PennyMac Mortgage Investment
PMT
148 hedge funds and large institutions have $782M invested in PennyMac Mortgage Investment in 2015 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 45 reducing their positions, and 29 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 45
3.48% less ownership
Funds ownership: 71.06% → 67.58% (-3.5%)
7% less funds holding
Funds holding: 159 → 148 (-11)
15% less capital invested
Capital invested by funds: $924M → $782M (-$141M)
31% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 29
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
67% less call options, than puts
Call options by funds: $1.58M | Put options by funds: $4.85M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
+$42.7M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
+$11.6M |
| 3 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$9.63M |
| 4 |
Barclays
London,
United Kingdom
|
+$7.36M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$6.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$37.2M |
| 2 |
Millennium Management
New York
|
-$30.6M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$14.6M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$13.8M |
| 5 |
OA
Omega Advisors
New York
|
-$12.1M |
PMT Hedge Fund Activity: Q3 2015 in Review
148 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2015, worth a combined $782M — down 15% from $924M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of PMT and 20 opened new positions — a net loss of 9 holders — while 45 trimmed existing stakes and 52 added.
The largest buyer was Long Pond Capital, opening a new position worth an estimated $42.7M. The largest seller was EJF Capital, exiting entirely with an estimated $37.2M sold.
- 148 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2015, down from 159 in Q2 2015.
- Funds reported $782M of PennyMac Mortgage Investment stock for Q3 2015, down 15% quarter-over-quarter.
- 20 funds opened new PennyMac Mortgage Investment positions in Q3 2015 and 29 closed out, a net change of -9 holders.
- The largest PennyMac Mortgage Investment buyer in Q3 2015 was Long Pond Capital, an estimated $42.7M added.
- The largest PennyMac Mortgage Investment seller in Q3 2015 was EJF Capital, an estimated $37.2M sold.
Based on aggregated 13F filings for Q3 2015.