PennyMac Mortgage Investment
PMT
186 hedge funds and large institutions have $751M invested in PennyMac Mortgage Investment in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 66 increasing their positions, 71 reducing their positions, and 28 closing their positions.
0.88% less ownership
Funds ownership: 69.35% → 68.47% (-0.88%)
2% less capital invested
Capital invested by funds: $766M → $751M (-$15.1M)
7% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 71
6% less funds holding
Funds holding: 197 → 186 (-11)
29% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 28
42% less call options, than puts
Call options by funds: $5.19M | Put options by funds: $8.99M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$11.3M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$8.44M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$7.15M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.9M |
| 5 |
JP Morgan Chase
New York
|
+$4.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$17.9M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$11.1M |
| 3 |
Goldman Sachs
New York
|
-$5.76M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$4.75M |
| 5 |
Millennium Management
New York
|
-$3.44M |
PMT Hedge Fund Activity: Q1 2023 in Review
186 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2023, worth a combined $751M — down 2% from $766M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PMT and 20 opened new positions — a net loss of 8 holders — while 71 trimmed existing stakes and 66 added.
The largest buyer was K2 Principal Fund, opening a new position worth an estimated $11.3M. The largest seller was Caption Management, exiting entirely with an estimated $17.9M sold.
- 186 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2023, down from 197 in Q4 2022.
- Funds reported $751M of PennyMac Mortgage Investment stock for Q1 2023, down 2% quarter-over-quarter.
- 20 funds opened new PennyMac Mortgage Investment positions in Q1 2023 and 28 closed out, a net change of -8 holders.
- The largest PennyMac Mortgage Investment buyer in Q1 2023 was K2 Principal Fund, an estimated $11.3M added.
- The largest PennyMac Mortgage Investment seller in Q1 2023 was Caption Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2023.