PennyMac Mortgage Investment
PMT
170 hedge funds and large institutions have $1.84B invested in PennyMac Mortgage Investment in 2013 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 22 closing their positions.
128% more call options, than puts
Call options by funds: $16.6M | Put options by funds: $7.29M
36% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 22
21% more capital invested
Capital invested by funds: $1.52B → $1.84B (+$319M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
6% more ownership
Funds ownership: 65.09% → 71.09% (+6%)
4% more funds holding
Funds holding: 163 → 170 (+7)
4% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$26.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$18.5M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$15.5M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.4M |
| 5 |
Morgan Stanley
New York
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$21.4M |
| 2 |
LPC
Long Pond Capital
New York
|
-$16.9M |
| 3 |
GA
GRS Advisors
Chicago,
Illinois
|
-$6.79M |
| 4 |
Barclays
London,
United Kingdom
|
-$4.99M |
| 5 |
AC
Ascend Capital
Orinda,
California
|
-$4.92M |
PMT Hedge Fund Activity: Q4 2013 in Review
170 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2013, worth a combined $1.84B — up 21% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PMT positions and 22 closed out — a net gain of 8 holders — while 57 added to existing stakes and 55 trimmed.
The largest buyer was Delphi Financial Group, opening a new position worth an estimated $26.7M. The largest seller was Pine River Capital Management, cutting an estimated $21.4M.
- 170 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2013, up from 163 in Q3 2013.
- Funds reported $1.84B of PennyMac Mortgage Investment stock for Q4 2013, up 21% quarter-over-quarter.
- 30 funds opened new PennyMac Mortgage Investment positions in Q4 2013 and 22 closed out, a net change of +8 holders.
- The largest PennyMac Mortgage Investment buyer in Q4 2013 was Delphi Financial Group, an estimated $26.7M added.
- The largest PennyMac Mortgage Investment seller in Q4 2013 was Pine River Capital Management, an estimated $21.4M sold.
Based on aggregated 13F filings for Q4 2013.