PennyMac Mortgage Investment
PMT
186 hedge funds and large institutions have $839M invested in PennyMac Mortgage Investment in 2018 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 69 increasing their positions, 52 reducing their positions, and 17 closing their positions.
118% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 17
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
33% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 52
11% more funds holding
Funds holding: 167 → 186 (+19)
0.9% more ownership
Funds ownership: 72.88% → 73.78% (+0.9%)
4% less call options, than puts
Call options by funds: $568K | Put options by funds: $593K
7% less capital invested
Capital invested by funds: $899M → $839M (-$59.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$10.2M |
| 2 |
Renaissance Technologies
New York
|
+$5.35M |
| 3 |
AU
Algebris (UK)
London,
United Kingdom
|
+$4.53M |
| 4 |
BlackRock
New York
|
+$4.32M |
| 5 |
Morgan Stanley
New York
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$9.61M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.19M |
| 4 |
Barclays
London,
United Kingdom
|
-$4.06M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$3.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
201
Central Trust Company
Jefferson City,
Missouri
| – | -$2K | -100 | Closed |
|
202
Group One Trading
Chicago,
Illinois
| – | -$2K | -100 | Closed |
|
|
PFGIA
203
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | +$180 | +9 | New |
|
PMT Hedge Fund Activity: Q4 2018 in Review
186 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2018, worth a combined $839M — down 6.6% from $899M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new PMT positions and 17 closed out — a net gain of 20 holders — while 69 added to existing stakes and 52 trimmed.
The largest buyer was Bessemer Group, adding an estimated $10.2M. The largest seller was Invesco, cutting an estimated $11.8M.
- 186 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2018, up from 167 in Q3 2018.
- Funds reported $839M of PennyMac Mortgage Investment stock for Q4 2018, down 6.6% quarter-over-quarter.
- 37 funds opened new PennyMac Mortgage Investment positions in Q4 2018 and 17 closed out, a net change of +20 holders.
- The largest PennyMac Mortgage Investment buyer in Q4 2018 was Bessemer Group, an estimated $10.2M added.
- The largest PennyMac Mortgage Investment seller in Q4 2018 was Invesco, an estimated $11.8M sold.
Based on aggregated 13F filings for Q4 2018.