PennyMac Mortgage Investment
PMT
137 hedge funds and large institutions have $658M invested in PennyMac Mortgage Investment in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 51 reducing their positions, and 37 closing their positions.
2.54% less ownership
Funds ownership: 65.02% → 62.48% (-2.5%)
11% less funds holding
Funds holding: 154 → 137 (-17)
13% less capital invested
Capital invested by funds: $755M → $658M (-$96.8M)
18% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 51
35% less call options, than puts
Call options by funds: $522K | Put options by funds: $801K
43% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 37
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.57M |
| 2 |
Two Sigma Investments
New York
|
+$6.45M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$5.16M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.33M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$15.9M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$11.6M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$9.27M |
| 4 |
Millennium Management
New York
|
-$5.69M |
| 5 |
Renaissance Technologies
New York
|
-$5.47M |
PMT Hedge Fund Activity: Q4 2017 in Review
137 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2017, worth a combined $658M — down 13% from $755M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PMT and 21 opened new positions — a net loss of 16 holders — while 51 trimmed existing stakes and 42 added.
The largest buyer was Wolverine Asset Management, adding an estimated $8.57M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $15.9M sold.
- 137 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2017, down from 154 in Q3 2017.
- Funds reported $658M of PennyMac Mortgage Investment stock for Q4 2017, down 13% quarter-over-quarter.
- 21 funds opened new PennyMac Mortgage Investment positions in Q4 2017 and 37 closed out, a net change of -16 holders.
- The largest PennyMac Mortgage Investment buyer in Q4 2017 was Wolverine Asset Management, an estimated $8.57M added.
- The largest PennyMac Mortgage Investment seller in Q4 2017 was Clough Capital Partners, an estimated $15.9M sold.
Based on aggregated 13F filings for Q4 2017.