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PMT

PennyMac Mortgage Investment
PMT

183 hedge funds and large institutions have $2.05B invested in PennyMac Mortgage Investment in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 44 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

202% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $5.12M

100% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 16

64% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 44

25% more funds holding in top 10

Funds holding in top 10: 8 → 10 (+2)

13.23% more ownership

Funds ownership: 71.09% → 84.32% (+13%)

11% more capital invested

Capital invested by funds: $1.84B → $2.05B (+$204M)

8% more funds holding

Funds holding: 170 → 183 (+13)

Holders
183
Holders Change
+13
Holders Change %
+7.65%
% of All Funds
5.29%
Holding in Top 10
10
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+25%
% of All Funds
0.29%
New
32
Increased
72
Reduced
44
Closed
16
Calls
$15.4M
Puts
$5.12M
Net Calls
+$10.3M
Net Calls Change
+$965K

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$191M
2
IG
ING Group
Netherlands
+$14.9M
3
DFG
Delphi Financial Group
Delaware
+$12.9M
4
Millennium Management
Millennium Management
New York
+$11.4M
5
CCP
Clough Capital Partners
Massachusetts
+$10.9M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
-$28M
2
SM
Senvest Management
New York
-$17.9M
3
PRCM
Pine River Capital Management
Minnesota
-$15.1M
4
GA
GRS Advisors
Illinois
-$10.6M
5
NGA
New Generation Advisors
Massachusetts
-$8.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
101
Citigroup
New York
$974K -$289K -12,217 -23%
WFG
102
Wills Financial Group
Virginia
$967K +$102K +4,300 +12%
NCCM
103
Nine Chapters Capital Management
New Jersey
$956K +$945K +40,000 New
VOYA Investment Management
104
VOYA Investment Management
Georgia
$882K – – –
CC
105
Curian Capital
Colorado
$866K -$18.7K -791 -2%
PI
106
Placemark Investments
Illinois
$839K +$86.9K +3,677 +12%
MVP
107
Miller Value Partners
Florida
$837K +$827K +35,000 New
Axa
108
Axa
France
$700K – – –
T. Rowe Price Associates
109
T. Rowe Price Associates
Maryland
$693K – – –
CPO
110
Cerity Partners OCIO
New York
$692K +$97.7K +4,134 +17%
EWM
111
Edge Wealth Management
New York
$681K -$82.5K -3,493 -11%
B
112
Baird
Wisconsin
$624K +$38.4K +1,623 +7%
SO
113
STRS Ohio
Ohio
$602K -$40.2K -1,700 -6%
CAM
114
Cortina Asset Management
Wisconsin
$588K +$82.1K +3,475 +16%
GC
115
Guggenheim Capital
Illinois
$556K -$73.4K -3,108 -12%
US Bancorp
116
US Bancorp
Minnesota
$538K +$20.3K +857 +4%
Royal Bank of Canada
117
Royal Bank of Canada
Ontario, Canada
$538K +$187K +7,905 +54%
PAA
118
Peregrine Asset Advisers
Oregon
$535K – – –
OC
119
Oppenheimer & Co
New York
$534K +$107K +4,513 +25%
Credit Agricole
120
Credit Agricole
France
$533K +$355K +15,013 +206%
UBS AM
121
UBS AM
Illinois
$526K +$26K +1,100 +5%
Principal Financial Group
122
Principal Financial Group
Iowa
$500K +$91K +3,850 +23%
ARC
123
Absolute Return Capital
Massachusetts
$495K +$489K +20,708 New
Janney Montgomery Scott
124
Janney Montgomery Scott
Pennsylvania
$494K +$121K +5,128 +33%
OWIM
125
Old West Investment Management
California
$478K – – –
3 4
5
6 7

PMT Hedge Fund Activity: Q1 2014 in Review

183 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2014, worth a combined $2.05B — up 11% from $1.84B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new PMT positions and 16 closed out — a net gain of 16 holders — while 72 added to existing stakes and 44 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $191M. The largest seller was Hayman Capital Management, cutting an estimated $28M.

  • 183 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2014, up from 170 in Q4 2013.
  • Funds reported $2.05B of PennyMac Mortgage Investment stock for Q1 2014, up 11% quarter-over-quarter.
  • 32 funds opened new PennyMac Mortgage Investment positions in Q1 2014 and 16 closed out, a net change of +16 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $191M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2014 was Hayman Capital Management, an estimated $28M sold.

Based on aggregated 13F filings for Q1 2014.