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PMT

PennyMac Mortgage Investment
PMT

219 hedge funds and large institutions have $1.45B invested in PennyMac Mortgage Investment in 2019 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 106 increasing their positions, 48 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 48

68% more call options, than puts

Call options by funds: $1.47M | Put options by funds: $875K

17% more capital invested

Capital invested by funds: $1.24B → $1.45B (+$214M)

16% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 32

2% more funds holding

Funds holding: 214 → 219 (+5)

0.12% more ownership

Funds ownership: 74.37% → 74.49% (+0.12%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
219
Holders Change
+5
Holders Change %
+2.34%
% of All Funds
4.8%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
37
Increased
106
Reduced
48
Closed
32
Calls
$1.47M
Puts
$875K
Net Calls
+$598K
Net Calls Change
+$3.27M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$42.4M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$39.8M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$28.2M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$16.7M
5
CCP
Clough Capital Partners
Massachusetts
+$12.3M

Top Sellers

Rank Fund Capital Flow
1
TIM
Thornburg Investment Management
New Mexico
-$7.74M
2
Two Sigma Investments
Two Sigma Investments
New York
-$7.52M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$6.9M
4
Blackstone Inc
Blackstone Inc
New York
-$5.46M
5
MAM
Martingale Asset Management
Massachusetts
-$5.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$3M +$417K +18,925 +16%
Russell Investments Group
52
Russell Investments Group
United Kingdom
$2.92M +$578K +26,233 +25%
Barclays
53
Barclays
United Kingdom
$2.9M +$931K +42,237 +48%
Royal Bank of Canada
54
Royal Bank of Canada
Ontario, Canada
$2.87M +$123K +5,586 +5%
CEP
55
Chicago Equity Partners
Illinois
$2.55M -$304K -13,775 -11%
MWNA
56
Marshall Wace North America
New York
$2.44M +$2.42M +109,764 New
CC
57
Cipher Capital
New York
$2.33M -$2.13M -96,520 -48%
KCM
58
Kennedy Capital Management
Missouri
$2.33M +$2.31M +104,566 New
State of New Jersey Common Pension Fund D
59
State of New Jersey Common Pension Fund D
New Jersey
$2.32M +$2.3M +104,200 New
ASRS
60
Arizona State Retirement System
Arizona
$2.29M -$340K -15,404 -13%
LPL Financial
61
LPL Financial
California
$2.22M +$578K +26,195 +35%
AAMU
62
Amundi Asset Management US
Massachusetts
$2.22M – – –
Nomura Asset Management
63
Nomura Asset Management
Japan
$2.1M +$2.08M +94,500 New
PAM
64
Panagora Asset Management
Massachusetts
$2.04M -$386K -17,499 -16%
New York State Common Retirement Fund
65
New York State Common Retirement Fund
New York
$2.01M +$289K +13,100 +17%
Comerica Bank
66
Comerica Bank
Texas
$1.91M +$243K +11,008 +15%
ZIM
67
Zacks Investment Management
Illinois
$1.86M +$1.11M +50,460 +152%
New York State Teachers Retirement System (NYSTRS)
68
New York State Teachers Retirement System (NYSTRS)
New York
$1.82M +$209K +9,473 +13%
VRS
69
Virginia Retirement Systems
Virginia
$1.81M +$1.03M +46,800 +135%
Susquehanna International Group
70
Susquehanna International Group
Pennsylvania
$1.78M +$722K +32,755 +69%
Schroder Investment Management Group
71
Schroder Investment Management Group
United Kingdom
$1.66M +$74K +3,357 +5%
Stifel Financial
72
Stifel Financial
Missouri
$1.62M +$87.8K +3,980 +6%
Thrivent Financial for Lutherans
73
Thrivent Financial for Lutherans
Minnesota
$1.55M +$225K +10,182 +17%
CSS
74
Cubist Systematic Strategies
Connecticut
$1.55M -$1.54M -70,038 -50%
SCM
75
Sterling Capital Management
North Carolina
$1.52M +$294K +13,326 +24%
1 2
3
4 5

PMT Hedge Fund Activity: Q3 2019 in Review

219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2019, worth a combined $1.45B — up 17% from $1.24B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new PMT positions and 32 closed out — a net gain of 5 holders — while 106 added to existing stakes and 48 trimmed.

The largest buyer was BlackRock, adding an estimated $42.4M. The largest seller was Thornburg Investment Management, cutting an estimated $7.74M.

  • 219 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2019, up from 214 in Q2 2019.
  • Funds reported $1.45B of PennyMac Mortgage Investment stock for Q3 2019, up 17% quarter-over-quarter.
  • 37 funds opened new PennyMac Mortgage Investment positions in Q3 2019 and 32 closed out, a net change of +5 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2019 was BlackRock, an estimated $42.4M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2019 was Thornburg Investment Management, an estimated $7.74M sold.

Based on aggregated 13F filings for Q3 2019.