PennyMac Financial Services, Inc.

PFSI • NYSE

PennyMac Financial Services, Inc. is a financial - mortgages company in the financial services sector on NYSE, led by David A. Spector, with a market cap of $6.9B. As of Q3 2025, 62% of shares are held by 225 institutional investors, with MFN Partners Management, LP as the largest holder at 8.76%.

Chairman of the Board and Chief Executive OfficerDavid A. Spector

Market Cap$6.9B

Financial - Mortgages

Financial Services

Employees3.9K

Websiteir.pennymacfinancial.com

Country

United States of America

Overview

Overview of institutional ownership in PFSI as of Q3 2025 with a market cap of $6.4B

All Institutions

Institutions: 225
Value Held: $4.0B
Shares Held: 32.0M
Avg Position: $17.6M
Median Position: $586.3K

Hedge Funds

Hedge Funds: 35
Value Held: $1.0B
Shares Held: 8.4M
Avg Position: $29.8M
Median Position: $3.5M

Ownership Breakdown

Institutional (non-HF)

45.56%

$2.9B

Hedge Funds

16.28%

$1.0B

Retail & Other

38.16%

$2.4B

Based on market cap of $6.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PFSI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	$561.4M 11.34% of portfolio	8.76% 4.5M shares	Q1 2021 Held for 4y 8m	$5.0B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$463.6M 0.29% of portfolio	7.24% 3.7M shares	Q3 2022 Held for 3y 2m	$161.58B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$349.3M 0.01% of portfolio	5.45% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$306.4M 0.02% of portfolio	4.78% 2.5M shares	Q4 2019 Held for 5y 11m	$1.92T
B BlackRock, Inc. Institution	-	$269.0M 0.00% of portfolio	4.20% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$231.4M 0.05% of portfolio	3.61% 1.9M shares	Q3 2014 Held for 11y 2m	$466.32B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$181.2M 0.03% of portfolio	2.83% 1.5M shares	Q2 2015 Held for 10y 5m	$633.08B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$106.1M 0.00% of portfolio	1.66% 856.1K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$87.5M 0.01% of portfolio	1.37% 706.5K shares	Q3 2015 Held for 10y 2m	$691.34B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$86.2M 0.01% of portfolio	1.35% 695.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for PFSI in Q3 2025

Traded: +$217.5M
Buyers: 119
Sellers: 98
Total Bought: +$534.6M
Total Sold: −$317.2M
Avg Position: $15.4M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$130.1M +1.1M shares	$306.4M 2.5M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$66.5M +536.8K shares	$85.6M 691.2K shares
1 140 Summer Partners LP Hedge Fund•Multi-Strategy	+$55.3M +446.1K shares	$55.3M 446.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$35.4M +286.0K shares	$38.5M 310.9K shares
S Senator Investment Group LP Institution	+$31.6M +255.4K shares	$31.6M 255.4K shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$29.2M +235.4K shares	$30.4M 245.3K shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	+$28.2M +227.8K shares	$28.2M 227.8K shares
Invesco Ltd. ETF Provider	+$28.1M +226.6K shares	$181.2M 1.5M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$20.9M +169.1K shares	$21.3M 172.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$13.6M +109.6K shares	$84.5M 682.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$83.7M −675.7K shares	$463.6M 3.7M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$28.5M −286.1K shares	Sold Off 0 shares
C Conversant Capital LLC Real Assets	−$26.5M −266.0K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$19.7M −159.0K shares	$6.4M 51.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$14.7M −119.0K shares	$829.0K 6.7K shares
VANGUARD GROUP INC Institution	−$9.9M −79.6K shares	$349.3M 2.8M shares
JPMORGAN CHASE & CO Institution	−$9.3M −74.9K shares	$80.3M 647.9K shares
B BlackRock, Inc. Institution	−$8.8M −71.2K shares	$269.0M 2.2M shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	−$8.2M −82.0K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$6.7M −67.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PFSI in Q3 2025

New Positions: 22
New Value: $100.6M
Exited Positions: 32
Exited Value: $99.2M

New Positions

Institution	Position Value
1 140 Summer Partners LP Hedge Fund•Multi-Strategy	$55.3M 446.1K shares
S Senator Investment Group LP Institution	$31.6M 255.4K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$5.6M 45.1K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$2.1M 16.6K shares
Alight Capital Management LP Hedge Fund•Long/Short	$1.2M 10.0K shares
D DYMON ASIA CAPITAL PTE. LTD. Institution	$1.1M 9.0K shares
S SIG BROKERAGE, LP Institution	$857.5K 6.9K shares
A Alamea Verwaltungs GmbH Institution	$490.4K 4.0K shares
Optimize Financial Inc RIA/Wealth	$476.1K 3.8K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$435.6K 3.5K shares

Exited Positions

Institution	Previous Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$28.5M 286.1K shares
C Conversant Capital LLC Real Assets	$26.5M 266.0K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$8.2M 82.0K shares
J JANE STREET GROUP, LLC Institution	$6.7M 67.7K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$4.7M 47.1K shares
D D. E. Shaw & Co., Inc. Institution	$4.2M 41.7K shares
Quantbot Technologies LLC Hedge Fund•Quant	$3.6M 36.1K shares
G GROUP ONE TRADING, L.P. Institution	$3.1M 31.1K shares
Marshall Wace LLP Institution	$3.0M 29.7K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.5M 24.8K shares

Options Activity

Institutions with the largest Call and Put options positions in PFSI as of Q3 2025

Call Positions: 13
Call Value: $92.5M
Put Positions: 11
Put Value: $110.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$36.1M 2.9K contracts
P PEAK6 LLC Institution	$23.1M 1.9K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$14.0M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$5.3M 428.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$4.3M 346.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.2M 340.0 contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$2.5M 200.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.2M 178.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$408.8K 33.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$359.3K 29.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$62.3M 5.0K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$16.7M 1.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.7M 542.0 contracts
J JANE STREET GROUP, LLC Institution	$6.7M 538.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$6.5M 521.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$4.2M 343.0 contracts
GOLDMAN SACHS GROUP INC Institution	$3.0M 240.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.8M 224.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 136.0 contracts
P PEAK6 LLC Institution	$74.3K 6.0 contracts

Most Committed Institutions

Institutions with PFSI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	11.34% $561.4M	8.76% 4.5M shares	Q1 2021 Held for 4y 8m	$5.0B
E EMG Holdings, L.P. Institution	-	6.75% $6.5M	0.10% 52.1K shares	Q3 2021 Held for 4y 2m	$95.7M
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	Jordan Neil Hymowitz Managing Partner	5.60% $28.2M	0.44% 227.8K shares	Q2 2023 Held for 2y 5m	$503.5M
1 140 Summer Partners LP Hedge Fund•Multi-Strategy	Peter Watkins Rosenblum CIO	4.65% $55.3M	0.86% 446.1K shares	Q3 2025 Held for 2 months	$1.2B
L Lightrock Netherlands B.V. Institution	-	3.65% $14.0M	0.26% 132.5K shares	Q4 2024 Held for 11 months	$382.4M
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Matthew Amiel Lindenbaum Managing Partner	3.32% $71.7M	1.12% 578.5K shares	≤ Q2 2013 Held for 12y 5m+	$2.2B
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	Kathryn Layne Sutherland CEO	3.06% $36.6M	0.57% 296.4K shares	Q2 2025 Held for 5 months	$1.2B
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	1.66% $51.7M	0.81% 417.3K shares	≤ Q2 2013 Held for 12y 5m+	$3.1B
S Senator Investment Group LP Institution	-	1.17% $31.6M	0.49% 255.4K shares	Q3 2025 Held for 2 months	$2.7B
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	Anthony Pir Brenner Chairman	1.06% $3.5M	0.05% 28.4K shares	Q4 2021 Held for 3y 11m	$331.9M

Hedge Fund Spotlight

Discover hedge funds investing in PFSI

Alight Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerDipak Mohan Patel

Portfolio Value: $418.3M
Positions: 57
Last Reported: Q3 2025

Sector Allocation

Position in PennyMac Financial Services, Inc.

Market Value: $1.2M
Shares Held: 10.0K
Portfolio Weight: 0.30%
Owned Since: 2025-Q3

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