# Pnmac Capital Management, LLC

> Pnmac Capital Management, LLC is an SEC-registered investment advisory firm in Westlake Village, CA, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated February 17, 2026.

- CRD: 147101
- Filed as: PNMAC CAPITAL MANAGEMENT, LLC
- Legal name: Pennymac Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westlake Village, CA
- Filing period: October 2026
- Form ADV filing dated: February 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147101
- AdvisorCensus page: https://advisorcensus.com/firm/pnmac-capital-management-llc-westlake-village-ca-147101

## Quick answers

**How is Pnmac Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pnmac Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pnmac Capital Management, LLC located?**
Pnmac Capital Management, LLC's principal office is in Westlake Village, CA, according to its Form ADV; the March 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Pnmac Capital Management, LLC registered with the SEC or a state?**
Pnmac Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147101.

**How much does Pnmac Capital Management, LLC manage?**
Pnmac Capital Management, LLC reports $21,346,882,000 in regulatory assets under management in its Form ADV filing dated February 17, 2026 (100% discretionary).

**How have Pnmac Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Pnmac Capital Management, LLC: Regulatory assets under management: $11,492,011,000 in the October 2021 data and $21,346,882,000 in the October 2026 data, up 86%. Total employees: 88 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pnmac Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Pnmac Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/147101

**What changed in Pnmac Capital Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: Changed its legal name from Pnmac Capital Management, LLC to Pennymac Capital Management, LLC. Employees performing advisory functions went from 65 to 37. Regulatory assets under management went from $14,408,706,000 to $21,346,882,000 (+48%). Changed its office addresses in Las Vegas, NV. No longer lists an office in Fort Worth, TX. No longer lists an office in Phoenix, AZ. No longer lists an office in Plano, TX. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $21,346,882,000
- Discretionary: $21,346,882,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $21,346,882,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2008 (18 years)
- Employees: 44 total, 37 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Las Vegas, NV

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,492,011,000 | 88 | March 31, 2021 |
| October 2022 | $13,772,708,000 | 83 | March 17, 2022 |
| October 2023 | $13,921,564,000 | 68 | May 26, 2023 |
| October 2024 | $13,113,887,000 | 81 | March 15, 2024 |
| October 2025 | $14,408,706,000 | 86 | March 14, 2025 |
| October 2026 | $21,346,882,000 | 44 | February 17, 2026 |

Regulatory assets under management: $11,492,011,000 in the October 2021 data and $21,346,882,000 in the October 2026 data, up 86%.
Total employees: 88 in October 2021 and 44 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Changed its legal name from Pnmac Capital Management, LLC to Pennymac Capital Management, LLC.
- Employees performing advisory functions went from 65 to 37.
- Regulatory assets under management went from $14,408,706,000 to $21,346,882,000 (+48%).
- Changed its office addresses in Las Vegas, NV.
- No longer lists an office in Fort Worth, TX.
- No longer lists an office in Phoenix, AZ.
- No longer lists an office in Plano, TX.
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pnmac Capital Management, LLC (CRD 147101): Form ADV filing data as of October 2026.