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Westlake Village Today
By the People, for the People
TD Asset Management Trims Stake in PennyMac Financial Services
The firm reduced its holdings in the real estate investment trust by 9.6% in the third quarter.
Mar. 3, 2026 at 7:31am
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TD Asset Management Inc. trimmed its position in PennyMac Financial Services, Inc. (NYSE:PFSI) by 9.6% during the third quarter, according to a recent regulatory filing. The firm owned 61,396 shares of the real estate investment trust's stock as of the end of the quarter, down from 67,952 shares held previously.
Why it matters
PennyMac Financial Services is a major mortgage banking company, and changes in institutional ownership can signal shifts in market sentiment around the stock. TD Asset Management's reduced stake may indicate broader concerns about the company's outlook or performance.
The details
In addition to TD Asset Management's position change, the filing shows other institutional investors and hedge funds have also modified their holdings of PennyMac Financial Services in recent quarters. Citigroup Inc. increased its stake by 8.2%, while the State of New Jersey Common Pension Fund D added 820 shares. However, Bryce Point Capital LLC and Optimize Financial Inc. reduced their positions.
- TD Asset Management trimmed its stake in PennyMac Financial Services during the third quarter of 2025.
- The firm previously held 67,952 shares of the company as of a prior regulatory filing.
The players
TD Asset Management Inc.
An investment management firm that reduced its stake in PennyMac Financial Services by 9.6% in the third quarter.
PennyMac Financial Services, Inc.
A leading mortgage banking company based in Westlake Village, California that operates mortgage origination and servicing businesses.
Citigroup Inc.
A financial services company that increased its stake in PennyMac Financial Services by 8.2% during the third quarter.
State of New Jersey Common Pension Fund D
A public pension fund that added 820 shares of PennyMac Financial Services to its portfolio in the third quarter.
Bryce Point Capital LLC
A hedge fund that reduced its position in PennyMac Financial Services during the third quarter.
Optimize Financial Inc.
A financial services firm that acquired a new stake in PennyMac Financial Services in the third quarter.
The takeaway
The changes in institutional ownership of PennyMac Financial Services suggest mixed sentiment around the company, with some major investors reducing their stakes while others are increasing exposure. This could signal potential volatility or uncertainty in the stock's performance going forward.
