Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

NOTE 5.500%11/0 · US DOMESTIC · CUSIP 70932AAD5

28 institutional holders -1 vs Q4 2022
9,051,0009.1m shares reported held*
$112.3mreported value*
3 new 6 added 5 reduced 4 sold out net bought ≈ $7.7m (+1.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $12.41.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 27Q4 22: 29Q1 23: 2828Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 13 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 9 bought or addedQ1 23: 9 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399

Biggest buyers

FMR LLC Added +7,895,000+7.9m
AlphaCentric Advisors LLC New +1,465,000+1.5m
LAZARD ASSET MANAGEMENT LLC Added +1,300,000+1.3m
Russell Investments Group, Ltd. Added +317,000+317.0k
ROYAL BANK OF CANADA Added +58,000+58.0k
HighTower Advisors, LLC New +50,000+50.0k
Advisors Capital Management, LLC New +25,000+25.0k
BARCLAYS PLC Added +18,000+18.0k
STIFEL FINANCIAL CORP Added +4,250+4.2k

Biggest sellers

WESTWOOD HOLDINGS GROUP INC Reduced -1,000,000-1.0m
OAKTREE CAPITAL MANAGEMENT LP Reduced -786,000-786.0k
EMG Holdings, L.P. Reduced -750,000-750.0k
MacKay Shields LLC Sold out -100,000-100.0k
Federation des caisses Desjardins du Quebec Sold out -100,000-100.0k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Sold out -60,000-60.0k
HighTower Advisors, LLC Sold out -50,000-50.0k
SSI INVESTMENT MANAGEMENT LLC Reduced -44,000-44.0k
HBK Sorce Advisory LLC Reduced -25,000-25.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.00% of their portfolio BOSTON, MA 29,790,00029.8m $27.9m $27.9m 0.00% Added +7.9m +7,895,000
2 OAKTREE CAPITAL MANAGEMENT LP 0.19% of their portfolio LOS ANGELES, CA 17,985,00018.0m $16.9m $16.9m 0.19% Reduced -786.0k -786,000
3 BARINGS LLC 0.54% of their portfolio CHARLOTTE, NC 17,000,00017.0m $15.8m $15.8m 0.54% Unchanged
4 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 15,124,00015.1m $14.2m $14.2m 0.02% Added +1.3m +1,300,000
5 SSI INVESTMENT MANAGEMENT LLC 0.70% of their portfolio Los Angeles, CA 10,623,00010.6m $9.9m $9.9m 0.70% Reduced -44.0k -44,000
6 AMERICAN FINANCIAL GROUP INC 2.02% of their portfolio CINCINNATI, OH 7,000,0007.0m $6.5m $6.5m 2.02% Unchanged
7 INCOME RESEARCH & MANAGEMENT 3.14% of their portfolio Boston, MA 6,500,0006.5m $6.1m $6.1m 3.14% Unchanged
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,550,0004.5m $4.3m $4.3m 0.01% Added +317.0k +317,000
9 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 2,866,0002.9m $2.7m $2.7m 0.07% Unchanged
10 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.4m $2.4m 0.02% Reduced -1.0m -1,000,000
11 Western Asset Management Company, LLC 0.67% of their portfolio Pasadena, CA 1,500,0001.5m $1.4m $1.4m 0.67% Unchanged
12 AlphaCentric Advisors LLC 0.95% of their portfolio SAN JUAN, PR 1,465,0001.5m $1.4m $1.4m 0.95% New
13 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 700,000700.0k $666.9k $666.9k 0.05% Unchanged
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 590,000590.0k $552.0k $552.0k 0.00% Added +58.0k +58,000
15 EMG Holdings, L.P. 0.32% of their portfolio OLD GREENWICH, CT 500,000500.0k $469.2k $469.2k 0.32% Reduced -750.0k -750,000
16 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 223,000223.0k $208.5k $208.5k 0.01% Unchanged
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 208,000208.0k $193.4k $193.4k 0.00% Added +18.0k +18,000
18 Perkins Coie Trust Co 0.06% of their portfolio SEATTLE, WA 200,000200.0k $187.0k $187.0k 0.06% Unchanged
19 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 161,000161.0k $150.9k $150.9k 0.00% Unchanged
20 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 100,000100.0k $95.3k $95.3k 0.00% Unchanged
21 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 93,50093.5k $93.5k $93.5k 0.00% Added +4.2k +4,250
22 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 60,00060.0k $56.0k $56.0k 0.00% Unchanged
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 52,00052.0k $48.4k $48.4k 0.00% Unchanged
24 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $46.0k $46.0k 0.00% New
25 Advisors Capital Management, LLC 0.00% of their portfolio RIDGEWOOD, NJ 25,00025.0k $23.0k $23.0k 0.00% New
26 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $23.8k $23.8k 0.00% Reduced -25.0k -25,000
27 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,00025.0k $23.0k $23.0k 0.00% Unchanged
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged