PENNYMAC CORP

CUSIP: 70932AAH6 Class: None

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (5)

ROYAL BANK OF CANADA
Value ($000) $21,160 Shares 20,000,000
UBS Group AG
Value ($000) $13,754 Shares 13,000,000
STATE STREET CORP
Value ($000) $5,358 Shares 5,000,000
BlackRock, Inc.
Value ($000) $4,867 Shares 4,600,000
Advisory Services Network, LLC
Value ($000) $53 Shares 50,000

Increased Positions (5)

WATERFALL ASSET MANAGEMENT, LLC
Value ($000) $79,667 (+1217.0%) Shares 79,074,000 (+1240.0%)
Context Capital Management, LLC
Value ($000) $78,553 (+378.0%) Shares 73,897,000 (+464602.6%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $10,580 (+95.9%) Shares 10,000,000 (+90.5%)
Centiva Capital, LP
Value ($000) $2,036 (+39.2%) Shares 19,150 (+35.3%)
SCHRODER INVESTMENT MANAGEMENT GROUP
Value ($000) $9,099 (+40.5%) Shares 8,600,000 (+36.6%)

Decreased Positions (4)

CSS LLC/IL
Value ($000) $2,712 (-60.8%) Shares 2,542,000 (-62.0%)
ADVENT CAPITAL MANAGEMENT /DE/
Value ($000) $29,397 (-0.4%) Shares 27,466,000 (-3.8%)
F/M Investments LLC
Value ($000) $213 (-38.3%) Shares 200,000 (-40.3%)
NEW YORK STATE COMMON RETIREMENT FUND
Value ($000) $1,423 (-41.0%) Shares 1,345,000 (-42.7%)

Exited Positions (2)

NOMURA HOLDINGS INC
Value ($000) $1,396 Shares 113,855
Walleye Capital LLC
Value ($000) $775 Shares 750,000