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PMT

PennyMac Mortgage Investment
PMT

184 hedge funds and large institutions have $1.33B invested in PennyMac Mortgage Investment in 2020 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 65 increasing their positions, 62 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

70% more capital invested

Capital invested by funds: $783M → $1.33B (+$551M)

2.71% more ownership

Funds ownership: 73.48% → 76.2% (+2.7%)

5% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 62

10% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 41

4% less funds holding

Funds holding: 191 → 184 (-7)

16% less call options, than puts

Call options by funds: $11M | Put options by funds: $13.1M

Holders
184
Holders Change
-7
Holders Change %
-3.66%
% of All Funds
3.77%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
37
Increased
65
Reduced
62
Closed
41
Calls
$11M
Puts
$13.1M
Net Calls
-$2.13M
Net Calls Change
-$2.46M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$44.6M
2
SM
Senvest Management
New York
+$21M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$10.2M
4
CS
Credit Suisse
Switzerland
+$7.27M
5
Citadel Advisors
Citadel Advisors
Florida
+$7.17M

Top Sellers

Rank Fund Capital Flow
1
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$18.6M
2
Invesco
Invesco
Georgia
-$13.1M
3
American Century Companies
American Century Companies
Missouri
-$11.4M
4
WAM
Wolverine Asset Management
Illinois
-$8.69M
5
Goldman Sachs
Goldman Sachs
New York
-$7.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Tennessee, Department of Treasury
76
State of Tennessee, Department of Treasury
Tennessee
$1.02M -$60.5K -5,040 -8%
Citigroup
77
Citigroup
New York
$977K -$52.5K -4,378 -7%
Jane Street
78
Jane Street
New York
$973K +$205K +17,112 +45%
Stifel Financial
79
Stifel Financial
Missouri
$931K -$166K -13,798 -21%
State Board of Administration of Florida Retirement System
80
State Board of Administration of Florida Retirement System
Florida
$923K – – –
Russell Investments Group
81
Russell Investments Group
United Kingdom
$912K -$165K -13,724 -21%
COPPSERS
82
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$881K -$1.75K -146 -0.3%
ECM
83
ExodusPoint Capital Management
New York
$865K +$592K +49,346 New
Millennium Management
84
Millennium Management
New York
$811K +$411K +34,223 +284%
WFI
85
West Family Investments
California
$791K – – –
FM
86
Family Management
New York
$771K +$528K +43,995 New
CSS
87
Cubist Systematic Strategies
Connecticut
$760K -$476K -39,639 -48%
MIM
88
MetLife Investment Management
New Jersey
$757K – – –
PAM
89
Panagora Asset Management
Massachusetts
$749K -$208K -17,320 -29%
IA
90
IndexIQ Advisors
New York
$742K -$94.6K -7,883 -16%
IAN
91
Integrated Advisors Network
Texas
$709K +$432 +36 +0.1%
OPERF
92
Oregon Public Employees Retirement Fund
Oregon
$703K – – –
EMG
93
Ellington Management Group
Connecticut
$701K +$480K +40,000 New
MSA
94
Mason Street Advisors
Wisconsin
$657K +$31.3K +2,609 +7%
CF
95
Centaurus Financial
California
$649K +$228K +18,998 +106%
Nisa Investment Advisors
96
Nisa Investment Advisors
Missouri
$626K -$173K -14,411 -29%
VOYA Investment Management
97
VOYA Investment Management
Georgia
$605K -$113K -9,439 -21%
First Trust Advisors
98
First Trust Advisors
Illinois
$600K -$4.16M -346,599 -91%
Two Sigma Advisers
99
Two Sigma Advisers
New York
$590K -$592K -49,300 -59%
Janney Montgomery Scott
100
Janney Montgomery Scott
Pennsylvania
$560K +$22.3K +1,862 +6%
2 3
4
5 6

PMT Hedge Fund Activity: Q2 2020 in Review

184 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q2 2020, worth a combined $1.33B — up 70% from $783M a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of PMT and 37 opened new positions — a net loss of 4 holders — while 62 trimmed existing stakes and 65 added.

The largest buyer was Morgan Stanley, adding an estimated $44.6M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $18.6M sold.

  • 184 institutional investors held PennyMac Mortgage Investment (PMT) as of Q2 2020, down from 191 in Q1 2020.
  • Funds reported $1.33B of PennyMac Mortgage Investment stock for Q2 2020, up 70% quarter-over-quarter.
  • 37 funds opened new PennyMac Mortgage Investment positions in Q2 2020 and 41 closed out, a net change of -4 holders.
  • The largest PennyMac Mortgage Investment buyer in Q2 2020 was Morgan Stanley, an estimated $44.6M added.
  • The largest PennyMac Mortgage Investment seller in Q2 2020 was Mirae Asset Global Investments, an estimated $18.6M sold.

Based on aggregated 13F filings for Q2 2020.