Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

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

42 institutional holders +7 vs Q3 2023
19,461,00019.5m shares reported held*
$101.8mreported value*
9 new 3 added 5 reduced 5 sold out net sold ≈ $8.3m (+2.3m 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 ≈ $5.23.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 29Q1 23: 28Q2 23: 28Q3 23: 35Q4 23: 4242Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328
Q2 202328
Q3 202335
Q4 202342

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 23Q4 23: 12 bought or addedQ4 23: 10 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399
Q2 2023810
Q3 2023155
Q4 20231210

Biggest buyers

Centiva Capital, LP New +8,000,000+8.0m
PIPER SANDLER & CO. New +5,314,000+5.3m
F/m Investments LLC New +2,277,000+2.3m
AVIVA PLC Added +440,000+440.0k
OAKTREE CAPITAL MANAGEMENT LP Added +347,000+347.0k
Raymond James Financial Services Advisors, Inc. Added +150,000+150.0k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP New +98,000+98.0k
BANK OF AMERICA CORP /DE/ New +50,000+50.0k
SCHMIDT P J INVESTMENT MANAGEMENT INC New +37,000+37.0k
Gladstone Institutional Advisory LLC New +25,000+25.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -22,109,000-22.1m
LAZARD ASSET MANAGEMENT LLC Sold out -2,250,000-2.2m
Russell Investments Group, Ltd. Reduced -525,000-525.0k
Harbour Capital Advisors, LLC Sold out -150,000-150.0k
BARCLAYS PLC Sold out -100,000-100.0k
SSI INVESTMENT MANAGEMENT LLC Reduced -94,000-94.0k
CENTAURUS FINANCIAL, INC. Sold out -60,000-60.0k
Gladstone Institutional Advisory LLC Sold out -25,000-25.0k
STIFEL FINANCIAL CORP Reduced -287-287
OSAIC HOLDINGS, INC. Reduced -10-10

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OAKTREE CAPITAL MANAGEMENT LP 0.24% of their portfolio LOS ANGELES, CA 15,700,00015.7m $15.3m $15.3m 0.24% Added +347.0k +347,000
2 FMR LLC 0.00% of their portfolio BOSTON, MA 14,895,00014.9m $14.5m $14.5m 0.00% Unchanged
3 WATERFALL ASSET MANAGEMENT, LLC 6.69% of their portfolio NEW YORK, NY 12,149,00012.1m $11.8m $11.8m 6.69% First filing
4 SSI INVESTMENT MANAGEMENT LLC 0.79% of their portfolio Los Angeles, CA 10,720,00010.7m $10.4m $10.4m 0.79% Reduced -94.0k -94,000
5 Centiva Capital, LP 0.49% of their portfolio New York, NY 8,000,0008.0m $7.8m $7.8m 0.49% New
6 AMERICAN FINANCIAL GROUP INC 2.52% of their portfolio CINCINNATI, OH 7,000,0007.0m $6.8m $6.8m 2.52% Unchanged
7 INCOME RESEARCH & MANAGEMENT 3.96% of their portfolio Boston, MA 5,875,0005.9m $5.7m $5.7m 3.96% Unchanged
8 PIPER SANDLER & CO. 3.90% of their portfolio MINNEAPOLIS, MN 5,314,0005.3m $5.2m $5.2m 3.90% New
9 State of Tennessee, Department of Treasury 0.02% of their portfolio NASHVILLE, TN 4,000,0004.0m $3.9m $3.9m 0.02% Unchanged
10 Spectrum Strategic Capital Management, LLC 3.19% of their portfolio CORVALLIS, OR 3,822,0003.8m $3.7m $3.7m 3.19% First filing
11 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,505,0003.5m $3.5m $3.5m 0.01% Reduced -525.0k -525,000
12 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.5m $2.5m 0.02% Unchanged
13 F/m Investments LLC 1.26% of their portfolio WASHINGTON, DC 2,277,0002.3m $2.2m $2.2m 1.26% New
14 AlphaCentric Advisors LLC 1.29% of their portfolio SAN JUAN, PR 1,965,0002.0m $1.9m $1.9m 1.29% Unchanged
15 Western Asset Management Company, LLC 0.97% of their portfolio Pasadena, CA 1,500,0001.5m $1.5m $1.5m 0.97% Unchanged
16 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,340,0001.3m $1.3m $1.3m 0.00% Added +440.0k +440,000
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 711,000711.0k $691.0k $691.0k 0.00% Reduced -22.1m -22,109,000
18 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 700,000700.0k $690.3k $690.3k 0.05% Unchanged
19 EMG Holdings, L.P. 0.42% of their portfolio OLD GREENWICH, CT 500,000500.0k $493.7k $493.7k 0.42% Unchanged
20 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 474,000474.0k $461.0k $461.0k 0.00% Unchanged
21 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 223,000223.0k $216.9k $216.9k 0.01% Unchanged
22 Perkins Coie Trust Co 0.05% of their portfolio SEATTLE, WA 200,000200.0k $194.5k $194.5k 0.05% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 166,000166.0k $163.5k $163.5k 0.00% Unchanged
24 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 165,000165.0k $160.5k $160.5k 0.00% Added +150.0k +150,000
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 111,838111.8k $111.8k $111.8k 0.00% Reduced -287 -287
26 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 0.08% of their portfolio HINGHAM, MA 98,00098.0k $95.3k $95.3k 0.08% New
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 52,00052.0k $50.8k $50.8k 0.00% Unchanged
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 50,00050.0k $48.6k $48.6k 0.00% New
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $49.0k $49.0k 0.00% Unchanged
30 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 50,00050.0k $48.6k $48.6k 0.00% Unchanged
31 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 50,00050.0k $49.3k $49.3k 0.00% Unchanged
32 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.01% of their portfolio CEDARBURG, WI 37,00037.0k $36.0k $36.0k 0.01% New
33 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $24.7k $24.7k 0.00% Unchanged
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,00025.0k $24.0k $24.0k 0.00% Unchanged
35 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 25,00025.0k $24.3k $24.3k 0.00% New
36 LPF Advisors LLC 0.03% of their portfolio SARASOTA, FL 25,00025.0k $24.4k $24.4k 0.03% First filing
37 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 20,00020.0k $19.4k $19.4k 0.00% New
38 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $10.0k $10.0k 0.00% New
39 Waycross Investment Management Co 0.01% of their portfolio BELLINGHAM, WA 10,00010.0k $9.8k $9.8k 0.01% Unchanged
40 Left Brain Wealth Management, LLC 0.01% of their portfolio NAPERVILLE, IL 10,00010.0k $9.8k $9.8k 0.01% Unchanged
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $9.7k $9.7k 0.00% Reduced -10 -10
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged