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PMT

PennyMac Mortgage Investment
PMT

163 hedge funds and large institutions have $1.52B invested in PennyMac Mortgage Investment in 2013 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 69 increasing their positions, 37 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

280% more call options, than puts

Call options by funds: $22.3M | Put options by funds: $5.85M

86% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 37

25% more capital invested

Capital invested by funds: $1.22B → $1.52B (+$304M)

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

2.95% more ownership

Funds ownership: 62.14% → 65.09% (+3%)

2% more funds holding

Funds holding: 160 → 163 (+3)

Holders
163
Holders Change
+3
Holders Change %
+1.88%
% of All Funds
5.29%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.23%
New
27
Increased
69
Reduced
37
Closed
22
Calls
$22.3M
Puts
$5.85M
Net Calls
+$16.4M
Net Calls Change
+$16.1M

Top Buyers

Rank Fund Capital Flow
1
HCM
Hayman Capital Management
Texas
+$78M
2
CLG
Cooperman Leon G
+$42.9M
3
PRCM
Pine River Capital Management
Minnesota
+$35.1M
4
Wells Fargo
Wells Fargo
California
+$27.7M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$14.5M

Top Sellers

Rank Fund Capital Flow
1
HCM
Highbridge Capital Management
New York
-$43.9M
2
SC
Seawolf Capital
New York
-$10.6M
3
BCM
Basswood Capital Management
New York
-$8.17M
4
FCH
Freestone Capital Holdings
Washington
-$5.83M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$5.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
TH
126
Timber Hill
Connecticut
$385K +$2.27K +104 +0.6%
CAM
127
Cortina Asset Management
Wisconsin
$374K +$361K +16,507 New
IAM
128
Integre Asset Management
New York
$371K +$1.66K +76 +0.5%
FHC
129
First Heartland Consultants
Missouri
$351K – – –
CA
130
Commerzbank Aktiengesellschaft
Germany
$337K -$41.6K -1,904 -11%
Janney Montgomery Scott
131
Janney Montgomery Scott
Pennsylvania
$329K +$317K +14,518 New
T. Rowe Price Associates
132
T. Rowe Price Associates
Maryland
$322K +$310K +14,200 New
FAM
133
Forty4 Asset Management
Illinois
$322K +$310K +14,201 New
LTFS
134
Ladenburg Thalmann Financial Services
Florida
$318K +$109 +5 +0%
SB
135
Suntrust Banks
Georgia
$298K +$19.4K +889 +7%
EVM
136
Eaton Vance Management
Massachusetts
$266K -$8.74K -400 -3%
Nisa Investment Advisors
137
Nisa Investment Advisors
Missouri
$261K – – –
BG
138
BlackRock Group
United Kingdom
$257K – – –
UCFA
139
United Capital Financial Advisors
Texas
$254K +$245K +11,207 New
Los Angeles Capital Management
140
Los Angeles Capital Management
California
$227K – – –
CAS
141
CTC Alternative Strategies
Illinois
$227K -$43.7K -2,000 -17%
PAM
142
Paradigm Asset Management
New York
$227K +$22.9K +1,050 +12%
JG
143
Jefferies Group
New York
$224K +$216K +9,880 New
Bank of Montreal
144
Bank of Montreal
Ontario, Canada
$223K -$40.5K -1,852 -16%
ACM
145
Ativo Capital Management
Illinois
$213K +$206K +9,410 New
SI
146
Stephens Inc
Arkansas
$213K +$206K +9,410 New
Teacher Retirement System of Texas
147
Teacher Retirement System of Texas
Texas
$208K +$113K +5,151 +128%
BCMU
148
BlueCrest Capital Management (UK)
Guernsey
$202K +$194K +8,900 New
DAM
149
Delta Asset Management
Tennessee
$193K – – –
Creative Planning
150
Creative Planning
Kansas
$164K -$50.9K -2,330 -24%
4 5
6
7 8

PMT Hedge Fund Activity: Q3 2013 in Review

163 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2013, worth a combined $1.52B — up 25% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PMT positions and 22 closed out — a net gain of 5 holders — while 69 added to existing stakes and 37 trimmed.

The largest buyer was Hayman Capital Management, opening a new position worth an estimated $78M. The largest seller was Highbridge Capital Management, cutting an estimated $43.9M.

  • 163 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2013, up from 160 in Q2 2013.
  • Funds reported $1.52B of PennyMac Mortgage Investment stock for Q3 2013, up 25% quarter-over-quarter.
  • 27 funds opened new PennyMac Mortgage Investment positions in Q3 2013 and 22 closed out, a net change of +5 holders.
  • The largest PennyMac Mortgage Investment buyer in Q3 2013 was Hayman Capital Management, an estimated $78M added.
  • The largest PennyMac Mortgage Investment seller in Q3 2013 was Highbridge Capital Management, an estimated $43.9M sold.

Based on aggregated 13F filings for Q3 2013.