PIMCO New York Municipal Income Fund II
11 hedge funds and large institutions have $5.75M invested in PIMCO New York Municipal Income Fund II in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 1 reducing their positions, and 4 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 1
12% more capital invested
Capital invested by funds: $5.15M → $5.75M (+$598K)
0.13% more ownership
Funds ownership: 3.49% → 3.62% (+0.13%)
15% less funds holding
Funds holding: 13 → 11 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$387K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$52.8K |
| 3 |
Morgan Stanley
New York
|
+$18K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$13.8K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$11.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$171K |
| 2 |
Citigroup
New York
|
-$94K |
| 3 |
AIG
American International Group
New York
|
-$40K |
| 4 |
TF
Tompkins Financial
Ithaca,
New York
|
-$13K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.54K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
1
Guggenheim Capital
Chicago,
Illinois
| $4.36M | +$387K | +27,946 | +10% |
|
|
2
Cetera Investment Advisers
Schaumburg,
Illinois
| $456K | +$11.6K | +840 | +3% |
|
|
3
Morgan Stanley
New York
| $338K | +$18K | +1,300 | +6% |
|
|
4
Wells Fargo
San Francisco,
California
| $141K | +$13.8K | +999 | +11% |
|
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $115K | -$5.54K | -400 | -5% |
|
|
6
Bank of America
Charlotte,
North Carolina
| $113K | +$52.8K | +3,812 | +95% |
|
|
AF
7
Arrow Financial
Glens Falls,
New York
| $86K | – | – | – |
|
8
UBS Group
Zurich,
Switzerland
| $77K | +$1.7K | +123 | +2% |
|
|
AG
9
Advisor Group
Phoenix,
Arizona
| $43K | +$41.8K | +3,018 | New |
|
|
LTFS
10
Ladenburg Thalmann Financial Services
Miami,
Florida
| $20K | – | – | – |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| $2K | +$1.54K | +111 | New |
|
|
12
LPL Financial
San Diego,
California
| – | -$171K | -12,830 | Closed |
|
|
13
Citigroup
New York
| – | -$94K | -7,000 | Closed |
|
|
AIG
14
American International Group
New York
| – | -$40K | -3,018 | Closed |
|
|
TF
15
Tompkins Financial
Ithaca,
New York
| – | -$13K | -999 | Closed |
|
PNI Hedge Fund Activity: Q2 2016 in Review
11 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PIMCO New York Municipal Income Fund II (PNI) for Q2 2016, worth a combined $5.75M — up 12% from $5.15M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PNI and 2 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 6 added.
The largest buyer was Guggenheim Capital, adding an estimated $387K. The largest seller was LPL Financial, exiting entirely with an estimated $171K sold.
- 11 institutional investors held PIMCO New York Municipal Income Fund II (PNI) as of Q2 2016, down from 13 in Q1 2016.
- Funds reported $5.75M of PIMCO New York Municipal Income Fund II stock for Q2 2016, up 12% quarter-over-quarter.
- 2 funds opened new PIMCO New York Municipal Income Fund II positions in Q2 2016 and 4 closed out, a net change of -2 holders.
- The largest PIMCO New York Municipal Income Fund II buyer in Q2 2016 was Guggenheim Capital, an estimated $387K added.
- The largest PIMCO New York Municipal Income Fund II seller in Q2 2016 was LPL Financial, an estimated $171K sold.
Based on aggregated 13F filings for Q2 2016.