Vault-13

PENNYMAC CORP PMT 5.5 03.15.26

NOTE 5.500% 3/1 · US DOMESTIC · CUSIP 70932AAF0

45 institutional holders +10 vs Q4 2024
23,554,00023.6m shares reported held*
$256.6mreported value*
11 new 7 added 5 reduced 2 sold out net bought ≈ $89.2m (+18.4m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.98.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 26Q4 22: 29Q1 23: 30Q2 23: 30Q3 23: 31Q4 23: 28Q1 24: 30Q2 24: 31Q3 24: 33Q4 24: 35Q1 25: 4545Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202226
Q4 202229
Q1 202330
Q2 202330
Q3 202331
Q4 202328
Q1 202430
Q2 202431
Q3 202433
Q4 202435
Q1 202545

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q2 23: 2 bought or addedQ2 23: 5 cut or sold outQ3 23: 11 bought or addedQ3 23: 6 cut or sold outQ3 23Q4 23: 5 bought or addedQ4 23: 10 cut or sold outQ1 24: 7 bought or addedQ1 24: 8 cut or sold outQ1 24Q2 24: 9 bought or addedQ2 24: 9 cut or sold outQ3 24: 7 bought or addedQ3 24: 13 cut or sold outQ3 24Q4 24: 12 bought or addedQ4 24: 9 cut or sold outQ1 25: 18 bought or addedQ1 25: 7 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202325
Q3 2023116
Q4 2023510
Q1 202478
Q2 202499
Q3 2024713
Q4 2024129
Q1 2025187

Biggest buyers

Shaolin Capital Management LLC New +42,402,000+42.4m
MILLENNIUM MANAGEMENT LLC New +20,000,000+20.0m
Parallax Volatility Advisers, L.P. New +10,000,000+10.0m
Fort Baker Capital Management LP New +9,377,000+9.4m
JPMORGAN CHASE & CO New +4,759,000+4.8m
INTREPID CAPITAL MANAGEMENT INC Added +3,000,000+3.0m
OAKTREE CAPITAL MANAGEMENT LP Added +1,820,000+1.8m
Russell Investments Group, Ltd. Added +1,676,000+1.7m
ROYAL BANK OF CANADA Added +763,000+763.0k
WELLS FARGO & COMPANY/MN New +425,000+425.0k

Biggest sellers

BARCLAYS PLC Reduced -1,709,000-1.7m
JANE STREET GROUP, LLC Sold out -1,608,000-1.6m
LORD, ABBETT & CO. LLC Reduced -1,000,000-1.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -414,000-414.0k
BlackRock, Inc. Reduced -300,000-300.0k
CHOREO, LLC Sold out -22,000-22.0k
BANK OF AMERICA CORP /DE/ Reduced -2,000-2.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 50,000,00050.0m $49.7m $49.7m 0.07% Unchanged
2 Shaolin Capital Management LLC 1.70% of their portfolio Miami, FL 42,402,00042.4m $41.9m $41.9m 1.70% New
3 HBK INVESTMENTS L P 0.38% of their portfolio DALLAS, TX 21,840,00021.8m $21.7m $21.7m 0.38% Not comparable
4 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 21,500,00021.5m $21.3m $21.3m 0.01% Unchanged
5 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,000,00020.0m $19.8m $19.8m 0.02% New
6 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 10,400,00010.4m $10.3m $10.3m 0.04% Reduced -1.0m -1,000,000
7 Parallax Volatility Advisers, L.P. 0.32% of their portfolio San Francisco, CA 10,000,00010.0m $9.9m $9.9m 0.32% New
8 Fort Baker Capital Management LP 1.98% of their portfolio Larkspur, CA 9,377,0009.4m $9.3m $9.3m 1.98% New
9 WOLVERINE ASSET MANAGEMENT LLC 0.17% of their portfolio CHICAGO, IL 9,000,0009.0m $8.9m $8.9m 0.17% Unchanged
10 INTREPID CAPITAL MANAGEMENT INC 3.42% of their portfolio JACKSONVILLE BEACH, FL 7,110,0007.1m $7.0m $7.0m 3.42% Added +3.0m +3,000,000
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,090,0007.1m $7.0m $7.0m 0.00% Added +763.0k +763,000
12 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 6,589,0006.6m $6.6m $6.6m 0.13% Added +1.8m +1,820,000
13 Amundi 0.00% of their portfolio Paris, I0 6,567,0006.6m $6.5m $6.5m 0.00% Unchanged
14 SSI INVESTMENT MANAGEMENT LLC 0.44% of their portfolio Los Angeles, CA 5,712,0005.7m $5.7m $5.7m 0.44% Added +287.0k +287,000
15 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,977,0005.0m $4.9m $4.9m 0.01% Added +1.7m +1,676,000
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,759,0004.8m $4.8m $4.8m 0.00% New
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,635,0003.6m $3.6m $3.6m 0.00% Reduced -300.0k -300,000
18 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 2,934,0002.9m $2.9m $2.9m 0.07% Reduced -414.0k -414,000
19 Catalyst Capital Advisors LLC 0.05% of their portfolio San Juan, PR 2,700,0002.7m $2.7m $2.7m 0.05% Unchanged
20 Western Asset Management Company, LLC 4.02% of their portfolio Pasadena, CA 1,930,0001.9m $1.9m $1.9m 4.02% Unchanged
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,650,0001.6m $1.6m $1.6m 0.00% Unchanged
22 AXA S.A. 0.00% of their portfolio PARIS, I0 1,000,0001.0m $989.5k $989.5k 0.00% Unchanged
23 EMG Holdings, L.P. 1.19% of their portfolio OLD GREENWICH, CT 1,000,0001.0m $990.7k $990.7k 1.19% Unchanged
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 425,000425.0k $425.5k $425.5k 0.00% New
25 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 382,000382.0k $378.0k $378.0k 0.03% Unchanged
26 CORBYN INVESTMENT MANAGEMENT INC/MD 0.13% of their portfolio Lutherville, MD 343,000343.0k $339.4k $339.4k 0.13% New
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 299,000299.0k $299.4k $299.4k 0.00% Reduced -1.7m -1,709,000
28 Left Brain Wealth Management, LLC 0.10% of their portfolio NAPERVILLE, IL 235,000235.0k $232.5k $232.5k 0.10% Unchanged
29 Huntleigh Advisors, Inc. 0.04% of their portfolio ST. LOUIS, MO 230,000230.0k $227.6k $227.6k 0.04% Unchanged
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $200.2k $200.2k 0.00% Unchanged
31 PIPER SANDLER & CO. 0.13% of their portfolio MINNEAPOLIS, MN 173,000173.0k $171.2k $171.2k 0.13% New
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 100,000100.0k $99.0k $99.0k 0.00% Unchanged
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 88,00088.0k $87.1k $87.1k 0.00% Added +11.0k +11,000
34 SteelPeak Wealth, LLC 0.00% of their portfolio WOODLAND HILLS, CA 75,00075.0k $74.2k $74.2k 0.00% Unchanged
35 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 50,00050.0k $49.5k $49.5k 0.00% Unchanged
36 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 45,00045.0k $44.5k $44.5k 0.00% New
37 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 39,00039.0k $38.6k $38.6k 0.00% New
38 Sabal Trust CO 0.00% of their portfolio ST. PETERSBURG, FL 30,00030.0k $29.7k $29.7k 0.00% New
39 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 25,00025.0k $24.8k $24.8k 0.00% Unchanged
40 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 11,00011.0k $10.9k $10.9k 0.00% Unchanged
41 Context Capital Management, LLC 0.23% of their portfolio LAJOLLA, CA 6,0126.0k $6.0m $6.0m 0.23% Added +3.3k +3,251
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0006.0k $5.9k $5.9k 0.00% Reduced -2.0k -2,000
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,0005.0k $4.9k $4.9k 0.00% Unchanged
44 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 249249 $24.7k $24.7k 0.00% Unchanged
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged