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PMT

PennyMac Mortgage Investment
PMT

163 hedge funds and large institutions have $1.52B invested in PennyMac Mortgage Investment in 2013 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 69 increasing their positions, 37 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

280% more call options, than puts

Call options by funds: $22.3M | Put options by funds: $5.85M

86% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 37

25% more capital invested

Capital invested by funds: $1.22B → $1.52B (+$304M)

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

2.95% more ownership

Funds ownership: 62.14% → 65.09% (+3%)

2% more funds holding

Funds holding: 160 → 163 (+3)

Holders
163
Holders Change
+3
Holders Change %
+1.88%
% of All Funds
5.29%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.23%
New
27
Increased
69
Reduced
37
Closed
22
Calls
$22.3M
Puts
$5.85M
Net Calls
+$16.4M
Net Calls Change
+$16.1M

Top Buyers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
+$78M
2
CLG
Cooperman Leon G
+$42.9M
3
PRCM
Pine River Capital Management
Minnesota
+$35.1M
4
Wells Fargo
Wells Fargo
California
+$27.7M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$14.5M

Top Sellers

Rank Fund Capital Flow
1
HCM
Highbridge Capital Management
New York
-$43.9M
2
SC
Seawolf Capital
New York
-$10.6M
3
BCM
Basswood Capital Management
New York
-$8.17M
4
FCH
Freestone Capital Holdings
Washington
-$5.83M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$5.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
76
Highbridge Capital Management
New York
$1.3M -$43.9M -2,009,842 -97%
MLICM
77
Metropolitan Life Insurance Company (MetLife)
New York
$1.28M +$169K +7,739 +16%
UM
78
Ulysses Management
New York
$1.25M +$1.2M +55,000 New
Comerica Bank
79
Comerica Bank
Texas
$1.19M -$653K -29,878 -36%
RFC
80
Regions Financial Corp
Alabama
$1.16M +$17.3K +791 +2%
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$1.13M – – –
ARTA
82
A.R.T. Advisors
New York
$1.1M +$1.06M +48,594 New
WT
83
Whittier Trust
California
$1.08M – – –
NFA
84
Nationwide Fund Advisors
Ohio
$1.06M – – –
FMT
85
First Mercantile Trust
Tennessee
$1.05M +$1.02M +46,500 New
PP
86
PDT Partners
New York
$1.05M +$1.01M +46,282 New
ProShare Advisors
87
ProShare Advisors
Maryland
$1.01M +$147K +6,737 +18%
Royal Bank of Canada
88
Royal Bank of Canada
Ontario, Canada
$969K +$236K +10,788 +34%
AIG
89
American International Group
New York
$933K -$24.6K -1,128 -3%
SONJCPFA
90
State of New Jersey Common Pension Fund A
New Jersey
$907K – – –
MAA
91
Managed Account Advisors
New Jersey
$877K +$14.8K +676 +2%
BCM
92
Basswood Capital Management
New York
$867K -$8.17M -374,029 -91%
WC
93
Woodstock Corp
Massachusetts
$858K +$150K +6,870 +22%
PPA
94
Parametric Portfolio Associates
Washington
$857K +$309K +14,146 +60%
IA
95
IndexIQ Advisors
New York
$845K -$279K -12,782 -26%
VOYA Investment Management
96
VOYA Investment Management
Georgia
$837K – – –
GXMC
97
Global X Management Company
New York
$836K +$149K +6,812 +23%
CC
98
Curian Capital
Colorado
$819K -$39.8K -1,824 -5%
BNP Paribas Financial Markets
99
BNP Paribas Financial Markets
France
$781K +$309K +14,142 +70%
BA
100
BlackRock Advisors
Delaware
$773K – – –
2 3
4
5 6

PMT Hedge Fund Activity: Q3 2013 in Review

163 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2013, worth a combined $1.52B — up 25% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PMT positions and 22 closed out — a net gain of 5 holders — while 69 added to existing stakes and 37 trimmed.

The largest buyer was Hayman Capital Management, opening a new position worth an estimated $78M. The largest seller was Highbridge Capital Management, cutting an estimated $43.9M.

  • 163 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2013, up from 160 in Q2 2013.
  • Funds reported $1.52B of PennyMac Mortgage Investment stock for Q3 2013, up 25% quarter-over-quarter.
  • 27 funds opened new PennyMac Mortgage Investment positions in Q3 2013 and 22 closed out, a net change of +5 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2013 was Hayman Capital Management, an estimated $78M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2013 was Highbridge Capital Management, an estimated $43.9M sold.

Based on aggregated 13F filings for Q3 2013.