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PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI

48 hedge funds and large institutions have $77.3M invested in PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

14% more funds holding

Funds holding: 42 → 48 (+6)

6% more capital invested

Capital invested by funds: $72.6M → $77.3M (+$4.7M)

1.98% more ownership

Funds ownership: 37.64% → 39.62% (+2%)

Holders
48
Holders Change
+6
Holders Change %
+14.29%
% of All Funds
1.39%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
11
Increased
17
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$2.27M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.2M
3
BA
Boston Advisors
Massachusetts
+$1.55M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.2M
5
LYV
Live Your Vision
Pennsylvania
+$920K

Top Sellers

1
Jane Street
Jane Street
New York
-$1.37M
2
CC
Curian Capital
Colorado
-$1.17M
3
GA
Gateway Advisory
New Jersey
-$1M
4
LPL Financial
LPL Financial
California
-$536K
5
JG
Jefferies Group
New York
-$429K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
26
Oppenheimer & Co
New York
$518K +$7.81K +150 +2%
CWM
27
Cabot Wealth Management
Massachusetts
$493K +$5.21K +100 +1%
CIM
28
Confluence Investment Management
Missouri
$484K +$223K +4,289 +85%
BWG
29
Beta Wealth Group
California
$475K +$478K +9,175 New
EFS
30
Essex Financial Services
Connecticut
$456K +$130K +2,500 +40%
VKH
31
Virtu KCG Holdings
New York
$340K +$342K +6,570 New
PNAA
32
Pictet North America Advisors
Switzerland
$331K +$333K +6,400 New
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$329K +$833 +16 +0.3%
PCMC
34
Paragon Capital Management (Colorado)
Colorado
$310K – – –
FBT
35
Founders Bank & Trust
Michigan
$301K +$25.1K +482 +9%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$275K +$38.1K +731 +16%
AT
37
Arden Trust
Delaware
$262K – – –
DI
38
Dalton Investments
Nevada
$212K +$1.15K +22 +0.5%
JIR
39
James Investment Research
Ohio
$194K – – –
AIG
40
American International Group
New York
$168K – – –
MFS
41
MSI Financial Services
Massachusetts
$152K +$14.9K +287 +11%
Creative Planning
42
Creative Planning
Kansas
$109K -$7.71K -148 -7%
NES
43
New England Securities
New York
$96K -$66.5K -1,277 -41%
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$52K -$130K -2,500 -71%
Citigroup
45
Citigroup
New York
$43K +$156 +3 +0.4%
BC
46
Bartlett & Co
Ohio
$25K – – –
PSI
47
Pinnacle Summer Investments
Virginia
$21K +$21.2K +407 New
TRCT
48
Tower Research Capital (TRC)
New York
$2K +$1.56K +30 New
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$1K +$1.15K +22 New
Jane Street
50
Jane Street
New York
– -$1.37M -26,330 Closed
1
2
3

MUNI Hedge Fund Activity: Q4 2013 in Review

48 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) for Q4 2013, worth a combined $77.3M — up 6.5% from $72.6M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new MUNI positions and 4 closed out — a net gain of 7 holders — while 17 added to existing stakes and 14 trimmed.

The largest buyer was Bank of America, adding an estimated $2.27M. The largest seller was Jane Street, exiting entirely with an estimated $1.37M sold.

  • 48 institutional investors held PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) as of Q4 2013, up from 42 in Q3 2013.
  • Funds reported $77.3M of PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund stock for Q4 2013, up 6.5% quarter-over-quarter.
  • 11 funds opened new PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund positions in Q4 2013 and 4 closed out, a net change of +7 holders.
  • The largest PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund buyer in Q4 2013 was Bank of America, an estimated $2.27M added.
  • The largest PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund seller in Q4 2013 was Jane Street, an estimated $1.37M sold.

Based on aggregated 13F filings for Q4 2013.