Vault-13

PENNYMAC CORP PMT 5.5 11.01.24

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

46 institutional holders +1 vs Q1 2024
32,068,00032.1m shares reported held*
$363.9mreported value*
8 new 3 added 6 reduced 7 sold out net bought ≈ $24.3m (+13.6m 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 ≈ $11.35.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 29Q1 23: 28Q2 23: 28Q3 23: 35Q4 23: 42Q1 24: 45Q2 24: 4646Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202328
Q2 202328
Q3 202335
Q4 202342
Q1 202445
Q2 202446

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 outQ2 23: 8 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 15 bought or addedQ3 23: 5 cut or sold outQ4 23: 12 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 12 cut or sold outQ2 24: 11 bought or addedQ2 24: 13 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221311
Q1 202399
Q2 2023810
Q3 2023155
Q4 20231210
Q1 20241312
Q2 20241113

Biggest buyers

LORD, ABBETT & CO. LLC New +16,000,000+16.0m
Fort Baker Capital Management LP Added +13,325,000+13.3m
JPMORGAN CHASE & CO New +5,934,000+5.9m
PIPER SANDLER & CO. Added +3,357,000+3.4m
CITIGROUP INC New +2,243,000+2.2m
BOOTHBAY FUND MANAGEMENT, LLC New +1,125,000+1.1m
Merit Financial Group, LLC New +100,000+100.0k
Belpointe Asset Management LLC New +95,000+95.0k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP New +64,000+64.0k
Waycross Investment Management Co New +10,000+10.0k

Biggest sellers

Centiva Capital, LP Sold out -9,500,000-9.5m
SSI INVESTMENT MANAGEMENT LLC Reduced -4,142,000-4.1m
Western Asset Management Company, LLC Sold out -1,500,000-1.5m
F/m Investments LLC Sold out -1,087,000-1.1m
AlphaCentric Advisors LLC Reduced -1,000,000-1.0m
ROYAL BANK OF CANADA Reduced -200,000-200.0k
Central Pacific Bank - Trust Division Reduced -188,000-188.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Sold out -100,000-100.0k
Belpointe Asset Management LLC Sold out -95,000-95.0k
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP Sold out -78,000-78.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fort Baker Capital Management LP 2.14% of their portfolio Larkspur, CA 17,974,00018.0m $18.0m $18.0m 2.14% Added +13.3m +13,325,000
2 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 16,000,00016.0m $15.9m $15.9m 0.03% New
3 FMR LLC 0.00% of their portfolio BOSTON, MA 14,895,00014.9m $14.7m $14.7m 0.00% Unchanged
4 PIPER SANDLER & CO. 10.85% of their portfolio MINNEAPOLIS, MN 14,062,00014.1m $13.9m $13.9m 10.85% Added +3.4m +3,357,000
5 Walleye Capital LLC 0.09% of their portfolio NEW YORK, NY 8,440,0008.4m $8.4m $8.4m 0.09% Unchanged
6 AMERICAN FINANCIAL GROUP INC 3.01% of their portfolio CINCINNATI, OH 7,000,0007.0m $7.0m $7.0m 3.01% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.48% of their portfolio Los Angeles, CA 6,324,0006.3m $6.2m $6.2m 0.48% Reduced -4.1m -4,142,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,934,0005.9m $5.9m $5.9m 0.00% New
9 INCOME RESEARCH & MANAGEMENT 3.35% of their portfolio Boston, MA 5,875,0005.9m $5.8m $5.8m 3.35% Unchanged
10 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 4,000,0004.0m $4.0m $4.0m 0.01% Unchanged
11 Spectrum Strategic Capital Management, LLC 2.75% of their portfolio CORVALLIS, OR 3,814,0003.8m $3.8m $3.8m 2.75% Reduced -3.0k -3,000
12 WESTWOOD HOLDINGS GROUP INC 1.15% of their portfolio DALLAS, TX 2,500,0002.5m $246.9m $246.9m 1.15% Unchanged
13 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,243,0002.2m $2.2m $2.2m 0.00% New
14 OAKTREE CAPITAL MANAGEMENT LP 0.04% of their portfolio LOS ANGELES, CA 2,100,0002.1m $2.1m $2.1m 0.04% Unchanged
15 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,340,0001.3m $1.3m $1.3m 0.00% Unchanged
16 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,150,0001.1m $1.2m $1.2m 0.00% Unchanged
17 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 1,125,0001.1m $1.1m $1.1m 0.03% New
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,115,0001.1m $1.1m $1.1m 0.00% Reduced -200.0k -200,000
19 AlphaCentric Advisors LLC 0.70% of their portfolio SAN JUAN, PR 965,000965.0k $956.6k $956.6k 0.70% Reduced -1.0m -1,000,000
20 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 700,000700.0k $706.6k $706.6k 0.05% Unchanged
21 EMG Holdings, L.P. 0.57% of their portfolio OLD GREENWICH, CT 500,000500.0k $499.2k $499.2k 0.57% Unchanged
22 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 474,000474.0k $468.1k $468.1k 0.00% Unchanged
23 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 295,000295.0k $291.3k $291.3k 0.03% Reduced -188.0k -188,000
24 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 209,000209.0k $206.4k $206.4k 0.01% Reduced -14.0k -14,000
25 Perkins Coie Trust Co 0.05% of their portfolio SEATTLE, WA 200,000200.0k $197.5k $197.5k 0.05% Unchanged
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 166,000166.0k $165.7k $165.7k 0.00% Unchanged
27 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 115,000115.0k $113.6k $113.6k 0.00% Unchanged
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 113,563113.6k $113.6k $113.6k 0.00% Added +288 +288
29 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 100,000100.0k $100.0k $100.0k 0.00% New
30 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 95,00095.0k $95.0k $95.0k 0.01% New
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 77,00077.0k $77.0k $77.0k 0.00% Unchanged
32 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 0.04% of their portfolio HINGHAM, MA 64,00064.0k $63.2k $63.2k 0.04% New
33 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.01% of their portfolio CEDARBURG, WI 51,00051.0k $50.4k $50.4k 0.01% Unchanged
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 50,00050.0k $50.0k $50.0k 0.00% Unchanged
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 50,00050.0k $49.4k $49.4k 0.00% Unchanged
36 Forum Financial Management, LP 0.00% of their portfolio LOMBARD, IL 50,00050.0k $50.5k $50.5k 0.00% Unchanged
37 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 25,00025.0k $25.2k $25.2k 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 $24.7k $24.7k 0.00% Unchanged
40 LPF Advisors LLC 0.02% of their portfolio SARASOTA, FL 25,00025.0k $25.0k $25.0k 0.02% Unchanged
41 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 20,00020.0k $19.8k $19.8k 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 Waycross Investment Management Co 0.01% of their portfolio BELLINGHAM, WA 10,00010.0k $10.0k $10.0k 0.01% New
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,0006.0k $6.0k $6.0k 0.00% Unchanged
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $9.9k $9.9k 0.00% Unchanged
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged