PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
85 hedge funds and large institutions have $542M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 9 reducing their positions, and 11 closing their positions.
422% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 9
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
12% more funds holding
Funds holding: 76 → 85 (+9)
9% more capital invested
Capital invested by funds: $497M → $542M (+$44.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.7M |
| 2 |
Morgan Stanley
New York
|
+$8.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.43M |
| 4 |
HCM
Howland Capital Management
Boston,
Massachusetts
|
+$5.09M |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$4.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$24.5M |
| 2 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$3.29M |
| 3 |
FNYS
First New York Securities
New York
|
-$2.75M |
| 4 |
CA
Claar Advisors
New York
|
-$2.25M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$1.28M |
PCI Hedge Fund Activity: Q1 2014 in Review
85 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q1 2014, worth a combined $542M — up 9% from $497M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PCI positions and 11 closed out — a net gain of 9 holders — while 47 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.7M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $24.5M sold.
- 85 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q1 2014, up from 76 in Q4 2013.
- Funds reported $542M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q1 2014, up 9% quarter-over-quarter.
- 20 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q1 2014 and 11 closed out, a net change of +9 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q1 2014 was Saba Capital Management, an estimated $11.7M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q1 2014 was Pine River Capital Management, an estimated $24.5M sold.
Based on aggregated 13F filings for Q1 2014.