PennyMac Mortgage Investment
PMT
193 hedge funds and large institutions have $891M invested in PennyMac Mortgage Investment in 2023 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 70 increasing their positions, 64 reducing their positions, and 23 closing their positions.
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
23% more capital invested
Capital invested by funds: $724M → $891M (+$167M)
6% more funds holding
Funds holding: 182 → 193 (+11)
1.4% more ownership
Funds ownership: 67.29% → 68.69% (+1.4%)
9% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 64
68% less call options, than puts
Call options by funds: $5.94M | Put options by funds: $18.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19.5M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$6.98M |
| 3 |
BlackRock
New York
|
+$4.54M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$2.49M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$8.38M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$7.82M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$7.04M |
| 4 |
Goldman Sachs
New York
|
-$2.75M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.64M |
PMT Hedge Fund Activity: Q4 2023 in Review
193 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q4 2023, worth a combined $891M — up 23% from $724M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new PMT positions and 23 closed out — a net gain of 12 holders — while 70 added to existing stakes and 64 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $19.5M. The largest seller was JP Morgan Chase, cutting an estimated $8.38M.
- 193 institutional investors held PennyMac Mortgage Investment (PMT) as of Q4 2023, up from 182 in Q3 2023.
- Funds reported $891M of PennyMac Mortgage Investment stock for Q4 2023, up 23% quarter-over-quarter.
- 35 funds opened new PennyMac Mortgage Investment positions in Q4 2023 and 23 closed out, a net change of +12 holders.
- The largest PennyMac Mortgage Investment buyer in Q4 2023 was Morgan Stanley, an estimated $19.5M added.
- The largest PennyMac Mortgage Investment seller in Q4 2023 was JP Morgan Chase, an estimated $8.38M sold.
Based on aggregated 13F filings for Q4 2023.