PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
168 hedge funds and large institutions have $468M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2020 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 64 increasing their positions, 51 reducing their positions, and 37 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 51
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 182 → 168 (-14)
24% less capital invested
Capital invested by funds: $613M → $468M (-$145M)
30% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$30.3M |
| 2 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$19.9M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$12.7M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.62M |
| 5 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$6.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6.45M |
| 2 |
HCM
Howland Capital Management
Boston,
Massachusetts
|
-$6.33M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.64M |
| 4 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
-$3.25M |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$1.95M |
PCI Hedge Fund Activity: Q1 2020 in Review
168 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q1 2020, worth a combined $468M — down 24% from $613M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PCI and 26 opened new positions — a net loss of 11 holders — while 51 trimmed existing stakes and 64 added.
The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $30.3M. The largest seller was Wells Fargo, cutting an estimated $6.45M.
- 168 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q1 2020, down from 182 in Q4 2019.
- Funds reported $468M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q1 2020, down 24% quarter-over-quarter.
- 26 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q1 2020 and 37 closed out, a net change of -11 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q1 2020 was McGowan Group Asset Management, an estimated $30.3M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q1 2020 was Wells Fargo, an estimated $6.45M sold.
Based on aggregated 13F filings for Q1 2020.