Brian Taylor’s Pine River Capital Reported 8.7% Stake in $WAC

Brian Taylor’s Pine River Capital reported 2,432,837 shares in Walter Investment Management Corp (WAC) on October 20th, representing an 8.7% passive stake. According to the firm’s 13F filing, in the second quarter Pine River Capital had 715 thousand shares in WAC, or 2.56% stake ownership. So this is a 340% expansion in its position. WAC has a comparatively strong path in the third quarter. The stock showed positive recoveries against economic events and has returned nearly 40% year to date. Since WAC’s daily trading volume is usually below 200K, Pine River Capital might entered in late September at about $23. Now WAC is trading at $24.80, and Pine River Capital may have already gained 8% from the transaction.

Walter Investment Management Corp (NYSE:WAC)

Except Pine River Capital, in the second quarter ten other hedge funds in our list reported shares in WAC, and several of them adjusted their positions like crazy. Sigma Capital Management increased its position by 380% to 960 thousand shares. Steven Cohen’s Sac Capital Advisors reported an increase of 369% and possessed 879 thousand shares. Dmitry Balyasny’s Balyasny Asset Management had 277 thousand shares, after a 122% increase.

Pine River Capital was founded in early 2002 by Brian Taylor. Brian began his value trading experience in late 1980s and founded Pine River to pursue opportunities in global relative value trading. He had several former colleagues as his managers. In 2007, Pine River outgrew its headquarters and relocated to Minnetonka, Minnesota. The firm had research and trading offices in London, Hong Kong, San Francisco, New York, and Beijing.

Walter Investment Management Corp is a mortgage servicer and mortgage portfolio owner. The company together with its subsidiaries engages in providing subprime, non-conforming and other residential loans in the southeastern United States. The company operates four subsidiaries: Hanover Capital, Walter Mortgage Company (WMC), Walter Investment Reinsurance Co. (WIRC) and Best Insurors, Inc. (Best). The Company operates as an internally managed, publicly traded real estate investment trust (REIT). In November 2010, the company purchased Marix Servicing LLC, and in July 2011 it acquired GTCS Holdings LLC.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!