Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

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

45 institutional holders +3 vs Q4 2023
18,421,00018.4m shares reported held*
$94.9mreported value*
7 new 6 added 7 reduced 5 sold out net sold ≈ $8.7m (-1.0m 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 ≈ $5.15.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 29Q1 23: 28Q2 23: 28Q3 23: 35Q4 23: 42Q1 24: 4545Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328
Q2 202328
Q3 202335
Q4 202342
Q1 202445

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 23Q1 24: 13 bought or addedQ1 24: 12 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399
Q2 2023810
Q3 2023155
Q4 20231210
Q1 20241312

Biggest buyers

Walleye Capital LLC New +8,440,000+8.4m
PIPER SANDLER & CO. Added +5,391,000+5.4m
Fort Baker Capital Management LP New +4,649,000+4.6m
Centiva Capital, LP Added +1,500,000+1.5m
ROYAL BANK OF CANADA Added +604,000+604.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO New +100,000+100.0k
Belpointe Asset Management LLC New +95,000+95.0k
Cetera Investment Advisers New +50,000+50.0k
Stordahl Capital Management, Inc. New +30,000+30.0k
LPL Financial LLC Added +25,000+25.0k

Biggest sellers

OAKTREE CAPITAL MANAGEMENT LP Reduced -13,600,000-13.6m
WATERFALL ASSET MANAGEMENT, LLC Sold out -12,149,000-12.1m
Russell Investments Group, Ltd. Reduced -2,355,000-2.4m
F/m Investments LLC Reduced -1,190,000-1.2m
SSI INVESTMENT MANAGEMENT LLC Reduced -254,000-254.0k
BANK OF AMERICA CORP /DE/ Sold out -50,000-50.0k
Raymond James Financial Services Advisors, Inc. Reduced -50,000-50.0k
Cetera Advisor Networks LLC Sold out -50,000-50.0k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP Reduced -20,000-20.0k
Waycross Investment Management Co Sold out -10,000-10.0k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.00% of their portfolio BOSTON, MA 14,895,00014.9m $14.7m $14.7m 0.00% Unchanged
2 PIPER SANDLER & CO. 7.26% of their portfolio MINNEAPOLIS, MN 10,705,00010.7m $10.5m $10.5m 7.26% Added +5.4m +5,391,000
3 SSI INVESTMENT MANAGEMENT LLC 0.78% of their portfolio Los Angeles, CA 10,466,00010.5m $10.3m $10.3m 0.78% Reduced -254.0k -254,000
4 Centiva Capital, LP 0.53% of their portfolio New York, NY 9,500,0009.5m $9.4m $9.4m 0.53% Added +1.5m +1,500,000
5 Walleye Capital LLC 0.09% of their portfolio NEW YORK, NY 8,440,0008.4m $8.3m $8.3m 0.09% New
6 AMERICAN FINANCIAL GROUP INC 2.60% of their portfolio CINCINNATI, OH 7,000,0007.0m $6.9m $6.9m 2.60% Unchanged
7 INCOME RESEARCH & MANAGEMENT 3.90% of their portfolio Boston, MA 5,875,0005.9m $5.8m $5.8m 3.90% Unchanged
8 Fort Baker Capital Management LP 0.68% of their portfolio Larkspur, CA 4,649,0004.6m $4.7m $4.7m 0.68% New
9 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 4,000,0004.0m $4.0m $4.0m 0.01% Unchanged
10 Spectrum Strategic Capital Management, LLC 2.87% of their portfolio CORVALLIS, OR 3,817,0003.8m $3.8m $3.8m 2.87% Reduced -5.0k -5,000
11 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.5m $2.5m 0.02% Unchanged
12 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 2,100,0002.1m $2.1m $2.1m 0.03% Reduced -13.6m -13,600,000
13 AlphaCentric Advisors LLC 1.17% of their portfolio SAN JUAN, PR 1,965,0002.0m $1.9m $1.9m 1.17% Unchanged
14 Western Asset Management Company, LLC 1.41% of their portfolio Pasadena, CA 1,500,0001.5m $1.5m $1.5m 1.41% Unchanged
15 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,340,0001.3m $1.3m $1.3m 0.00% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,315,0001.3m $1.3m $1.3m 0.00% Added +604.0k +604,000
17 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,150,0001.1m $1.2m $1.2m 0.00% Reduced -2.4m -2,355,000
18 F/m Investments LLC 0.72% of their portfolio WASHINGTON, DC 1,087,0001.1m $1.1m $1.1m 0.72% Reduced -1.2m -1,190,000
19 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 700,000700.0k $708.0k $708.0k 0.05% Unchanged
20 EMG Holdings, L.P. 0.52% of their portfolio OLD GREENWICH, CT 500,000500.0k $492.9k $492.9k 0.52% Unchanged
21 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 483,000483.0k $475.8k $475.8k 0.06% First filing
22 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 474,000474.0k $466.9k $466.9k 0.00% Unchanged
23 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 223,000223.0k $219.7k $219.7k 0.01% Unchanged
24 Perkins Coie Trust Co 0.05% of their portfolio SEATTLE, WA 200,000200.0k $197.0k $197.0k 0.05% Unchanged
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 166,000166.0k $165.6k $165.6k 0.00% Unchanged
26 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 115,000115.0k $113.3k $113.3k 0.00% Reduced -50.0k -50,000
27 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 113,275113.3k $113.3k $113.3k 0.00% Added +1.4k +1,437
28 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 100,000100.0k $98.5k $98.5k 0.00% New
29 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 95,00095.0k $93.9k $93.9k 0.01% New
30 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 0.06% of their portfolio HINGHAM, MA 78,00078.0k $76.8k $76.8k 0.06% Reduced -20.0k -20,000
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 77,00077.0k $76.1k $76.1k 0.00% Added +25.0k +25,000
32 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.01% of their portfolio CEDARBURG, WI 51,00051.0k $50.2k $50.2k 0.01% Added +14.0k +14,000
33 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $49.0k $49.0k 0.00% Unchanged
34 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 50,00050.0k $49.2k $49.2k 0.00% New
35 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 50,00050.0k $50.6k $50.6k 0.00% Unchanged
36 Stordahl Capital Management, Inc. 0.01% of their portfolio GREENWOOD VILLAGE, CO 30,00030.0k $29.7k $29.7k 0.01% New
37 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $25.3k $25.3k 0.00% Unchanged
38 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,00025.0k $25.0k $25.0k 0.00% Unchanged
39 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 25,00025.0k $24.6k $24.6k 0.00% Unchanged
40 LPF Advisors LLC 0.02% of their portfolio SARASOTA, FL 25,00025.0k $24.7k $24.7k 0.02% Unchanged
41 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 20,00020.0k $19.7k $19.7k 0.00% Unchanged
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $10.0k $10.0k 0.00% Unchanged
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,0006.0k $5.9k $5.9k 0.00% New
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $9.8k $9.8k 0.00% Unchanged
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged