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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$33.3M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$19.3M |
| 3 |
RIM
RS Investment Management
San Francisco,
California
|
+$13.5M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$11.3M |
| 5 |
CLG
Cooperman Leon G
|
+$7.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$180M |
| 2 |
Morgan Stanley
New York
|
-$17.1M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$13.7M |
| 4 |
GA
GRS Advisors
Chicago,
Illinois
|
-$11.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$9.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
LPL Financial
San Diego,
California
| – | -$212K | -8,878 | Closed |
|
|
MHS
202
M Holdings Securities
Portland,
Oregon
| – | -$209K | -8,739 | Closed |
|
|
WSFS
203
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$207K | -8,665 | Closed |
|
|
TRCT
204
Tower Research Capital (TRC)
New York
| – | -$106K | -4,429 | Closed |
|
|
WAM
205
Wolverine Asset Management
Chicago,
Illinois
| – | -$89K | -4,000 | Closed |
|
|
DADC
206
D.A. Davidson & Co
Great Falls,
Montana
| – | -$35K | -1,500 | Closed |
|
|
AC
207
Alexandria Capital
Arlington,
Virginia
| – | -$13K | -536 | Closed |
|
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.