Pimco slashes short dollar forwards at year-end

A figure with scissors cutting a giant dollar symbol in half

- By Joe Parsons
- @Joe_Parsons416
- 19 Mar 2026

Pimco scaled back around $86.5 billion in notional from its group-of-10 (G10) currency forwards hedging book at the end of 2025, mostly by winding down its short US dollar positions.

The California-based asset manager reported a 53% drop in G10 notionals – from $163.8 billion in the third quarter to $77.3 billion in the fourth – according to data collected by FX Markets’ Counterparty Radar service, which tracks the trade-level positions of US mutual funds and exchange-traded funds. Its total FX

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