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PMT

PennyMac Mortgage Investment

150 hedge funds and large institutions have $620M invested in PennyMac Mortgage Investment in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 54 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 54

2.61% less ownership

Funds ownership: 65.96%63.35% (-2.6%)

6% less funds holding

Funds holding: 160150 (-10)

16% less call options, than puts

Call options by funds: $2.08M | Put options by funds: $2.49M

16% less capital invested

Capital invested by funds: $742M → $620M (-$122M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

36% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 28

Holders
150
Holders Change
-10
Holders Change %
-6.25%
% of All Funds
4%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
18
Increased
51
Reduced
54
Closed
28
Calls
$2.08M
Puts
$2.49M
Net Calls
-$407K
Net Calls Change
+$1.67M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$66.8M +$328K +24,774 +0.5%
DFG
2
Delphi Financial Group
Delaware
$37.2M
BFA
3
BlackRock Fund Advisors
California
$34.9M -$1.4M -105,861 -4%
Bank of America
4
Bank of America
North Carolina
$32.9M +$17.4M +1,309,750 +119%
TIM
5
Thornburg Investment Management
New Mexico
$30M +$9.93K +749 +0%
Wells Fargo
6
Wells Fargo
California
$29.2M -$5.88M -443,208 -17%
LSV Asset Management
7
LSV Asset Management
Illinois
$22.7M -$343K -25,900 -2%
Citigroup
8
Citigroup
New York
$22.4M +$13.1M +989,009 +152%
State Street
9
State Street
Massachusetts
$20.9M -$165K -12,452 -0.8%
Millennium Management
10
Millennium Management
New York
$19.3M +$6.98M +526,550 +59%
BIT
11
BlackRock Institutional Trust
California
$18.5M -$29.4K -2,221 -0.2%
AllianceBernstein
12
AllianceBernstein
Tennessee
$18M +$2.15M +162,090 +14%
AAM
13
Advisors Asset Management
Colorado
$14.7M +$1.5M +112,835 +12%
GXMC
14
Global X Management Company
New York
$13.6M +$7.34M +553,717 +126%
Northern Trust
15
Northern Trust
Illinois
$13.5M +$200K +15,058 +2%
SM
16
Senvest Management
New York
$13.3M +$6.31M +476,312 +96%
RIM
17
RS Investment Management
California
$12.8M -$8.88M -670,016 -42%
UBS Group
18
UBS Group
Switzerland
$11.6M -$1.99M -150,317 -15%
JCM
19
Janney Capital Management
Pennsylvania
$10.2M +$479K +36,148 +5%
Norges Bank
20
Norges Bank
Norway
$9.39M
Morgan Stanley
21
Morgan Stanley
New York
$8.41M +$23.3K +1,758 +0.3%
CCP
22
Clough Capital Partners
Massachusetts
$8.22M -$2.63M -198,700 -25%
NIMC
23
NWQ Investment Management Company
California
$8.15M -$64.1K -4,837 -0.8%
Prudential Financial
24
Prudential Financial
New Jersey
$7.25M +$1.69M +127,800 +32%
GIM
25
Greenwich Investment Management
Connecticut
$7.02M -$86.3K -6,510 -1%

PMT Hedge Fund Activity: Q1 2016 in Review

150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2016, worth a combined $620M — down 16% from $742M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PMT and 18 opened new positions — a net loss of 10 holders — while 54 trimmed existing stakes and 51 added.

The largest buyer was Bank of America, adding an estimated $17.4M. The largest seller was Long Pond Capital, exiting entirely with an estimated $32.9M sold.

  • 150 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2016, down from 160 in Q4 2015.
  • Funds reported $620M of PennyMac Mortgage Investment stock for Q1 2016, down 16% quarter-over-quarter.
  • 18 funds opened new PennyMac Mortgage Investment positions in Q1 2016 and 28 closed out, a net change of -10 holders.
  • The largest PennyMac Mortgage Investment buyer in Q1 2016 was Bank of America, an estimated $17.4M added.
  • The largest PennyMac Mortgage Investment seller in Q1 2016 was Long Pond Capital, an estimated $32.9M sold.

Based on aggregated 13F filings for Q1 2016.