Pacific Investment Management: AUM & Ownership

Clients

Pacific Investment Management serves 41,699 clients, 33,080 of them other clients. The average client has about $88 million with the firm, and high-net-worth clients hold 0% of its $3666.9 billion in assets.

Regulatory assets by client type

Investment companies186 clients34%
Pooled investment vehicles818 clients39%
Pension and profit-sharing plans436 clients5%
State or municipal government entities108 clients3%
Insurance companies601 clients9%
OtherSovereign wealth funds and foreign official institutions, Individuals, High-net-worth individuals, Banking or thrift institutions, Charitable organizations, Other investment advisers, Corporations and other businesses, Other11%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	5,833	$50,456,477,693	1.4%	$8.65M
High-net-worth individuals	17	$3,214,798,547	0.1%	$189.1M
Banking or thrift institutions	35	$66,175,498,164	1.8%	$1.89B
Investment companies	186	$1,236,710,692,427	33.7%	$6.65B
Pooled investment vehicles	818	$1,420,593,013,430	38.7%	$1.74B
Pension and profit-sharing plans	436	$193,201,641,866	5.3%	$443.1M
Charitable organizations	71	$27,502,887,779	0.8%	$387.4M
State or municipal government entities	108	$95,274,200,219	2.6%	$882.2M
Other investment advisers	5	$15,580	0.0%	$3K
Insurance companies	601	$335,453,671,674	9.1%	$558.2M
Sovereign wealth funds and foreign official institutions	104	$153,333,286,634	4.2%	$1.47B
Corporations and other businesses	405	$55,445,473,336	1.5%	$136.9M
Other	33,080	$29,573,443,898	0.8%	$894K
Total	41,699	$3,666,935,101,247	100%	$87.9M

Individuals (other than HNW)

Clients: 5,833
Regulatory AUM: $50,456,477,693
Share: 1.4%
Avg. per client: $8.65M

High-net-worth individuals

Clients: 17
Regulatory AUM: $3,214,798,547
Share: 0.1%
Avg. per client: $189.1M

Banking or thrift institutions

Clients: 35
Regulatory AUM: $66,175,498,164
Share: 1.8%
Avg. per client: $1.89B

Investment companies

Clients: 186
Regulatory AUM: $1,236,710,692,427
Share: 33.7%
Avg. per client: $6.65B

Pooled investment vehicles

Clients: 818
Regulatory AUM: $1,420,593,013,430
Share: 38.7%
Avg. per client: $1.74B

Pension and profit-sharing plans

Clients: 436
Regulatory AUM: $193,201,641,866
Share: 5.3%
Avg. per client: $443.1M

Charitable organizations

Clients: 71
Regulatory AUM: $27,502,887,779
Share: 0.8%
Avg. per client: $387.4M

State or municipal government entities

Clients: 108
Regulatory AUM: $95,274,200,219
Share: 2.6%
Avg. per client: $882.2M

Other investment advisers

Clients: 5
Regulatory AUM: $15,580
Share: 0.0%
Avg. per client: $3K

Insurance companies

Clients: 601
Regulatory AUM: $335,453,671,674
Share: 9.1%
Avg. per client: $558.2M

Sovereign wealth funds and foreign official institutions

Clients: 104
Regulatory AUM: $153,333,286,634
Share: 4.2%
Avg. per client: $1.47B

Corporations and other businesses

Clients: 405
Regulatory AUM: $55,445,473,336
Share: 1.5%
Avg. per client: $136.9M

Other

Clients: 33,080
Regulatory AUM: $29,573,443,898
Share: 0.8%
Avg. per client: $894K

Total

Clients: 41,699
Regulatory AUM: $3,666,935,101,247
Share: 100%
Avg. per client: $87.9M

What it does

Pacific Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and other activities. It is paid through a percentage of assets and performance-based fees.

Pacific Investment Management provided financial planning to 0 clients last fiscal year and advises 208 private funds.

Nearly all assets ($3666.48B across 2,829 accounts) are managed with discretion; $456.6M across 6 accounts are not. $29.03B sits in a wrap fee program the firm both sponsors and manages. 3% of clients are outside the U.S., and 5 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks1%
Funds6%
- Registered funds5%
- Pooled vehicles1%
Bonds69%
- Investment grade corporate bonds27%
- U.S. government and agency bonds23%
- Sovereign bonds12%
- State and local bonds5%
- High-yield corporate bonds2%
Cash14%
Other10%
- Asset backed securities, bank loans, collateralized debt obligations, collateralized loan obligations, collateralized mortgage obligations, commodities, defaulted counterparty, mortgage pass throughs, real estate, rights, schuldschein loans, whole loans10%

Custodians

Pacific Investment Management’s client accounts are held mainly at The Bank of New York Mellon, with 7% of managed assets, and State Street Bank and Trust, with 4%. Pacific Investment Management has custody of $9.33B for 27 clients.

Managed account assets by custodian

The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $243.95B7%
State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $153.88B4%
Northern TrustNorthern Trust Company · Chicago, IL · $153.47B4%
All other custodians$3115.64B85%

Ownership and leadership

Allianz Asset Management of America LLC owns 75% or more of Pacific Investment Management, and Emmanuel Roman is its CEO.

Who owns the firm

Pacific Investment Management Company LLC· the adviser

Allianz Asset Management of America LLC
Control person · since December 2006
Owns 75% or more of Pacific Investment Management Company LLC
- Allianz of America, Inc.
  since May 2000
  Owns 75% or more of Allianz Asset Management of America LLC
  - Allianz Europe B.V.
    since June 2012
    Owns 75% or more of Allianz of America, Inc.
    - Allianz Se
      Control person · since June 2012
      Owns 75% or more of Allianz Europe B.V.

Leadership

Emmanuel Roman
Managing Director - Executive Committee and Chief Executive Officer
Thibault Stracke
Managing Director - President and Executive Committee
John Kirkowski
Managing Director - Chief Financial Officer
Robin Shanahan
Managing Director - Co-Chief Operating Officer
Peter Strelow
Managing Director - Co-Chief Operating Officer
Nadia Zakir
Managing Director - Global Head of Compliance and Chief Compliance Officer
Mangala Ananthanarayanan
Managing Director - Executive Committee
Andrew Balls
Managing Director - Chief Investment Officer (global)
Stephen Chang
Managing Director - Executive Committee
Gregory Hall
Managing Director - Executive Committee
Daniel Ivascyn
Managing Director - Executive Committee and Group Chief Investment Officer
Kimberley Korinke
Managing Director - Executive Committee
Jason Mandinach
Managing Director - Executive Committee
Mohit Mittal
Managing Director - Chief Investment Officer (core Strategies) and Executive Committee
Alfred Murata
Managing Director - Executive Committee
Marc Seidner
Managing Director - Chief Investment Officer (non-Traditional Strategies)
Jason Steiner
Managing Director - Executive Committee
Sung-Hee Suh
Managing Director - Global General Counsel
Qi Wang
Managing Director - Chief Investment Officer (portfolio Implementation)
Candice Whitten
Managing Director - Executive Committee

Staff

1,968 employees
628 in advisory functions
508 broker-dealer reps
2 soliciting firms

Fees

Pacific Investment Management is paid through a percentage of assets under management and performance-based fees.

Pacific Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Pacific Investment Management has 6 offices, with 7 listed addresses across 5 states.

Listed office addresses by state

California · 3 listed addresses

650 Newport Center Drive, Newport BeachHQ
1901 Avenue of the Stars, Los Angeles
4747 Executive Drive, San Diego

Other business names

Pacific Investment Management has reported 1 other business name to the SEC.

Pimco

Registration details

Legal name: Pacific Investment Management Company LLC
Headquarters: 650 Newport Center Drive, Newport Beach, CA 92660
Phone: 949-720-6000
Website: Not reported
SEC file: 801-48187
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Pacific Investment Management have?

Pacific Investment Management has 41,699 clients and manages $3666.9 billion for them, as of August 2026. They include 33,080 other clients, 5,833 other individuals and 818 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026

What services does Pacific Investment Management offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Pacific Investment Management use?

Pacific Investment Management’s separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $243,948,272,163, State Street Bank and Trust Company (Boston, MA), with $153,875,331,898 and Northern Trust Company (Chicago, IL), with $153,472,694,254. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026

How many financial advisors does Pacific Investment Management have?

Pacific Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 1,968 employees, and 628 perform investment advisory functions. 508 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Pacific Investment Management invest in?

At the end of its last fiscal year, Pacific Investment Management’s separately managed accounts held 27% investment grade corporate bonds, 23% U.S. government and agency bonds, 14% cash and equivalents, 12% sovereign bonds, 10% asset backed securities, bank loans, collateralized debt obligations, collateralized loan obligations, collateralized mortgage obligations, commodities, defaulted counterparty, mortgage pass throughs, real estate, rights, schuldschein loans, whole loans, 5% state and local bonds, 5% registered funds (mutual funds, ETFs, BDCs), 2% high-yield corporate bonds, 1% exchange-traded equities and 1% pooled vehicles (private funds and similar). It advises 208 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Pacific Investment Management?

Pacific Investment Management is owned through a chain of holding companies by Allianz Se. Its direct owner is Allianz Asset Management of America LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 28 August 2026

How does Pacific Investment Management get paid?

Pacific Investment Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file