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PMT

PennyMac Mortgage Investment
PMT

148 hedge funds and large institutions have $782M invested in PennyMac Mortgage Investment in 2015 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 44 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 44

2.47% less ownership

Funds ownership: 70.05% → 67.58% (-2.5%)

6% less funds holding

Funds holding: 158 → 148 (-10)

14% less capital invested

Capital invested by funds: $910M → $782M (-$128M)

28% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 29

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

67% less call options, than puts

Call options by funds: $1.58M | Put options by funds: $4.85M

Holders
148
Holders Change
-10
Holders Change %
-6.33%
% of All Funds
4.13%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.08%
New
21
Increased
52
Reduced
44
Closed
29
Calls
$1.58M
Puts
$4.85M
Net Calls
-$3.27M
Net Calls Change
-$2.56M

Top Buyers

Rank Fund Capital Flow
1
LPC
Long Pond Capital
New York
+$42.7M
2
JCM
Janney Capital Management
Pennsylvania
+$12.3M
3
RIM
RS Investment Management
California
+$11.6M
4
TIM
Thornburg Investment Management
New Mexico
+$9.63M
5
Barclays
Barclays
United Kingdom
+$7.36M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$37.2M
2
Millennium Management
Millennium Management
New York
-$30.6M
3
First Trust Advisors
First Trust Advisors
Illinois
-$14.6M
4
PRCM
Pine River Capital Management
Minnesota
-$13.8M
5
OA
Omega Advisors
New York
-$12.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
76
Envestnet Asset Management
Illinois
$1.06M +$28.8K +1,757 +3%
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$1.05M -$153K -9,318 -12%
RFC
78
Regions Financial Corp
Alabama
$997K +$10.1K +618 +1%
HighTower Advisors
79
HighTower Advisors
Illinois
$991K +$1.05M +64,091 New
Legal & General Group
80
Legal & General Group
United Kingdom
$920K +$254K +15,500 +35%
POA
81
Pergamon Offshore Advisors
New York
$846K -$557K -33,900 -38%
MLICM
82
Metropolitan Life Insurance Company (MetLife)
New York
$830K – – –
VIA
83
Vident Investment Advisory
Georgia
$799K +$413K +25,128 +95%
OWIM
84
Old West Investment Management
California
$773K +$493K +30,000 +150%
State Board of Administration of Florida Retirement System
85
State Board of Administration of Florida Retirement System
Florida
$765K – – –
NFA
86
Nationwide Fund Advisors
Ohio
$749K -$1.03M -62,900 -57%
Susquehanna International Group
87
Susquehanna International Group
Pennsylvania
$744K -$1.43M -87,011 -64%
WT
88
Whittier Trust
California
$737K – – –
UCFA
89
United Capital Financial Advisors
Texas
$725K +$769K +46,857 New
AIG
90
American International Group
New York
$712K +$37.1K +2,260 +5%
CPO
91
Cerity Partners OCIO
New York
$655K +$27.7K +1,687 +4%
PG
92
PEAK6 Group
Illinois
$644K +$684K +41,648 New
FMT
93
First Mercantile Trust
Tennessee
$629K +$10K +610 +2%
WS
94
Wedbush Securities
California
$628K +$666K +40,588 New
BA
95
BlackRock Advisors
Delaware
$607K – – –
GH
96
GAM Holding
Switzerland
$571K – – –
US Bancorp
97
US Bancorp
Minnesota
$564K +$28.9K +1,758 +5%
Tudor Investment Corp
98
Tudor Investment Corp
Connecticut
$558K +$335K +20,384 +130%
Squarepoint
99
Squarepoint
New York
$552K +$586K +35,700 New
WFI
100
West Family Investments
California
$549K +$583K +35,500 New
2 3
4
5 6

PMT Hedge Fund Activity: Q3 2015 in Review

148 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2015, worth a combined $782M — down 14% from $910M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of PMT and 21 opened new positions — a net loss of 8 holders — while 44 trimmed existing stakes and 52 added.

The largest buyer was Long Pond Capital, opening a new position worth an estimated $42.7M. The largest seller was EJF Capital, exiting entirely with an estimated $37.2M sold.

  • 148 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2015, down from 158 in Q2 2015.
  • Funds reported $782M of PennyMac Mortgage Investment stock for Q3 2015, down 14% quarter-over-quarter.
  • 21 funds opened new PennyMac Mortgage Investment positions in Q3 2015 and 29 closed out, a net change of -8 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2015 was Long Pond Capital, an estimated $42.7M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2015 was EJF Capital, an estimated $37.2M sold.

Based on aggregated 13F filings for Q3 2015.