PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
94 hedge funds and large institutions have $570M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2014 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
42% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 26
11% more funds holding
Funds holding: 85 → 94 (+9)
3% less capital invested
Capital invested by funds: $589M → $570M (-$18.3M)
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$17M |
| 2 |
HK
Horizon Kinetics
New York
|
+$4.82M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.55M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$2.97M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$31.6M |
| 2 |
Citigroup
New York
|
-$19.9M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$17.1M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$7.18M |
| 5 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$7M |
PCI Hedge Fund Activity: Q2 2014 in Review
94 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q2 2014, worth a combined $570M — down 3.1% from $589M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PCI positions and 8 closed out — a net gain of 9 holders — while 37 added to existing stakes and 26 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $17M. The largest seller was Saba Capital Management, cutting an estimated $31.6M.
- 94 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q2 2014, up from 85 in Q1 2014.
- Funds reported $570M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q2 2014, down 3.1% quarter-over-quarter.
- 17 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q2 2014 and 8 closed out, a net change of +9 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $17M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q2 2014 was Saba Capital Management, an estimated $31.6M sold.
Based on aggregated 13F filings for Q2 2014.