PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
76 hedge funds and large institutions have $539M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2013 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 31 increasing their positions, 9 reducing their positions, and 8 closing their positions.
275% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 8
244% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 9
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
54% more capital invested
Capital invested by funds: $351M → $539M (+$188M)
38% more funds holding
Funds holding: 55 → 76 (+21)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$30.5M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$24.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$23.8M |
| 4 |
Citigroup
New York
|
+$18M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$17.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tegean Capital Management
New York
|
-$10M |
| 2 |
Barclays
London,
United Kingdom
|
-$2.07M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.49M |
| 4 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$1.08M |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$851K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBPWM
76
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $16K | +$15.5K | +700 | New |
|
|
OFG
77
OTA Financial Group
Purchase,
New York
| $1.28K | +$1.27M | +57,134 | New |
|
|
TCM
78
Tegean Capital Management
New York
| – | -$10M | -450,000 | Closed |
|
|
AW
79
ACG Wealth
Atlanta,
Georgia
| – | -$1.08M | -48,737 | Closed |
|
|
80
Comerica Bank
Dallas,
Texas
| – | -$851K | -38,248 | Closed |
|
|
IHL
81
Investment House LLC
Redondo Beach,
California
| – | -$356K | -16,000 | Closed |
|
82
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$69K | -3,080 | Closed |
|
83
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$46K | -2,058 | Closed |
|
84
Ameriprise
Minneapolis,
Minnesota
| – | -$18K | -800 | Closed |
|
|
BFEC
85
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$13K | -600 | Closed |
|
PCI Hedge Fund Activity: Q4 2013 in Review
76 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q4 2013, worth a combined $539M — up 54% from $351M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PCI positions and 8 closed out — a net gain of 22 holders — while 31 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $30.5M. The largest seller was Tegean Capital Management, exiting entirely with an estimated $10M sold.
- 76 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q4 2013, up from 55 in Q3 2013.
- Funds reported $539M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q4 2013, up 54% quarter-over-quarter.
- 30 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q4 2013 and 8 closed out, a net change of +22 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q4 2013 was Saba Capital Management, an estimated $30.5M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q4 2013 was Tegean Capital Management, an estimated $10M sold.
Based on aggregated 13F filings for Q4 2013.