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PMT

PennyMac Mortgage Investment
PMT

170 hedge funds and large institutions have $1.84B invested in PennyMac Mortgage Investment in 2013 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more call options, than puts

Call options by funds: $16.6M | Put options by funds: $7.29M

36% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 22

21% more capital invested

Capital invested by funds: $1.52B → $1.84B (+$319M)

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

6% more ownership

Funds ownership: 65.09% → 71.09% (+6%)

4% more funds holding

Funds holding: 163 → 170 (+7)

4% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 55

Holders
170
Holders Change
+7
Holders Change %
+4.29%
% of All Funds
4.93%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.23%
New
30
Increased
57
Reduced
55
Closed
22
Calls
$16.6M
Puts
$7.29M
Net Calls
+$9.35M
Net Calls Change
-$7.06M

Top Buyers

Rank Fund Capital Flow
1
DFG
Delphi Financial Group
Delaware
+$26.7M
2
Wells Fargo
Wells Fargo
California
+$18.5M
3
NIMC
NWQ Investment Management Company
California
+$15.5M
4
Ameriprise
Ameriprise
Minnesota
+$11.4M
5
Morgan Stanley
Morgan Stanley
New York
+$11.1M

Top Sellers

Rank Fund Capital Flow
1
PRCM
Pine River Capital Management
Minnesota
-$21.4M
2
LPC
Long Pond Capital
New York
-$16.9M
3
GA
GRS Advisors
Illinois
-$6.79M
4
Barclays
Barclays
United Kingdom
-$4.99M
5
AC
Ascend Capital
California
-$4.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
101
Prelude Capital Management
New York
$778K +$766K +33,900 New
PI
102
Placemark Investments
Illinois
$722K +$89.9K +3,975 +14%
Axa
103
Axa
France
$673K – – –
T. Rowe Price Associates
104
T. Rowe Price Associates
Maryland
$666K +$335K +14,800 +104%
SO
105
STRS Ohio
Ohio
$618K -$113K -5,000 -16%
HI
106
HBK Investments
Texas
$614K -$2.69M -118,807 -82%
GC
107
Guggenheim Capital
Illinois
$605K +$28.5K +1,262 +5%
Comerica Bank
108
Comerica Bank
Texas
$592K -$598K -26,447 -51%
CPO
109
Cerity Partners OCIO
New York
$570K +$561K +24,822 New
B
110
Baird
Wisconsin
$563K +$7.73K +342 +1%
Barclays
111
Barclays
United Kingdom
$530K -$4.99M -220,705 -90%
PAA
112
Peregrine Asset Advisers
Oregon
$514K -$4.52K -200 -0.9%
US Bancorp
113
US Bancorp
Minnesota
$496K +$34.9K +1,543 +8%
CAM
114
Cortina Asset Management
Wisconsin
$485K +$105K +4,638 +28%
UBS AM
115
UBS AM
Illinois
$480K -$4.52K -200 -0.9%
OWIM
116
Old West Investment Management
California
$459K – – –
Natixis Advisors
117
Natixis Advisors
Massachusetts
$439K -$17.1K -756 -4%
IAM
118
Integre Asset Management
New York
$423K +$46.9K +2,074 +13%
Nisa Investment Advisors
119
Nisa Investment Advisors
Missouri
$413K +$147K +6,500 +57%
OC
120
Oppenheimer & Co
New York
$409K +$8.19K +362 +2%
V
121
Veritable
Delaware
$395K -$141K -6,255 -27%
Principal Financial Group
122
Principal Financial Group
Iowa
$392K -$7.12K -315 -2%
WRM
123
Westport Resources Management
Connecticut
$375K -$72.4K -3,200 -16%
Janney Montgomery Scott
124
Janney Montgomery Scott
Pennsylvania
$357K +$23.2K +1,024 +7%
First Trust Advisors
125
First Trust Advisors
Illinois
$356K +$350K +15,501 New
3 4
5
6 7

PMT Hedge Fund Activity: Q4 2013 in Review

170 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2013, worth a combined $1.84B — up 21% from $1.52B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PMT positions and 22 closed out — a net gain of 8 holders — while 57 added to existing stakes and 55 trimmed.

The largest buyer was Delphi Financial Group, opening a new position worth an estimated $26.7M. The largest seller was Pine River Capital Management, cutting an estimated $21.4M.

  • 170 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2013, up from 163 in Q3 2013.
  • Funds reported $1.84B of PennyMac Mortgage Investment stock for Q4 2013, up 21% quarter-over-quarter.
  • 30 funds opened new PennyMac Mortgage Investment positions in Q4 2013 and 22 closed out, a net change of +8 holders.
  • The largest PennyMac Mortgage Investment buyer in Q4 2013 was Delphi Financial Group, an estimated $26.7M added.
  • The largest PennyMac Mortgage Investment seller in Q4 2013 was Pine River Capital Management, an estimated $21.4M sold.

Based on aggregated 13F filings for Q4 2013.