Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

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

28 institutional holders +0 vs Q1 2023
11,987,00012.0m shares reported held*
$88.8mreported value*
3 new 5 added 6 reduced 4 sold out net sold ≈ $25.2m (+2.5m 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 ≈ $7.41.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 27Q4 22: 29Q1 23: 28Q2 23: 2828Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328
Q2 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 23Q2 23: 8 bought or addedQ2 23: 10 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399
Q2 2023810

Biggest buyers

MOORE CAPITAL MANAGEMENT, LP Added +2,740,000+2.7m
ROYAL BANK OF CANADA Added +1,605,000+1.6m
AlphaCentric Advisors LLC Added +500,000+500.0k
SSI INVESTMENT MANAGEMENT LLC Added +94,000+94.0k
HighTower Advisors, LLC New +50,000+50.0k
Gladstone Institutional Advisory LLC New +25,000+25.0k
STIFEL FINANCIAL CORP Added +24,000+24.0k
OSAIC HOLDINGS, INC. New +10+10

Biggest sellers

FMR LLC Reduced -14,895,000-14.9m
LAZARD ASSET MANAGEMENT LLC Reduced -8,218,000-8.2m
OAKTREE CAPITAL MANAGEMENT LP Reduced -4,074,000-4.1m
PALISADE CAPITAL MANAGEMENT, LP Sold out -2,866,000-2.9m
Russell Investments Group, Ltd. Reduced -846,000-846.0k
INCOME RESEARCH & MANAGEMENT Reduced -625,000-625.0k
CENTAURUS FINANCIAL, INC. Sold out -60,000-60.0k
Forum Financial Management, LP Reduced -50,000-50.0k
HighTower Advisors, LLC Sold out -50,000-50.0k
Advisors Capital Management, LLC Sold out -25,000-25.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARINGS LLC 0.56% of their portfolio CHARLOTTE, NC 17,000,00017.0m $16.5m $16.5m 0.56% Unchanged
2 FMR LLC 0.00% of their portfolio BOSTON, MA 14,895,00014.9m $14.0m $14.0m 0.00% Reduced -14.9m -14,895,000
3 OAKTREE CAPITAL MANAGEMENT LP 0.18% of their portfolio LOS ANGELES, CA 13,911,00013.9m $13.1m $13.1m 0.18% Reduced -4.1m -4,074,000
4 SSI INVESTMENT MANAGEMENT LLC 0.71% of their portfolio Los Angeles, CA 10,717,00010.7m $10.1m $10.1m 0.71% Added +94.0k +94,000
5 AMERICAN FINANCIAL GROUP INC 2.04% of their portfolio CINCINNATI, OH 7,000,0007.0m $6.6m $6.6m 2.04% Unchanged
6 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,906,0006.9m $6.5m $6.5m 0.01% Reduced -8.2m -8,218,000
7 INCOME RESEARCH & MANAGEMENT 3.43% of their portfolio Boston, MA 5,875,0005.9m $5.5m $5.5m 3.43% Reduced -625.0k -625,000
8 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,704,0003.7m $3.5m $3.5m 0.01% Reduced -846.0k -846,000
9 MOORE CAPITAL MANAGEMENT, LP 0.07% of their portfolio NEW YORK, NY 2,901,0002.9m $2.7m $2.7m 0.07% Added +2.7m +2,740,000
10 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.4m $2.4m 0.02% Unchanged
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,195,0002.2m $2.1m $2.1m 0.00% Added +1.6m +1,605,000
12 AlphaCentric Advisors LLC 1.03% of their portfolio SAN JUAN, PR 1,965,0002.0m $1.9m $1.9m 1.03% Added +500.0k +500,000
13 Western Asset Management Company, LLC 0.63% of their portfolio Pasadena, CA 1,500,0001.5m $1.4m $1.4m 0.63% Unchanged
14 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 700,000700.0k $665.4k $665.4k 0.05% Unchanged
15 EMG Holdings, L.P. 0.29% of their portfolio OLD GREENWICH, CT 500,000500.0k $472.5k $472.5k 0.29% Unchanged
16 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 446,000446.0k $419.2k $419.2k 0.00% First filing
17 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 223,000223.0k $209.6k $209.6k 0.01% Unchanged
18 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 208,000208.0k $201.8k $201.8k 0.00% Unchanged
19 Perkins Coie Trust Co 0.05% of their portfolio SEATTLE, WA 200,000200.0k $188.0k $188.0k 0.05% Unchanged
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 117,500117.5k $117.5k $117.5k 0.00% Added +24.0k +24,000
21 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 52,00052.0k $49.0k $49.0k 0.00% Unchanged
22 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $47.0k $47.0k 0.00% New
23 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 50,00050.0k $47.5k $47.5k 0.00% Reduced -50.0k -50,000
24 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $23.8k $23.8k 0.00% Unchanged
25 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,00025.0k $24.0k $24.0k 0.00% Unchanged
26 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 25,00025.0k $23.5k $23.5k 0.00% New
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $9.4k $9.4k 0.00% New
28 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged