PIMCO High Income Fund
PHK
88 hedge funds and large institutions have $62.9M invested in PIMCO High Income Fund in 2017 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 18 increasing their positions, 28 reducing their positions, and 16 closing their positions.
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
30% more capital invested
Capital invested by funds: $48.2M → $62.9M (+$14.6M)
16% more funds holding
Funds holding: 76 → 88 (+12)
2.05% more ownership
Funds ownership: 4.53% → 6.58% (+2%)
36% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$20.9M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.4M |
| 3 |
Cohen & Steers
New York
|
+$1.24M |
| 4 |
Squarepoint
New York
|
+$960K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.97M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.37M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$758K |
| 4 |
Morgan Stanley
New York
|
-$730K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$717K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWM
101
Perigon Wealth Management
San Francisco,
California
| – | -$12K | -1,402 | Closed |
|
|
AIP
102
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$6K | -821 | Closed |
|
103
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | +$23 | +3 | New |
|
PHK Hedge Fund Activity: Q4 2017 in Review
88 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PIMCO High Income Fund (PHK) for Q4 2017, worth a combined $62.9M — up 30% from $48.2M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PHK positions and 16 closed out — a net gain of 12 holders — while 18 added to existing stakes and 28 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $20.9M. The largest seller was Laurion Capital Management, cutting an estimated $2.97M.
- 88 institutional investors held PIMCO High Income Fund (PHK) as of Q4 2017, up from 76 in Q3 2017.
- Funds reported $62.9M of PIMCO High Income Fund stock for Q4 2017, up 30% quarter-over-quarter.
- 28 funds opened new PIMCO High Income Fund positions in Q4 2017 and 16 closed out, a net change of +12 holders.
- The largest PIMCO High Income Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $20.9M added.
- The largest PIMCO High Income Fund seller in Q4 2017 was Laurion Capital Management, an estimated $2.97M sold.
Based on aggregated 13F filings for Q4 2017.