PIMCO Dynamic Credit and Mortgage Income Fund
PCI was delisted on the 10th of December, 2021.
123 hedge funds and large institutions have $720M invested in PIMCO Dynamic Credit and Mortgage Income Fund in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 21 closing their positions.
2% more capital invested
Capital invested by funds: $708M → $720M (+$11.5M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
3% less funds holding
Funds holding: 127 → 123 (-4)
13% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 47
14% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$21.6M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$7.49M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.42M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.9M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$7.98M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.6M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$5.48M |
| 4 |
Morgan Stanley
New York
|
-$5.31M |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$4.12M |
PCI Hedge Fund Activity: Q1 2016 in Review
123 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in PIMCO Dynamic Credit and Mortgage Income Fund (PCI) for Q1 2016, worth a combined $720M — up 1.6% from $708M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PCI and 18 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 41 added.
The largest buyer was Saba Capital Management, adding an estimated $21.6M. The largest seller was Nine Masts Capital, cutting an estimated $7.98M.
- 123 institutional investors held PIMCO Dynamic Credit and Mortgage Income Fund (PCI) as of Q1 2016, down from 127 in Q4 2015.
- Funds reported $720M of PIMCO Dynamic Credit and Mortgage Income Fund stock for Q1 2016, up 1.6% quarter-over-quarter.
- 18 funds opened new PIMCO Dynamic Credit and Mortgage Income Fund positions in Q1 2016 and 21 closed out, a net change of -3 holders.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund buyer in Q1 2016 was Saba Capital Management, an estimated $21.6M added.
- The largest PIMCO Dynamic Credit and Mortgage Income Fund seller in Q1 2016 was Nine Masts Capital, an estimated $7.98M sold.
Based on aggregated 13F filings for Q1 2016.