[Report: PIMCO, a trend-setting AI financing player, closed down as soon as it was good and cut about half of its positions in Meta and Oracle] On October 28, as the accumulated debt financing of artificial intelligence (AI) reached about 500 billion U.S. dollars, the bond giant Pacific Investment Management Company (PIMCO, Pinhao), which helped start the financing boom, reduced some of its largest positions. According to people familiar with the matter, PIMCO sometimes begins to reduce its positions after only a few months of buying. In addition to about $18 billion in Meta-related bonds in 2025, when the company became a cornerstone investor in a debt financing deal for about $18 billion that allowed Meta to build a large data center project in Louisiana without weighing on its balance sheet, PIMCO's funds have invested $10 billion in Oracle-related transactions. The company's current holdings in both investments have been reduced by about 50%, according to the filing. PIMCO reduces its position when the underlying bond prices are higher.