PennyMac Mortgage Investment
PMT
201 hedge funds and large institutions have $1.17B invested in PennyMac Mortgage Investment in 2020 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 49 increasing their positions, 78 reducing their positions, and 24 closing their positions.
71% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 24
9% more funds holding
Funds holding: 184 → 201 (+17)
2.5% less ownership
Funds ownership: 76.2% → 73.7% (-2.5%)
12% less call options, than puts
Call options by funds: $11.5M | Put options by funds: $13.1M
12% less capital invested
Capital invested by funds: $1.33B → $1.17B (-$164M)
37% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 78
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$17M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$16.5M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$10.5M |
| 4 |
D.E. Shaw & Co
New York
|
+$6.72M |
| 5 |
Millennium Management
New York
|
+$6.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
-$66.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$11.2M |
| 3 |
Morgan Stanley
New York
|
-$7.14M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$6.75M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$5.18M |
PMT Hedge Fund Activity: Q3 2020 in Review
201 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2020, worth a combined $1.17B — down 12% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PMT positions and 24 closed out — a net gain of 17 holders — while 49 added to existing stakes and 78 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $17M. The largest seller was Senvest Management, cutting an estimated $66.7M.
- 201 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2020, up from 184 in Q2 2020.
- Funds reported $1.17B of PennyMac Mortgage Investment stock for Q3 2020, down 12% quarter-over-quarter.
- 41 funds opened new PennyMac Mortgage Investment positions in Q3 2020 and 24 closed out, a net change of +17 holders.
- The largest PennyMac Mortgage Investment buyer in Q3 2020 was T. Rowe Price Associates, an estimated $17M added.
- The largest PennyMac Mortgage Investment seller in Q3 2020 was Senvest Management, an estimated $66.7M sold.
Based on aggregated 13F filings for Q3 2020.