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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
5.28%
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
Barclays
126
Barclays
United Kingdom
$468K -$87.4K -3,700 -15%
First Trust Advisors
127
First Trust Advisors
Illinois
$444K +$72.6K +3,071 +20%
Nisa Investment Advisors
128
Nisa Investment Advisors
Missouri
$430K – – –
GMIM
129
General Motors Investment Management
New York
$430K +$425K +17,979 New
PCM
130
Prelude Capital Management
New York
$425K -$380K -16,100 -47%
V
131
Veritable
Delaware
$411K – – –
PAM
132
Panagora Asset Management
Massachusetts
$402K +$398K +16,832 New
SB
133
Suntrust Banks
Georgia
$381K +$88.5K +3,747 +31%
HI
134
HBK Investments
Texas
$372K -$263K -11,139 -42%
FWCM
135
First Western Capital Management
California
$371K +$15.3K +648 +4%
FHC
136
First Heartland Consultants
Missouri
$363K – – –
CC
137
Cipher Capital
New York
$337K +$333K +14,094 New
WS
138
Wedbush Securities
California
$322K -$13.2K -557 -4%
LTFS
139
Ladenburg Thalmann Financial Services
Florida
$318K +$118 +5 +0%
SI
140
Stephens Inc
Arkansas
$310K +$65.6K +2,775 +27%
Comerica Bank
141
Comerica Bank
Texas
$309K -$304K -12,860 -50%
Connor, Clark & Lunn Investment Management (CC&L)
142
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$298K +$267K +11,300 New
EVM
143
Eaton Vance Management
Massachusetts
$280K – – –
BG
144
BlackRock Group
United Kingdom
$271K – – –
ACM
145
Ativo Capital Management
Illinois
$267K +$21.7K +919 +9%
CAS
146
CTC Alternative Strategies
Illinois
$258K +$18.9K +800 +8%
SGH
147
Schonfeld Group Holdings
New York
$251K +$248K +10,502 New
PAM
148
Paradigm Asset Management
New York
$239K – – –
Bank of Montreal
149
Bank of Montreal
Ontario, Canada
$224K -$44.7K -1,890 -17%
AWA
150
Arete Wealth Advisors
Illinois
$219K -$1.8K -76 -0.8%
4 5
6
7 8

PMT Hedge Fund Activity: Q1 2014 in Review

183 of the 3,463 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.