PennyMac Mortgage Investment
PMT
197 hedge funds and large institutions have $766M invested in PennyMac Mortgage Investment in 2022 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 52 increasing their positions, 73 reducing their positions, and 29 closing their positions.
48% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 29
6% more funds holding
Funds holding: 186 → 197 (+11)
1% more capital invested
Capital invested by funds: $756M → $766M (+$9.35M)
1.52% less ownership
Funds ownership: 70.87% → 69.35% (-1.5%)
29% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 73
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
73% less call options, than puts
Call options by funds: $13.1M | Put options by funds: $47.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$19.7M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$10.3M |
| 3 |
JP Morgan Chase
New York
|
+$3.15M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$3.09M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$17.1M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$15.7M |
| 3 |
Millennium Management
New York
|
-$11.8M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$10.7M |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$6.25M |
PMT Hedge Fund Activity: Q4 2022 in Review
197 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2022, worth a combined $766M — up 1.2% from $756M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new PMT positions and 29 closed out — a net gain of 14 holders — while 52 added to existing stakes and 73 trimmed.
The largest buyer was Caption Management, opening a new position worth an estimated $19.7M. The largest seller was Pacer Advisors, exiting entirely with an estimated $17.1M sold.
- 197 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2022, up from 186 in Q3 2022.
- Funds reported $766M of PennyMac Mortgage Investment stock for Q4 2022, up 1.2% quarter-over-quarter.
- 43 funds opened new PennyMac Mortgage Investment positions in Q4 2022 and 29 closed out, a net change of +14 holders.
- The largest PennyMac Mortgage Investment buyer in Q4 2022 was Caption Management, an estimated $19.7M added.
- The largest PennyMac Mortgage Investment seller in Q4 2022 was Pacer Advisors, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2022.