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PMT

PennyMac Mortgage Investment
PMT

182 hedge funds and large institutions have $1.17B invested in PennyMac Mortgage Investment in 2014 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 66 increasing their positions, 59 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

102% more call options, than puts

Call options by funds: $9.23M | Put options by funds: $4.57M

12% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 59

1% less funds holding

Funds holding: 183 → 182 (-1)

4% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 25

12.57% less ownership

Funds ownership: 84.32% → 71.76% (-13%)

43% less capital invested

Capital invested by funds: $2.05B → $1.17B (-$880M)

50% less funds holding in top 10

Funds holding in top 10: 10 → 5 (-5)

Holders
182
Holders Change
-1
Holders Change %
-0.55%
% of All Funds
5.23%
Holding in Top 10
5
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-50%
% of All Funds
0.14%
New
24
Increased
66
Reduced
59
Closed
25
Calls
$9.23M
Puts
$4.57M
Net Calls
+$4.67M
Net Calls Change
-$5.65M

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$33.3M
2
Norges Bank
Norges Bank
Norway
+$19.3M
3
RIM
RS Investment Management
California
+$13.5M
4
First Trust Advisors
First Trust Advisors
Illinois
+$11.3M
5
CLG
Cooperman Leon G
+$7.87M

Top Sellers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$180M
2
Morgan Stanley
Morgan Stanley
New York
-$17.1M
3
JAM
Jacobs Asset Management
New York
-$13.7M
4
GA
GRS Advisors
Illinois
-$11.7M
5
Citadel Advisors
Citadel Advisors
Florida
-$9.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
176
ClariVest Asset Management
California
$6K – – –
PIA
177
Piedmont Investment Advisors
North Carolina
$4.15K +$4.21K +189 New
FNBT
178
FineMark National Bank & Trust
Florida
$4K – – –
RFA
179
Reilly Financial Advisors
California
$4K +$3.9K +175 New
BRWM
180
B. Riley Wealth Management
Tennessee
$4K +$4.45K +200 New
PTC
181
Private Trust Company
Ohio
$2K – – –
WA
182
WealthTrust-Arizona
Arizona
$2K – – –
JAM
183
Jacobs Asset Management
New York
– -$13.7M -575,000 Closed
GA
184
GRS Advisors
Illinois
– -$11.7M -487,800 Closed
DCM
185
Driehaus Capital Management
Illinois
– -$7.51M -314,249 Closed
D.E. Shaw & Co
186
D.E. Shaw & Co
New York
– -$4.09M -183,557 Closed
SC
187
Seawolf Capital
New York
– -$4.14M -173,800 Closed
SCM
188
Silver Capital Management
New York
– -$3.8M -158,940 Closed
PP
189
PDT Partners
New York
– -$2.21M -92,674 Closed
NGA
190
New Generation Advisors
Massachusetts
– -$1.55M -64,892 Closed
WC
191
Woodstock Corp
Massachusetts
– -$1.52M -63,780 Closed
CIBC World Market
192
CIBC World Market
Ontario, Canada
– -$1.32M -55,123 Closed
NCCM
193
Nine Chapters Capital Management
New Jersey
– -$956K -40,000 Closed
PAM
194
Panagora Asset Management
Massachusetts
– -$402K -16,832 Closed
SB
195
Suntrust Banks
Georgia
– -$381K -16,011 Closed
FHC
196
First Heartland Consultants
Missouri
– -$363K -15,200 Closed
WS
197
Wedbush Securities
California
– -$322K -13,493 Closed
ACM
198
Ativo Capital Management
Illinois
– -$267K -11,164 Closed
SGH
199
Schonfeld Group Holdings
New York
– -$251K -10,502 Closed
FIM
200
Freedom Investment Management
Connecticut
– -$213K -8,905 Closed
5 6 7
8
9

PMT Hedge Fund Activity: Q2 2014 in Review

182 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q2 2014, worth a combined $1.17B — down 43% from $2.05B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of PMT and 24 opened new positions — a net loss of 1 holder — while 59 trimmed existing stakes and 66 added.

The largest buyer was EJF Capital, opening a new position worth an estimated $33.3M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $180M.

  • 182 institutional investors held PennyMac Mortgage Investment (PMT) as of Q2 2014, down from 183 in Q1 2014.
  • Funds reported $1.17B of PennyMac Mortgage Investment stock for Q2 2014, down 43% quarter-over-quarter.
  • 24 funds opened new PennyMac Mortgage Investment positions in Q2 2014 and 25 closed out, a net change of -1 holder.
  • The largest PennyMac Mortgage Investment buyer in Q2 2014 was EJF Capital, an estimated $33.3M added.
  • The largest PennyMac Mortgage Investment seller in Q2 2014 was BNP Paribas Financial Markets, an estimated $180M sold.

Based on aggregated 13F filings for Q2 2014.