PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
123 hedge funds and large institutions have $642M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 52 increasing their positions, 34 reducing their positions, and 16 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
2% less funds holding
Funds holding: 126 → 123 (-3)
5% less capital invested
Capital invested by funds: $677M → $642M (-$34.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$27.6M |
| 2 |
Morgan Stanley
New York
|
+$9.93M |
| 3 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
+$6.13M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$4.03M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$73.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$36M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.51M |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
-$4.27M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.22M |
PCI Hedge Fund Activity: Q3 2016 in Review
123 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q3 2016, worth a combined $642M — down 5.2% from $677M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PCI and 15 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 52 added.
The largest buyer was State of New Jersey Common Pension Fund D, adding an estimated $27.6M. The largest seller was Rivernorth Capital Management, cutting an estimated $73.2M.
- 123 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q3 2016, down from 126 in Q2 2016.
- Funds reported $642M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q3 2016, down 5.2% quarter-over-quarter.
- 15 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q3 2016 and 16 closed out, a net change of -1 holder.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q3 2016 was State of New Jersey Common Pension Fund D, an estimated $27.6M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $73.2M sold.
Based on aggregated 13F filings for Q3 2016.