PennyMac Mortgage Investment
PMT
219 hedge funds and large institutions have $1.45B invested in PennyMac Mortgage Investment in 2019 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 106 increasing their positions, 48 reducing their positions, and 32 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 48
68% more call options, than puts
Call options by funds: $1.47M | Put options by funds: $875K
17% more capital invested
Capital invested by funds: $1.24B → $1.45B (+$214M)
16% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 32
2% more funds holding
Funds holding: 214 → 219 (+5)
0.12% more ownership
Funds ownership: 74.37% → 74.49% (+0.12%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$42.4M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$39.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.2M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$16.7M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$7.74M |
| 2 |
Two Sigma Investments
New York
|
-$7.52M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$6.9M |
| 4 |
Blackstone Inc
New York
|
-$5.46M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$5.23M |
PMT Hedge Fund Activity: Q3 2019 in Review
219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q3 2019, worth a combined $1.45B — up 17% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new PMT positions and 32 closed out — a net gain of 5 holders — while 106 added to existing stakes and 48 trimmed.
The largest buyer was BlackRock, adding an estimated $42.4M. The largest seller was Thornburg Investment Management, cutting an estimated $7.74M.
- 219 institutional investors held PennyMac Mortgage Investment (PMT) as of Q3 2019, up from 214 in Q2 2019.
- Funds reported $1.45B of PennyMac Mortgage Investment stock for Q3 2019, up 17% quarter-over-quarter.
- 37 funds opened new PennyMac Mortgage Investment positions in Q3 2019 and 32 closed out, a net change of +5 holders.
- The largest PennyMac Mortgage Investment buyer in Q3 2019 was BlackRock, an estimated $42.4M added.
- The largest PennyMac Mortgage Investment seller in Q3 2019 was Thornburg Investment Management, an estimated $7.74M sold.
Based on aggregated 13F filings for Q3 2019.