PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
55 hedge funds and large institutions have $351M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 9 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 9
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
70% more capital invested
Capital invested by funds: $206M → $351M (+$144M)
12% more funds holding
Funds holding: 49 → 55 (+6)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42.3M |
| 2 |
Morgan Stanley
New York
|
+$21.6M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$11.1M |
| 4 |
TCM
Tegean Capital Management
New York
|
+$9.79M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$5.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$8.68M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.73M |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$3.97M |
| 4 |
SG Americas Securities
New York
|
-$1.38M |
| 5 |
GA
Geller Advisors
New York
|
-$916K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $27K | +$26.1K | +1,200 | New |
|
52
Ameriprise
Minneapolis,
Minnesota
| $18K | – | – | – |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $18K | +$6.55K | +301 | +60% |
|
|
BFEC
54
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $13K | – | – | – |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $12K | +$11.6K | +534 | New |
|
|
56
AQR Capital Management
Greenwich,
Connecticut
| – | -$4.73M | -206,407 | Closed |
|
|
57
SG Americas Securities
New York
| – | -$1.38M | -60,000 | Closed |
|
|
GA
58
Geller Advisors
New York
| – | -$916K | -40,000 | Closed |
|
59
Jane Street
New York
| – | -$898K | -39,177 | Closed |
|
|
PWPCM
60
Perella Weinberg Partners Capital Management
New York
| – | -$566K | -24,704 | Closed |
|
|
PP
61
Paloma Partners
Greenwich,
Connecticut
| – | -$282K | -12,300 | Closed |
|
|
PFO
62
Pathstone Family Office
Englewood,
New Jersey
| – | -$34K | -1,500 | Closed |
|
PCI Hedge Fund Activity: Q3 2013 in Review
55 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q3 2013, worth a combined $351M — up 70% from $206M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PCI positions and 7 closed out — a net gain of 6 holders — while 27 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $42.3M. The largest seller was ACG Wealth, cutting an estimated $8.68M.
- 55 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q3 2013, up from 49 in Q2 2013.
- Funds reported $351M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q3 2013, up 70% quarter-over-quarter.
- 13 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q3 2013 and 7 closed out, a net change of +6 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q3 2013 was Saba Capital Management, an estimated $42.3M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q3 2013 was ACG Wealth, an estimated $8.68M sold.
Based on aggregated 13F filings for Q3 2013.