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PMT

PennyMac Mortgage Investment
PMT

161 hedge funds and large institutions have $830M invested in PennyMac Mortgage Investment in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 42 increasing their positions, 53 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 22

75% more call options, than puts

Call options by funds: $1.3M | Put options by funds: $743K

26% more capital invested

Capital invested by funds: $658M → $830M (+$172M)

18% more funds holding

Funds holding: 137 → 161 (+24)

13.39% more ownership

Funds ownership: 62.48% → 75.87% (+13%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

21% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 53

Holders
161
Holders Change
+24
Holders Change %
+17.52%
% of All Funds
3.69%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
46
Increased
42
Reduced
53
Closed
22
Calls
$1.3M
Puts
$743K
Net Calls
+$559K
Net Calls Change
+$838K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$58.8M
2
Principal Financial Group
Principal Financial Group
Iowa
+$7.75M
3
Morgan Stanley
Morgan Stanley
New York
+$6.66M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$6.46M
5
State Street
State Street
Massachusetts
+$5.6M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$8.73M
2
Two Sigma Investments
Two Sigma Investments
New York
-$7.23M
3
NIMC
NWQ Investment Management Company
California
-$3.99M
4
CC
Cipher Capital
New York
-$3.46M
5
WAM
Weiss Asset Management
Massachusetts
-$3.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOADOR
101
State of Alaska Department of Revenue
Alaska
$353K +$328K +19,580 New
Cambridge Investment Research Advisors
102
Cambridge Investment Research Advisors
Iowa
$338K +$13.4K +801 +4%
MLICM
103
Metropolitan Life Insurance Company (MetLife)
New York
$332K -$45.3K -2,707 -13%
XK
104
Xact Kapitalforvaltning
Sweden
$332K -$28.5K -1,700 -8%
APG Asset Management
105
APG Asset Management
Netherlands
$323K +$368K +22,000 New
Mackenzie Financial
106
Mackenzie Financial
Ontario, Canada
$320K – – –
SO
107
STRS Ohio
Ohio
$310K -$33.5K -2,000 -10%
MSA
108
Mason Street Advisors
Wisconsin
$303K +$282K +16,830 New
USAA
109
United Services Automobile Association
Texas
$302K +$281K +16,776 New
JIM
110
Jupiter Investment Management
United Kingdom
$301K +$280K +16,728 New
CSS
111
Cubist Systematic Strategies
Connecticut
$298K +$277K +16,554 New
Teacher Retirement System of Texas
112
Teacher Retirement System of Texas
Texas
$262K -$142K -8,476 -37%
Squarepoint
113
Squarepoint
New York
$256K -$199K -11,897 -46%
Envestnet Asset Management
114
Envestnet Asset Management
Illinois
$246K +$81.2K +4,850 +55%
PIA
115
Piedmont Investment Advisors
North Carolina
$234K +$217K +12,967 New
VF
116
Virtu Financial
New York
$216K +$200K +11,975 New
PA
117
Profund Advisors
Maryland
$201K +$186K +11,133 New
ECM
118
Element Capital Management
New York
$200K +$186K +11,118 New
GCP
119
GSA Capital Partners
United Kingdom
$192K +$179K +10,672 New
RJA
120
Raymond James & Associates
Florida
$189K -$2.93K -175 -2%
SIM
121
Sonora Investment Management
Arizona
$144K – – –
Ohio Public Employees Retirement System (OPERS)
122
Ohio Public Employees Retirement System (OPERS)
Ohio
$100K -$34.5K -2,058 -27%
AIP
123
Ameritas Investment Partners
Nebraska
$92K -$12.7K -761 -13%
NIT
124
NumerixS Investment Technologies
British Columbia, Canada
$79K +$73.7K +4,400 New
WTC
125
WhitTier Trust Company
Nevada
$73K +$25.8K +1,543 +62%
3 4
5
6 7

PMT Hedge Fund Activity: Q1 2018 in Review

161 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2018, worth a combined $830M — up 26% from $658M a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new PMT positions and 22 closed out — a net gain of 24 holders — while 42 added to existing stakes and 53 trimmed.

The largest buyer was BlackRock, adding an estimated $58.8M. The largest seller was Wolverine Asset Management, cutting an estimated $8.73M.

  • 161 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2018, up from 137 in Q4 2017.
  • Funds reported $830M of PennyMac Mortgage Investment stock for Q1 2018, up 26% quarter-over-quarter.
  • 46 funds opened new PennyMac Mortgage Investment positions in Q1 2018 and 22 closed out, a net change of +24 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2018 was BlackRock, an estimated $58.8M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2018 was Wolverine Asset Management, an estimated $8.73M sold.

Based on aggregated 13F filings for Q1 2018.