Perfectly Timed Cash-Out Exit? Pimco Reduced Meta Debt Holdings at High Prices to Avoid Some AI Bond Market Losses

TechFlow reported on October 28, citing Bloomberg, that asset management giant Pacific Investment Management Company (Pimco) had heavily participated in AI data center debt financing in 2025, but recently successfully avoided some losses from the AI bond market correction and turned a profit by selling part of its holdings early, using interest rate hedges, and walking away from some subsequent trades.

According to disclosed information, Pimco sold about $3 billion of Meta-related bonds roughly 6 to 8 months after buying them, when prices were already above par. Pimco also declined to participate in large debt deals involving Broadcom and Anthropic, SoftBank's roughly $11 billion high-yield bond offering, and some Oracle data center loans.

Source: TechFlow