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PMT

PennyMac Mortgage Investment
PMT

158 hedge funds and large institutions have $910M invested in PennyMac Mortgage Investment in 2015 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 51 increasing their positions, 50 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.59% more ownership

Funds ownership: 68.46% → 70.05% (+1.6%)

2% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 50

3% less funds holding

Funds holding: 163 → 158 (-5)

12% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 25

16% less capital invested

Capital invested by funds: $1.09B → $910M (-$176M)

27% less call options, than puts

Call options by funds: $1.93M | Put options by funds: $2.64M

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
158
Holders Change
-5
Holders Change %
-3.07%
% of All Funds
4.26%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.13%
New
22
Increased
51
Reduced
50
Closed
25
Calls
$1.93M
Puts
$2.64M
Net Calls
-$710K
Net Calls Change
-$415K

Top Buyers

1
TIM
Thornburg Investment Management
New Mexico
+$31.5M
2
First Trust Advisors
First Trust Advisors
Illinois
+$15.4M
3
UBS Group
UBS Group
Switzerland
+$8.6M
4
Deutsche Bank
Deutsche Bank
Germany
+$8.47M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$8.13M

Top Sellers

1
EC
EJF Capital
Virginia
-$40.8M
2
JCM
Janney Capital Management
Pennsylvania
-$15.9M
3
Millennium Management
Millennium Management
New York
-$11.4M
4
PRCM
Pine River Capital Management
Minnesota
-$7.63M
5
GIM
Greenwich Investment Management
Connecticut
-$4.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$82.3M +$3.71M +190,444 +4%
BFA
2
BlackRock Fund Advisors
California
$46.5M -$466K -23,933 -0.9%
OA
3
Omega Advisors
New York
$45.3M -$3.71M -190,797 -7%
DFG
4
Delphi Financial Group
Delaware
$45.1M – – –
Wells Fargo
5
Wells Fargo
California
$44M +$5.91M +303,934 +14%
EC
6
EJF Capital
Virginia
$37.2M -$40.8M -2,094,352 -50%
Millennium Management
7
Millennium Management
New York
$34M -$11.4M -586,114 -23%
TIM
8
Thornburg Investment Management
New Mexico
$28.3M +$31.5M +1,621,257 New
LSV Asset Management
9
LSV Asset Management
Illinois
$27.3M -$593K -30,500 -2%
State Street
10
State Street
Massachusetts
$27.1M +$1.27M +65,486 +4%
BIT
11
BlackRock Institutional Trust
California
$23.8M -$2.25M -115,686 -8%
UBS Group
12
UBS Group
Switzerland
$22M +$8.6M +441,953 +54%
Bank of America
13
Bank of America
North Carolina
$18M -$3.18M -163,520 -14%
Deutsche Bank
14
Deutsche Bank
Germany
$17.4M +$8.47M +435,071 +77%
Morgan Stanley
15
Morgan Stanley
New York
$17.3M -$997K -51,222 -5%
Invesco
16
Invesco
Georgia
$16.9M +$5.48M +281,762 +41%
CCP
17
Clough Capital Partners
Massachusetts
$16.8M -$1.56M -80,300 -8%
Northern Trust
18
Northern Trust
Illinois
$16.6M -$167K -8,558 -0.9%
AllianceBernstein
19
AllianceBernstein
Tennessee
$15.4M +$2.9M +148,990 +20%
GT
20
Glenmede Trust
Pennsylvania
$15M +$980K +50,362 +6%
First Trust Advisors
21
First Trust Advisors
Illinois
$14.6M +$15.4M +790,442 +1,645%
PRCM
22
Pine River Capital Management
Minnesota
$13.8M -$7.63M -392,269 -33%
Norges Bank
23
Norges Bank
Norway
$12M – – –
RIM
24
RS Investment Management
California
$11.5M +$451K +23,180 +4%
NIMC
25
NWQ Investment Management Company
California
$11.1M -$782K -40,209 -6%
1
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PMT Hedge Fund Activity: Q2 2015 in Review

158 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q2 2015, worth a combined $910M — down 16% from $1.09B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of PMT and 22 opened new positions — a net loss of 3 holders — while 50 trimmed existing stakes and 51 added.

The largest buyer was Thornburg Investment Management, opening a new position worth an estimated $31.5M. The largest seller was EJF Capital, cutting an estimated $40.8M.

  • 158 institutional investors held PennyMac Mortgage Investment (PMT) as of Q2 2015, down from 163 in Q1 2015.
  • Funds reported $910M of PennyMac Mortgage Investment stock for Q2 2015, down 16% quarter-over-quarter.
  • 22 funds opened new PennyMac Mortgage Investment positions in Q2 2015 and 25 closed out, a net change of -3 holders.
  • The largest PennyMac Mortgage Investment buyer in Q2 2015 was Thornburg Investment Management, an estimated $31.5M added.
  • The largest PennyMac Mortgage Investment seller in Q2 2015 was EJF Capital, an estimated $40.8M sold.

Based on aggregated 13F filings for Q2 2015.