Perfectly Timing the Cash-Out Exit? PIMCO Sells Down Meta Debt at High Levels to Avoid Partial AI Bond Market Losses

On October 28 that, according to Bloomberg, asset management giant Pacific Investment Management Company (Pimco) had heavily participated in debt financing for AI data centers in 2025. However, through early sales of part of its positions, interest rate hedging, and walking away from certain subsequent deals, it has successfully avoided a portion of the losses from the AI bond market pullback and realized profits.

According to disclosed details, Pimco sold approximately $3 billion in bonds about six to eight months after buying Meta-related bonds, when prices had already risen above par. Furthermore, Pimco successively opted out of large debt deals related to Broadcom and Anthropic, SoftBank’s roughly $11 billion junk bond issuance, and certain Oracle data center loans.