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PML

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Cohen & Steers
Cohen & Steers
New York
+$1.2M
2
N
Nuveen
North Carolina
+$755K
3
RCM
Rivernorth Capital Management
Florida
+$729K
4
SIA
Sit Investment Associates
Minnesota
+$583K
5
OFG
OTA Financial Group
New York
+$522K

Top Sellers

1
Invesco
Invesco
Georgia
-$1.59M
2
GC
Guggenheim Capital
Illinois
-$1.11M
3
BOS
Bank of Stockton
California
-$858K
4
Jane Street
Jane Street
New York
-$429K
5
Morgan Stanley
Morgan Stanley
New York
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
1
Invesco
Georgia
$9.67M -$1.59M -144,181 -14%
GC
2
Guggenheim Capital
Illinois
$7.14M -$1.11M -100,372 -13%
RCM
3
Rivernorth Capital Management
Florida
$4.01M +$729K +65,926 +22%
Bank of America
4
Bank of America
North Carolina
$3.97M +$261K +23,577 +7%
Morgan Stanley
5
Morgan Stanley
New York
$3.29M -$167K -15,106 -5%
Cohen & Steers
6
Cohen & Steers
New York
$3.2M +$1.2M +108,723 +60%
U
7
UBS
Switzerland
$1.97M +$390K +35,254 +25%
LPL Financial
8
LPL Financial
California
$1.81M -$149K -13,456 -7%
AC
9
Alexandria Capital
Virginia
$1.58M +$361K +32,625 +30%
N
10
Nuveen
North Carolina
$1.52M +$755K +68,230 +98%
FAAS
11
First Allied Advisory Services
California
$1.21M +$179K +16,200 +17%
SIA
12
Sit Investment Associates
Minnesota
$1.11M +$583K +52,720 +110%
Fifth Third Bancorp
13
Fifth Third Bancorp
Ohio
$834K – – –
Wells Fargo
14
Wells Fargo
California
$635K +$115K +10,390 +22%
SNC
15
Stifel Nicolaus & Co
Missouri
$580K +$34.5K +3,116 +6%
RJA
16
Raymond James & Associates
Florida
$551K -$21.3K -1,927 -4%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$348K +$73.5K +6,649 +27%
HK
18
Horizon Kinetics
New York
$345K -$2.38K -215 -0.7%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$302K – – –
VanEck Associates
20
VanEck Associates
New York
$293K -$10.9K -988 -4%
Bank of Montreal
21
Bank of Montreal
Ontario, Canada
$276K – – –
CA
22
Cetera Advisors
Colorado
$255K +$256K +23,120 New
MFS
23
MSI Financial Services
Massachusetts
$215K – – –
ICAS
24
Investors Capital Advisory Services
Massachusetts
$195K +$60.8K +5,500 +45%
B
25
Baird
Wisconsin
$173K -$35.4K -3,200 -17%
1
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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.