PennyMac Mortgage Investment
PMT
148 hedge funds and large institutions have $686M invested in PennyMac Mortgage Investment in 2016 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 57 increasing their positions, 40 reducing their positions, and 19 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
43% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 40
1.59% more ownership
Funds ownership: 63.56% → 65.14% (+1.6%)
3% less capital invested
Capital invested by funds: $707M → $686M (-$21.4M)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
1% less funds holding
Funds holding: 150 → 148 (-2)
92% less call options, than puts
Call options by funds: $161K | Put options by funds: $2.09M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$10.7M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$9.93M |
| 3 |
Goldman Sachs
New York
|
+$8.35M |
| 4 |
AM
Ares Management
Los Angeles,
California
|
+$3.76M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
-$12.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$8.39M |
| 3 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$3.71M |
| 4 |
IP
Interval Partners
New York
|
-$3.57M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.57M |
PMT Hedge Fund Activity: Q3 2016 in Review
148 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2016, worth a combined $686M — down 3% from $707M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PMT and 18 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 57 added.
The largest buyer was Clough Capital Partners, adding an estimated $10.7M. The largest seller was Senvest Management, cutting an estimated $12.1M.
- 148 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2016, down from 150 in Q2 2016.
- Funds reported $686M of PennyMac Mortgage Investment stock for Q3 2016, down 3% quarter-over-quarter.
- 18 funds opened new PennyMac Mortgage Investment positions in Q3 2016 and 19 closed out, a net change of -1 holder.
- The largest PennyMac Mortgage Investment buyer in Q3 2016 was Clough Capital Partners, an estimated $10.7M added.
- The largest PennyMac Mortgage Investment seller in Q3 2016 was Senvest Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q3 2016.