PennyMac Mortgage Investment
PMT
154 hedge funds and large institutions have $756M invested in PennyMac Mortgage Investment in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 54 reducing their positions, and 18 closing their positions.
5.89% more ownership
Funds ownership: 59.13% → 65.02% (+5.9%)
4% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 54
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 158 → 154 (-4)
7% less capital invested
Capital invested by funds: $809M → $756M (-$53.2M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
57% less call options, than puts
Call options by funds: $899K | Put options by funds: $2.08M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$10M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.15M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$6.5M |
| 4 |
Goldman Sachs
New York
|
+$3.12M |
| 5 |
Millennium Management
New York
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$13.8M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$9.14M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$8.48M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$3.76M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
-$3.73M |
PMT Hedge Fund Activity: Q3 2017 in Review
154 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2017, worth a combined $756M — down 6.6% from $809M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PMT and 14 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 56 added.
The largest buyer was First Trust Advisors, adding an estimated $10M. The largest seller was Delphi Financial Group, cutting an estimated $13.8M.
- 154 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2017, down from 158 in Q2 2017.
- Funds reported $756M of PennyMac Mortgage Investment stock for Q3 2017, down 6.6% quarter-over-quarter.
- 14 funds opened new PennyMac Mortgage Investment positions in Q3 2017 and 18 closed out, a net change of -4 holders.
- The largest PennyMac Mortgage Investment buyer in Q3 2017 was First Trust Advisors, an estimated $10M added.
- The largest PennyMac Mortgage Investment seller in Q3 2017 was Delphi Financial Group, an estimated $13.8M sold.
Based on aggregated 13F filings for Q3 2017.