Tuten Matthew Richard 4

What Happened

Matthew Richard Tuten, a portfolio manager associated with Pacific Investment Management Company LLC (PIMCO), reported an open-market/private purchase of 48,028.434 shares of PIMCO Flexible Real Estate Income Fund (REFLX) on 2026-03-16. The shares were bought at $10.41 each for a total reported value of $499,976 (transaction code: P — Purchase). This is a purchase (adding to holdings), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-03-16; Filing date (Form 4): 2026-03-18 (filed two days after the trade).
• Price per share: $10.41; Shares purchased: 48,028.434; Total value: $499,976.
• Transaction code: P = Purchase.
• Shares owned after transaction: not specified in the filing.
• Footnotes / exhibits: Filing notes PIMCO is the fund’s investment adviser and includes Exhibit 24 (Power of Attorney).

Context

• The reporting person is a portfolio manager at PIMCO (the fund’s adviser), so this reflects a buy by an institutional portfolio manager rather than a corporate insider or 10% owner.
• Purchases can indicate increased conviction but do not prove future performance; filings are factual records of transactions, not explanations of intent.