PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
187 hedge funds and large institutions have $576M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2021 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 57 increasing their positions, 62 reducing their positions, and 19 closing their positions.
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
2% more funds holding
Funds holding: 183 → 187 (+4)
3% more capital invested
Capital invested by funds: $559M → $576M (+$17.1M)
8% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 62
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$8.56M |
| 2 |
Morgan Stanley
New York
|
+$8.55M |
| 3 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$5.11M |
| 4 |
HCM
Howland Capital Management
Boston,
Massachusetts
|
+$2.05M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$6.02M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$5.87M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.76M |
| 4 |
IC
IEQ Capital
Foster City,
California
|
-$3.78M |
| 5 |
Millennium Management
New York
|
-$3.18M |
PCI Hedge Fund Activity: Q1 2021 in Review
187 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q1 2021, worth a combined $576M — up 3.1% from $559M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PCI positions and 19 closed out — a net gain of 8 holders — while 57 added to existing stakes and 62 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $8.56M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $6.02M.
- 187 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q1 2021, up from 183 in Q4 2020.
- Funds reported $576M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q1 2021, up 3.1% quarter-over-quarter.
- 27 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q1 2021 and 19 closed out, a net change of +8 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $8.56M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q1 2021 was Northwestern Mutual Wealth Management, an estimated $6.02M sold.
Based on aggregated 13F filings for Q1 2021.