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PMT

PennyMac Mortgage Investment
PMT

154 hedge funds and large institutions have $755M invested in PennyMac Mortgage Investment in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 54 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.89% more ownership

Funds ownership: 59.13% → 65.02% (+5.9%)

4% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 54

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 158 → 154 (-4)

7% less capital invested

Capital invested by funds: $809M → $755M (-$53.8M)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

73% less call options, than puts

Call options by funds: $515K | Put options by funds: $1.93M

Holders
154
Holders Change
-4
Holders Change %
-2.53%
% of All Funds
3.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
14
Increased
56
Reduced
54
Closed
18
Calls
$515K
Puts
$1.93M
Net Calls
-$1.41M
Net Calls Change
-$464K

Top Buyers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
+$10M
2
WAM
Wolverine Asset Management
Illinois
+$8.15M
3
UBS Group
UBS Group
Switzerland
+$6.5M
4
Goldman Sachs
Goldman Sachs
New York
+$3.12M
5
Millennium Management
Millennium Management
New York
+$2.94M

Top Sellers

Rank Fund Capital Flow
1
DFG
Delphi Financial Group
Delaware
-$13.8M
2
HCM
Highfields Capital Management
Massachusetts
-$9.14M
3
CCP
Clough Capital Partners
Massachusetts
-$8.48M
4
Norges Bank
Norges Bank
Norway
-$3.76M
5
AM
Ares Management
California
-$3.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIG
76
American International Group
New York
$770K +$57.6K +3,309 +8%
KAM
77
Kazazian Asset Management
Florida
$731K – – –
Envestnet Asset Management
78
Envestnet Asset Management
Illinois
$714K -$23K -1,322 -3%
WS
79
Wedbush Securities
California
$694K +$13.2K +759 +2%
JG
80
Jefferies Group
New York
$661K -$71.9K -4,127 -10%
NFA
81
Nationwide Fund Advisors
Ohio
$635K -$49.1K -2,818 -7%
MF
82
Magnetar Financial
Illinois
$624K +$415K +23,851 +198%
Wolverine Trading
83
Wolverine Trading
Illinois
$623K +$290K +16,647 +87%
VOYA Investment Management
84
VOYA Investment Management
Georgia
$588K – – –
CEP
85
Chicago Equity Partners
Illinois
$541K -$545K -31,270 -50%
Squarepoint
86
Squarepoint
New York
$513K -$248K -14,255 -33%
Royal Bank of Canada
87
Royal Bank of Canada
Ontario, Canada
$511K +$241K +13,841 +89%
T. Rowe Price Associates
88
T. Rowe Price Associates
Maryland
$508K – – –
CSS
89
Cubist Systematic Strategies
Connecticut
$480K +$481K +27,616 New
Janney Montgomery Scott
90
Janney Montgomery Scott
Pennsylvania
$473K +$79.4K +4,557 +20%
SCM
91
Stevens Capital Management
Pennsylvania
$439K -$58.8K -3,375 -12%
RJFSA
92
Raymond James Financial Services Advisors
Florida
$351K -$16.5K -945 -4%
OC
93
Oppenheimer & Co
New York
$339K -$11.7K -670 -3%
SO
94
STRS Ohio
Ohio
$333K – – –
EWM
95
Edge Wealth Management
New York
$332K -$226K -12,959 -40%
Baird Financial Group
96
Baird Financial Group
Wisconsin
$332K -$33.8K -1,943 -9%
HI
97
HBK Investments
Texas
$320K +$83.6K +4,800 +35%
FIM
98
Freedom Investment Management
Connecticut
$316K +$62.3K +3,575 +25%
TCM
99
Trafelet Capital Management
New York
$315K +$315K +18,100 New
Mackenzie Financial
100
Mackenzie Financial
Ontario, Canada
$309K +$126K +7,219 +69%
2 3
4
5 6

PMT Hedge Fund Activity: Q3 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2017, worth a combined $755M — down 6.6% from $809M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PMT and 14 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 56 added.

The largest buyer was First Trust Advisors, adding an estimated $10M. The largest seller was Delphi Financial Group, cutting an estimated $13.8M.

  • 154 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2017, down from 158 in Q2 2017.
  • Funds reported $755M of PennyMac Mortgage Investment stock for Q3 2017, down 6.6% quarter-over-quarter.
  • 14 funds opened new PennyMac Mortgage Investment positions in Q3 2017 and 18 closed out, a net change of -4 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2017 was First Trust Advisors, an estimated $10M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2017 was Delphi Financial Group, an estimated $13.8M sold.

Based on aggregated 13F filings for Q3 2017.