Vault-13

PENNYMAC CORP PMT 8.5 06.01.29

NOTE 8.500% 6/0 · US DOMESTIC · CUSIP 70932AAH6

31 institutional holders +1 vs Q1 2026
4,260,0004.3m shares reported held*
$258.5mreported value*
3 new 14 added 4 reduced 2 sold out net sold ≈ $6.7m (-690.0k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.20.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 19Q3 25: 23Q4 25: 27Q1 26: 30Q2 26: 3131Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202519
Q3 202523
Q4 202527
Q1 202630
Q2 202631

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 11 bought or addedQ3 25: 8 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 7 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 12 cut or sold outQ1 26Q2 26: 17 bought or addedQ2 26: 6 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025118
Q4 2025107
Q1 20261212
Q2 2026176

Biggest buyers

UBS Group AG Added +12,000,000+12.0m
SSI INVESTMENT MANAGEMENT LLC New +5,500,000+5.5m
OAKTREE CAPITAL MANAGEMENT LP Added +3,130,000+3.1m
ADVENT CAPITAL MANAGEMENT /DE/ Added +3,045,000+3.0m
INTREPID CAPITAL MANAGEMENT INC Added +2,000,000+2.0m
Russell Investments Group, Ltd. Added +1,518,000+1.5m
BlackRock, Inc. Added +1,500,000+1.5m
JPMORGAN CHASE & CO Added +1,258,000+1.3m
MARINER INVESTMENT GROUP LLC Added +1,000,000+1.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +1,000,000+1.0m

Biggest sellers

WATERFALL ASSET MANAGEMENT, LLC Reduced -18,297,000-18.3m
Context Capital Management, LLC Reduced -14,145,000-14.1m
ROYAL BANK OF CANADA Reduced -6,658,000-6.7m
SSI INVESTMENT MANAGEMENT LLC Sold out -1,500,000-1.5m
WELLS FARGO & COMPANY/MN Reduced -1,000,000-1.0m
F/m Investments LLC Sold out -200,000-200.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Context Capital Management, LLC 0.97% of their portfolio LAJOLLA, CA 47,155,00047.2m $48.3m $48.3m 0.97% Reduced -14.1m -14,145,000
2 WATERFALL ASSET MANAGEMENT, LLC 25.51% of their portfolio NEW YORK, NY 41,022,00041.0m $41.7m $41.7m 25.51% Reduced -18.3m -18,297,000
3 ADVENT CAPITAL MANAGEMENT /DE/ 0.47% of their portfolio NEW YORK, NY 20,188,00020.2m $20.8m $20.8m 0.47% Added +3.0m +3,045,000
4 HBK INVESTMENTS L P 0.18% of their portfolio DALLAS, TX 15,250,00015.2m $15.7m $15.7m 0.18% Unchanged
5 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 13,000,00013.0m $13.2m $13.2m 0.01% Unchanged
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,000,00013.0m $13.2m $13.2m 0.00% Added +12.0m +12,000,000
7 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 11,400,00011.4m $11.8m $11.8m 0.01% Added +1.0m +1,000,000
8 INTREPID CAPITAL MANAGEMENT INC 3.99% of their portfolio JACKSONVILLE BEACH, FL 11,000,00011.0m $11.3m $11.3m 3.99% Added +2.0m +2,000,000
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,567,00010.6m $10.7m $10.7m 0.00% Reduced -6.7m -6,658,000
10 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 9,850,0009.8m $10.0m $10.0m 0.01% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,350,0009.3m $9.6m $9.6m 0.00% Added +1.0m +1,000,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,350,0007.3m $7.5m $7.5m 0.00% Added +1.5m +1,500,000
13 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 7,101,0007.1m $7.3m $7.3m 0.14% Added +3.1m +3,130,000
14 SSI INVESTMENT MANAGEMENT LLC 0.32% of their portfolio Los Angeles, CA 5,500,0005.5m $5.6m $5.6m 0.32% New
15 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 5,500,0005.5m $5.6m $5.6m 0.01% Unchanged
16 Catalyst Capital Advisors LLC 0.07% of their portfolio San Juan, PR 4,000,0004.0m $4.1m $4.1m 0.07% Added +1.0m +1,000,000
17 CORBYN INVESTMENT MANAGEMENT INC/MD 1.03% of their portfolio Lutherville, MD 3,495,0003.5m $3.6m $3.6m 1.03% Added +650.0k +650,000
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,418,0003.4m $3.5m $3.5m 0.00% Added +1.3m +1,258,000
19 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,363,0003.4m $3.5m $3.5m 0.00% Added +1.5m +1,518,000
20 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 2,542,0002.5m $2.6m $2.6m 0.11% Unchanged
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,280,0002.3m $2.3m $2.3m 0.00% Reduced -1.0m -1,000,000
22 MARINER INVESTMENT GROUP LLC 0.48% of their portfolio NEW YORK, NY 2,000,0002.0m $2.0m $2.0m 0.48% Added +1.0m +1,000,000
23 ZAZOVE ASSOCIATES LLC 0.03% of their portfolio INCLINE VILLAGE, NV 370,000370.0k $377.5k $377.5k 0.03% New
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $204.0k $204.0k 0.00% Unchanged
25 F/m Investments LLC 0.01% of their portfolio WASHINGTON, DC 200,000200.0k $203.9k $203.9k 0.01% New
26 Ares Systematic Credit Ltd 0.06% of their portfolio LONDON, X0 100,000100.0k $102.3k $102.3k 0.06% Unchanged
27 Central Pacific Bank - Trust Division 0.01% of their portfolio HONOLULU, HI 65,00065.0k $66.0k $66.0k 0.01% Unchanged
28 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 60,00060.0k $60.9k $60.9k 0.00% Added +10.0k +10,000
29 Centiva Capital, LP 0.17% of their portfolio New York, NY 49,21749.2k $5.0m $5.0m 0.17% Added +11.1k +11,067
30 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 8,7708.8k $897.0k $897.0k 0.00% Unchanged
31 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,0005.0k $5.1k $5.1k 0.00% Unchanged