PennyMac Mortgage Investment
PMT
173 hedge funds and large institutions have $1.11B invested in PennyMac Mortgage Investment in 2014 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 62 increasing their positions, 57 reducing their positions, and 24 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 57
4% less capital invested
Capital invested by funds: $1.17B → $1.11B (-$51.9M)
1.63% less ownership
Funds ownership: 71.76% → 70.12% (-1.6%)
5% less funds holding
Funds holding: 182 → 173 (-9)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
48% less call options, than puts
Call options by funds: $2M | Put options by funds: $3.88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$74.3M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$17.5M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$15.1M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$5.84M |
| 5 |
Morgan Stanley
New York
|
+$5.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hayman Capital Management
Dallas,
Texas
|
-$46.2M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$20.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$17.2M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$15.9M |
| 5 |
RA
Royce & Associates
New York
|
-$8.11M |
PMT Hedge Fund Activity: Q3 2014 in Review
173 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2014, worth a combined $1.11B — down 4.5% from $1.17B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PMT and 16 opened new positions — a net loss of 8 holders — while 57 trimmed existing stakes and 62 added.
The largest buyer was EJF Capital, adding an estimated $74.3M. The largest seller was Hayman Capital Management, exiting entirely with an estimated $46.2M sold.
- 173 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2014, down from 182 in Q2 2014.
- Funds reported $1.11B of PennyMac Mortgage Investment stock for Q3 2014, down 4.5% quarter-over-quarter.
- 16 funds opened new PennyMac Mortgage Investment positions in Q3 2014 and 24 closed out, a net change of -8 holders.
- The largest PennyMac Mortgage Investment buyer in Q3 2014 was EJF Capital, an estimated $74.3M added.
- The largest PennyMac Mortgage Investment seller in Q3 2014 was Hayman Capital Management, an estimated $46.2M sold.
Based on aggregated 13F filings for Q3 2014.