Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

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

35 institutional holders +7 vs Q2 2023
13,334,00013.3m shares reported held*
$94.8mreported value*
9 new 6 added 3 reduced 2 sold out net bought ≈ $3.1m (+1.3m 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 ≈ $7.11.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 27Q4 22: 29Q1 23: 28Q2 23: 28Q3 23: 3535Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328
Q2 202328
Q3 202335

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 23Q3 23: 15 bought or addedQ3 23: 5 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399
Q2 2023810
Q3 2023155

Biggest buyers

ROYAL BANK OF CANADA Added +20,625,000+20.6m
State of Tennessee, Department of Treasury New +4,000,000+4.0m
OAKTREE CAPITAL MANAGEMENT LP Added +1,442,000+1.4m
AVIVA PLC New +900,000+900.0k
Russell Investments Group, Ltd. Added +326,000+326.0k
WELLS FARGO & COMPANY/MN New +166,000+166.0k
Harbour Capital Advisors, LLC New +150,000+150.0k
SSI INVESTMENT MANAGEMENT LLC Added +97,000+97.0k
CENTAURUS FINANCIAL, INC. New +60,000+60.0k
Cetera Advisor Networks LLC New +50,000+50.0k

Biggest sellers

BARINGS LLC Sold out -17,000,000-17.0m
LAZARD ASSET MANAGEMENT LLC Reduced -4,656,000-4.7m
MOORE CAPITAL MANAGEMENT, LP Sold out -2,901,000-2.9m
BARCLAYS PLC Reduced -108,000-108.0k
STIFEL FINANCIAL CORP Reduced -5,375-5.4k

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 22,820,00022.8m $22.2m $22.2m 0.01% Added +20.6m +20,625,000
2 OAKTREE CAPITAL MANAGEMENT LP 0.23% of their portfolio LOS ANGELES, CA 15,353,00015.4m $15.0m $15.0m 0.23% Added +1.4m +1,442,000
3 FMR LLC 0.00% of their portfolio BOSTON, MA 14,895,00014.9m $14.5m $14.5m 0.00% Unchanged
4 SSI INVESTMENT MANAGEMENT LLC 0.86% of their portfolio Los Angeles, CA 10,814,00010.8m $10.5m $10.5m 0.86% Added +97.0k +97,000
5 AMERICAN FINANCIAL GROUP INC 2.36% of their portfolio CINCINNATI, OH 7,000,0007.0m $6.9m $6.9m 2.36% Unchanged
6 INCOME RESEARCH & MANAGEMENT 4.48% of their portfolio Boston, MA 5,875,0005.9m $5.7m $5.7m 4.48% Unchanged
7 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,030,0004.0m $4.0m $4.0m 0.01% Added +326.0k +326,000
8 State of Tennessee, Department of Treasury 0.02% of their portfolio NASHVILLE, TN 4,000,0004.0m $3.9m $3.9m 0.02% New
9 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.5m $2.5m 0.02% Unchanged
10 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,250,0002.2m $2.2m $2.2m 0.00% Reduced -4.7m -4,656,000
11 AlphaCentric Advisors LLC 1.09% of their portfolio SAN JUAN, PR 1,965,0002.0m $1.9m $1.9m 1.09% Unchanged
12 Western Asset Management Company, LLC 0.67% of their portfolio Pasadena, CA 1,500,0001.5m $1.5m $1.5m 0.67% Unchanged
13 AVIVA PLC 0.00% of their portfolio LONDON, X0 900,000900.0k $877.5k $877.5k 0.00% New
14 PARSONS CAPITAL MANAGEMENT INC/RI 0.06% of their portfolio PROVIDENCE, RI 700,000700.0k $701.4k $701.4k 0.06% Unchanged
15 EMG Holdings, L.P. 0.38% of their portfolio OLD GREENWICH, CT 500,000500.0k $490.1k $490.1k 0.38% Unchanged
16 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 474,000474.0k $462.1k $462.1k 0.00% Added +28.0k +28,000
17 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 223,000223.0k $217.4k $217.4k 0.01% Unchanged
18 Perkins Coie Trust Co 0.06% of their portfolio SEATTLE, WA 200,000200.0k $195.0k $195.0k 0.06% Unchanged
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 166,000166.0k $162.5k $162.5k 0.00% New
20 Harbour Capital Advisors, LLC 0.04% of their portfolio TYSONS CORNER, VA 150,000150.0k $146.2k $146.2k 0.04% New
21 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 112,125112.1k $112.1k $112.1k 0.00% Reduced -5.4k -5,375
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 100,000100.0k $97.2k $97.2k 0.00% Reduced -108.0k -108,000
23 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 60,00060.0k $59.0k $59.0k 0.01% New
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 52,00052.0k $50.9k $50.9k 0.00% Unchanged
25 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $49.0k $49.0k 0.00% Unchanged
26 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 50,00050.0k $48.8k $48.8k 0.00% New
27 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 50,00050.0k $50.1k $50.1k 0.00% Unchanged
28 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $25.1k $25.1k 0.00% Unchanged
29 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,00025.0k $24.0k $24.0k 0.00% Unchanged
30 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 25,00025.0k $24.4k $24.4k 0.00% Unchanged
31 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 15,00015.0k $14.6k $14.6k 0.00% New
32 Waycross Investment Management Co 0.01% of their portfolio BELLINGHAM, WA 10,00010.0k $9.8k $9.8k 0.01% New
33 Left Brain Wealth Management, LLC 0.01% of their portfolio NAPERVILLE, IL 10,00010.0k $9.8k $9.8k 0.01% New
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2020 $19.5k $19.5k 0.00% Added +10 +10
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged