PIMCO Municipal Income Fund II
PML
50 hedge funds and large institutions have $47.1M invested in PIMCO Municipal Income Fund II in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
0.17% more ownership
Funds ownership: 6.94% → 7.11% (+0.17%)
5% less capital invested
Capital invested by funds: $49.4M → $47.1M (-$2.31M)
4% less funds holding
Funds holding: 52 → 50 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.2M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$755K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$729K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$583K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$522K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.59M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.11M |
| 3 |
BOS
Bank of Stockton
Stockton,
California
|
-$858K |
| 4 |
Jane Street
New York
|
-$429K |
| 5 |
Morgan Stanley
New York
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Jane Street
New York
| – | -$429K | -36,598 | Closed |
|
|
CA
52
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$135K | -11,550 | Closed |
|
|
CB
53
Commerce Bank
Kansas City,
Missouri
| – | -$144K | -11,190 | Closed |
|
54
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$117K | -10,000 | Closed |
|
|
TFA
55
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$24K | -2,000 | Closed |
|
PML Hedge Fund Activity: Q3 2013 in Review
50 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PIMCO Municipal Income Fund II (PML) for Q3 2013, worth a combined $47.1M — down 4.7% from $49.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PML and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was Cohen & Steers, adding an estimated $1.2M. The largest seller was Invesco, cutting an estimated $1.59M.
- 50 institutional investors held PIMCO Municipal Income Fund II (PML) as of Q3 2013, down from 52 in Q2 2013.
- Funds reported $47.1M of PIMCO Municipal Income Fund II stock for Q3 2013, down 4.7% quarter-over-quarter.
- 4 funds opened new PIMCO Municipal Income Fund II positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest PIMCO Municipal Income Fund II buyer in Q3 2013 was Cohen & Steers, an estimated $1.2M added.
- The largest PIMCO Municipal Income Fund II seller in Q3 2013 was Invesco, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2013.