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PMT

PennyMac Mortgage Investment
PMT

150 hedge funds and large institutions have $620M invested in PennyMac Mortgage Investment in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 54 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 54

2.61% less ownership

Funds ownership: 65.96% → 63.35% (-2.6%)

6% less funds holding

Funds holding: 160 → 150 (-10)

16% less call options, than puts

Call options by funds: $2.08M | Put options by funds: $2.49M

16% less capital invested

Capital invested by funds: $742M → $620M (-$122M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

Holders
150
Holders Change
-10
Holders Change %
-6.25%
% of All Funds
4%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
18
Increased
51
Reduced
54
Closed
28
Calls
$2.08M
Puts
$2.49M
Net Calls
-$407K
Net Calls Change
+$1.67M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$17.4M
2
Citigroup
Citigroup
New York
+$13.1M
3
GXMC
Global X Management Company
New York
+$7.34M
4
Millennium Management
Millennium Management
New York
+$6.98M
5
SM
Senvest Management
New York
+$6.31M

Top Sellers

Rank Fund Capital Flow
1
LPC
Long Pond Capital
New York
-$32.9M
2
GT
Glenmede Trust
Pennsylvania
-$14.8M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$12.7M
4
RIM
RS Investment Management
California
-$8.88M
5
KKRC
Kohlberg Kravis Roberts & Co
New York
-$6.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
Alyeska Investment Group
151
Alyeska Investment Group
Illinois
– -$12.7M -830,068 Closed
KKRC
152
Kohlberg Kravis Roberts & Co
New York
– -$6.99M -458,300 Closed
American Century Companies
153
American Century Companies
Missouri
– -$6.41M -419,905 Closed
MAMNY
154
Marathon Asset Management (New York)
New York
– -$1.53M -100,000 Closed
EMG
155
Ellington Management Group
Connecticut
– -$1.08M -70,900 Closed
Walleye Trading
156
Walleye Trading
New York
– -$968K -63,457 Closed
RFC
157
Regions Financial Corp
Alabama
– -$963K -63,104 Closed
CSS
158
Cubist Systematic Strategies
Connecticut
– -$923K -60,501 Closed
NIT
159
NumerixS Investment Technologies
British Columbia, Canada
– -$565K -37,000 Closed
GH
160
GAM Holding
Switzerland
– -$563K -36,900 Closed
DC
161
Deere & Company
Illinois
– -$516K -33,835 Closed
ST
162
Spot Trading
Illinois
– -$510K -33,405 Closed
RJFSA
163
Raymond James Financial Services Advisors
Florida
– -$302K -19,823 Closed
Tudor Investment Corp
164
Tudor Investment Corp
Connecticut
– -$251K -16,474 Closed
FHC
165
First Heartland Consultants
Missouri
– -$222K -14,570 Closed
FRM
166
Fox Run Management
Connecticut
– -$208K -13,600 Closed
HIM
167
Hillsdale Investment Management
Ontario, Canada
– -$200K -13,100 Closed
PCMI
168
Paradigm Capital Management Inc
New York
– -$183K -12,000 Closed
ProShare Advisors
169
ProShare Advisors
Maryland
– -$166K -10,857 Closed
CG
170
Clinton Group
New York
– -$160K -10,483 Closed
BNP Paribas Financial Markets
171
BNP Paribas Financial Markets
France
– -$77.6K -5,086 Closed
SEI Investments
172
SEI Investments
Pennsylvania
– -$43K -2,796 Closed
WMG
173
WESCAP Management Group
California
– -$33K -2,201 Closed
MPWT
174
MassMutual Private Wealth & Trust
Connecticut
– -$21.5K -1,407 Closed
HNB
175
Huntington National Bank
Ohio
– -$10K -663 Closed
4 5 6
7
8

PMT Hedge Fund Activity: Q1 2016 in Review

150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2016, worth a combined $620M — down 16% from $742M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PMT and 18 opened new positions — a net loss of 10 holders — while 54 trimmed existing stakes and 51 added.

The largest buyer was Bank of America, adding an estimated $17.4M. The largest seller was Long Pond Capital, exiting entirely with an estimated $32.9M sold.

  • 150 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2016, down from 160 in Q4 2015.
  • Funds reported $620M of PennyMac Mortgage Investment stock for Q1 2016, down 16% quarter-over-quarter.
  • 18 funds opened new PennyMac Mortgage Investment positions in Q1 2016 and 28 closed out, a net change of -10 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2016 was Bank of America, an estimated $17.4M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2016 was Long Pond Capital, an estimated $32.9M sold.

Based on aggregated 13F filings for Q1 2016.