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PMT

PennyMac Mortgage Investment
PMT

183 hedge funds and large institutions have $2.05B invested in PennyMac Mortgage Investment in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 44 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

202% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $5.12M

100% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 16

64% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 44

25% more funds holding in top 10

Funds holding in top 10: 8 → 10 (+2)

13.23% more ownership

Funds ownership: 71.09% → 84.32% (+13%)

11% more capital invested

Capital invested by funds: $1.84B → $2.05B (+$204M)

8% more funds holding

Funds holding: 170 → 183 (+13)

Holders
183
Holders Change
+13
Holders Change %
+7.65%
% of All Funds
5.29%
Holding in Top 10
10
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+25%
% of All Funds
0.29%
New
32
Increased
72
Reduced
44
Closed
16
Calls
$15.4M
Puts
$5.12M
Net Calls
+$10.3M
Net Calls Change
+$965K

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$191M
2
IG
ING Group
Netherlands
+$14.9M
3
DFG
Delphi Financial Group
Delaware
+$12.9M
4
Millennium Management
Millennium Management
New York
+$11.4M
5
CCP
Clough Capital Partners
Massachusetts
+$10.9M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
-$28M
2
SM
Senvest Management
New York
-$17.9M
3
PRCM
Pine River Capital Management
Minnesota
-$15.1M
4
GA
GRS Advisors
Illinois
-$10.6M
5
NGA
New Generation Advisors
Massachusetts
-$8.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
76
Sandler Capital Management
New York
$2.49M -$47.3K -2,000 -2%
Prudential Financial
77
Prudential Financial
New Jersey
$2.32M -$2.36K -100 -0.1%
PP
78
PDT Partners
New York
$2.21M +$2.19M +92,674 New
RhumbLine Advisers
79
RhumbLine Advisers
Massachusetts
$2.09M -$39.5K -1,670 -2%
Swiss National Bank
80
Swiss National Bank
Switzerland
$1.81M +$421K +17,800 +31%
SAM
81
Shell Asset Management
Netherlands
$1.8M -$7.21K -305 -0.4%
MWR
82
McAdams Wright Ragen
Washington
$1.75M +$2.36K +100 +0.1%
ProShare Advisors
83
ProShare Advisors
Maryland
$1.7M +$1.68M +71,248 New
UM
84
Ulysses Management
New York
$1.55M – – –
NGA
85
New Generation Advisors
Massachusetts
$1.55M -$8.93M -378,100 -85%
WC
86
Woodstock Corp
Massachusetts
$1.52M +$169K +7,150 +13%
Fifth Third Bancorp
87
Fifth Third Bancorp
Ohio
$1.37M +$14.9K +630 +1%
RFC
88
Regions Financial Corp
Alabama
$1.35M +$181K +7,678 +16%
MLICM
89
Metropolitan Life Insurance Company (MetLife)
New York
$1.35M – – –
MPAM
90
Monarch Partners Asset Management
Massachusetts
$1.32M -$706K -29,891 -35%
CIBC World Market
91
CIBC World Market
Ontario, Canada
$1.32M +$1.3M +55,123 New
RFC
92
Russell Frank Company
Washington
$1.31M +$27.5K +1,165 +2%
FMT
93
First Mercantile Trust
Tennessee
$1.3M -$123K -5,200 -9%
WT
94
Whittier Trust
California
$1.22M +$39.7K +1,680 +3%
IA
95
IndexIQ Advisors
New York
$1.22M +$235K +9,952 +24%
State Board of Administration of Florida Retirement System
96
State Board of Administration of Florida Retirement System
Florida
$1.19M – – –
PPA
97
Parametric Portfolio Associates
Washington
$1.17M +$67.8K +2,871 +6%
AIG
98
American International Group
New York
$1.17M +$2.36K +100 +0.2%
BA
99
BlackRock Advisors
Delaware
$1.13M +$311K +13,141 +39%
MAA
100
Managed Account Advisors
New Jersey
$1.1M +$259K +10,981 +32%
2 3
4
5 6

PMT Hedge Fund Activity: Q1 2014 in Review

183 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2014, worth a combined $2.05B — up 11% from $1.84B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new PMT positions and 16 closed out — a net gain of 16 holders — while 72 added to existing stakes and 44 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $191M. The largest seller was Hayman Capital Management, cutting an estimated $28M.

  • 183 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2014, up from 170 in Q4 2013.
  • Funds reported $2.05B of PennyMac Mortgage Investment stock for Q1 2014, up 11% quarter-over-quarter.
  • 32 funds opened new PennyMac Mortgage Investment positions in Q1 2014 and 16 closed out, a net change of +16 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $191M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2014 was Hayman Capital Management, an estimated $28M sold.

Based on aggregated 13F filings for Q1 2014.