asset Management, cutting an estimated $8.73M.

  • 161 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2018, up from 137 in Q4 2017.
  • Funds reported $830M of PennyMac Mortgage Investment stock for Q1 2018, up 26% quarter-over-quarter.
  • 46 funds opened new PennyMac Mortgage Investment positions in Q1 2018 and 22 closed out, a net change of +24 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2018 was BlackRock, an estimated $58.8M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2018 was Wolverine Asset Management, an estimated $8.73M sold.

Based on aggregated 13F filings for Q1 2018.