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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hayman Capital Management
Dallas,
Texas
|
+$78M |
| 2 |
CLG
Cooperman Leon G
|
+$42.9M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$35.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$27.7M |
| 5 |
Vanguard Group
Malvern,
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
Seattle,
Washington
|
-$5.83M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$5.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Two Sigma Investments
New York
| – | -$426K | -20,231 | Closed |
|
|
EMFAT
177
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$355K | -16,870 | Closed |
|
|
CCM
178
Coe Capital Management
Highland Park,
Illinois
| – | -$353K | -16,800 | Closed |
|
|
KFS
179
KMS Financial Services
Seattle,
Washington
| – | -$280K | -13,300 | Closed |
|
|
CC
180
Cipher Capital
New York
| – | -$213K | -10,139 | Closed |
|
|
WSFS
181
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$211K | -10,000 | Closed |
|
182
Lazard Asset Management
New York
| – | -$202K | -9,600 | Closed |
|
|
PCM
183
Prelude Capital Management
New York
| – | -$129K | -6,150 | Closed |
|
184
Group One Trading
Chicago,
Illinois
| – | -$74.2K | -3,397 | Closed |
|
|
WAM
185
Wolverine Asset Management
Chicago,
Illinois
| – | -$66.3K | -3,033 | Closed |
|
|
IRS
186
Invictus RG (Singapore)
Singapore
| – | -$26K | -1,216 | Closed |
|
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.