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PMT

PennyMac Mortgage Investment

150 hedge funds and large institutions have $620M invested in PennyMac Mortgage Investment in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 54 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 54

2.61% less ownership

Funds ownership: 65.96%63.35% (-2.6%)

6% less funds holding

Funds holding: 160150 (-10)

16% less call options, than puts

Call options by funds: $2.08M | Put options by funds: $2.49M

16% less capital invested

Capital invested by funds: $742M → $620M (-$122M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

Holders
150
Holders Change
-10
Holders Change %
-6.25%
% of All Funds
4%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
18
Increased
51
Reduced
54
Closed
28
Calls
$2.08M
Puts
$2.49M
Net Calls
-$407K
Net Calls Change
+$1.67M
Name Holding Trade Value Shares
Change
Change in
Stake
OA
76
Omega Advisors
New York
$682K
State Board of Administration of Florida Retirement System
77
State Board of Administration of Florida Retirement System
Florida
$674K
PG
78
PEAK6 Group
Illinois
$671K +$652K +49,192 New
Manulife (Manufacturers Life Insurance)
79
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$664K +$10.7K +805 +2%
NFA
80
Nationwide Fund Advisors
Ohio
$642K -$17.5K -1,322 -3%
Neuberger Berman Group
81
Neuberger Berman Group
New York
$638K +$620K +46,743 New
CS
82
Credit Suisse
Switzerland
$612K -$1.65M -124,291 -73%
AIG
83
American International Group
New York
$610K -$16.9K -1,277 -3%
WT
84
Whittier Trust
California
$591K -$62.1K -4,685 -10%
CC
85
Cipher Capital
New York
$554K +$258K +19,495 +92%
WS
86
Wedbush Securities
California
$532K -$21.5K -1,621 -4%
Los Angeles Capital Management
87
Los Angeles Capital Management
California
$528K +$307K +23,170 +149%
WFI
88
West Family Investments
California
$484K
VOYA Investment Management
89
VOYA Investment Management
Georgia
$426K
HighTower Advisors
90
HighTower Advisors
Illinois
$408K +$395K +29,788 New
T. Rowe Price Associates
91
T. Rowe Price Associates
Maryland
$398K
SG Americas Securities
92
SG Americas Securities
New York
$395K +$59.7K +4,506 +18%
FMT
93
First Mercantile Trust
Tennessee
$394K -$143K -10,765 -27%
PAM
94
Princeton Alpha Management
New Jersey
$388K +$377K +28,461 New
Stifel Financial
95
Stifel Financial
Missouri
$369K +$87.1K +6,567 +32%
MF
96
Magnetar Financial
Illinois
$359K +$3.39K +256 +1%
BA
97
BlackRock Advisors
Delaware
$353K
Janney Montgomery Scott
98
Janney Montgomery Scott
Pennsylvania
$326K -$17.8K -1,343 -5%
SO
99
STRS Ohio
Ohio
$325K
RJA
100
Raymond James & Associates
Florida
$317K +$63.3K +4,776 +26%

PMT Hedge Fund Activity: Q1 2016 in Review

150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2016, worth a combined $620M — down 16% from $742M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PMT and 18 opened new positions — a net loss of 10 holders — while 54 trimmed existing stakes and 51 added.

The largest buyer was Bank of America, adding an estimated $17.4M. The largest seller was Long Pond Capital, exiting entirely with an estimated $32.9M sold.

  • 150 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2016, down from 160 in Q4 2015.
  • Funds reported $620M of PennyMac Mortgage Investment stock for Q1 2016, down 16% quarter-over-quarter.
  • 18 funds opened new PennyMac Mortgage Investment positions in Q1 2016 and 28 closed out, a net change of -10 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2016 was Bank of America, an estimated $17.4M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2016 was Long Pond Capital, an estimated $32.9M sold.

Based on aggregated 13F filings for Q1 2016.