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PMT

PennyMac Mortgage Investment
PMT

191 hedge funds and large institutions have $783M invested in PennyMac Mortgage Investment in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 84 increasing their positions, 62 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 62

7% more call options, than puts

Call options by funds: $5.1M | Put options by funds: $4.77M

0.22% more ownership

Funds ownership: 73.26% → 73.48% (+0.22%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

16% less funds holding

Funds holding: 227 → 191 (-36)

52% less capital invested

Capital invested by funds: $1.64B → $783M (-$854M)

58% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 57

Holders
191
Holders Change
-36
Holders Change %
-15.86%
% of All Funds
4.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
24
Increased
84
Reduced
62
Closed
57
Calls
$5.1M
Puts
$4.77M
Net Calls
+$330K
Net Calls Change
+$19.4M

Top Buyers

Rank Fund Capital Flow
1
SM
Senvest Management
New York
+$40.7M
2
Goldman Sachs
Goldman Sachs
New York
+$36.4M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$18.2M
4
WAM
Wolverine Asset Management
Illinois
+$15M
5
State Street
State Street
Massachusetts
+$11.6M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$37.4M
2
CCP
Clough Capital Partners
Massachusetts
-$22.3M
3
Renaissance Technologies
Renaissance Technologies
New York
-$17.3M
4
Millennium Management
Millennium Management
New York
-$11.3M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$8.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$1.6M +$259K +13,120 +10%
LPL Financial
52
LPL Financial
California
$1.55M +$223K +11,279 +8%
Victory Capital Management
53
Victory Capital Management
Texas
$1.54M +$1.7M +86,270 +148%
GIM
54
Greenwich Investment Management
Connecticut
$1.5M +$375K +19,000 +16%
Ensign Peak Advisors
55
Ensign Peak Advisors
Utah
$1.49M +$1.17M +59,200 +73%
Deutsche Bank
56
Deutsche Bank
Germany
$1.42M -$972K -49,250 -27%
Nomura Asset Management
57
Nomura Asset Management
Japan
$1.42M +$63.2K +3,200 +2%
Canada Life
58
Canada Life
Manitoba, Canada
$1.36M +$119K +6,014 +5%
BNP Paribas Financial Markets
59
BNP Paribas Financial Markets
France
$1.34M +$1.76M +89,264 +240%
UBS AM
60
UBS AM
Illinois
$1.33M +$456K +23,104 +23%
AAMU
61
Amundi Asset Management US
Massachusetts
$1.25M – – –
State of New Jersey Common Pension Fund D
62
State of New Jersey Common Pension Fund D
New Jersey
$1.03M – – –
EMFAT
63
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.03M +$1.91M +96,740 New
Comerica Bank
64
Comerica Bank
Texas
$1.02M +$66.4K +3,363 +3%
New York State Teachers Retirement System (NYSTRS)
65
New York State Teachers Retirement System (NYSTRS)
New York
$1M +$134K +6,800 +8%
SOADOR
66
State of Alaska Department of Revenue
Alaska
$943K +$303K +15,355 +21%
AG
67
Aperio Group
California
$913K +$1.12M +56,626 +193%
AQR Capital Management
68
AQR Capital Management
Connecticut
$907K -$110K -5,584 -6%
TPSF
69
Texas Permanent School Fund
Texas
$906K +$331K +16,789 +25%
Thrivent Financial for Lutherans
70
Thrivent Financial for Lutherans
Minnesota
$892K +$82.7K +4,189 +5%
CSS
71
Cubist Systematic Strategies
Connecticut
$882K +$369K +18,672 +29%
Two Sigma Advisers
72
Two Sigma Advisers
New York
$881K +$1.64M +82,937 New
VRS
73
Virginia Retirement Systems
Virginia
$880K +$107K +5,400 +7%
Barclays
74
Barclays
United Kingdom
$878K -$1.3M -65,616 -44%
New York State Common Retirement Fund
75
New York State Common Retirement Fund
New York
$874K – – –
1 2
3
4 5

PMT Hedge Fund Activity: Q1 2020 in Review

191 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2020, worth a combined $783M — down 52% from $1.64B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of PMT and 24 opened new positions — a net loss of 33 holders — while 62 trimmed existing stakes and 84 added.

The largest buyer was Senvest Management, opening a new position worth an estimated $40.7M. The largest seller was UBS Group, cutting an estimated $37.4M.

  • 191 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2020, down from 227 in Q4 2019.
  • Funds reported $783M of PennyMac Mortgage Investment stock for Q1 2020, down 52% quarter-over-quarter.
  • 24 funds opened new PennyMac Mortgage Investment positions in Q1 2020 and 57 closed out, a net change of -33 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2020 was Senvest Management, an estimated $40.7M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2020 was UBS Group, an estimated $37.4M sold.

Based on aggregated 13F filings for Q1 2020.