PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
118 hedge funds and large institutions have $450M invested in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 43 increasing their positions, 41 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
5% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 41
1% less funds holding
Funds holding: 119 → 118 (-1)
6.73% less ownership
Funds ownership: 63.87% → 57.14% (-6.7%)
7% less capital invested
Capital invested by funds: $485M → $450M (-$34.6M)
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$9.49M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$2.34M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.95M |
| 4 |
CCA
Cobblestone Capital Advisors
Rochester,
New York
|
+$1.89M |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$15.1M |
| 2 |
UWM
USAdvisors Wealth Management
Eden Prairie,
Minnesota
|
-$10.8M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$8.97M |
| 4 |
Jane Street
New York
|
-$5.93M |
| 5 |
VF
Virtu Financial
New York
|
-$2.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$18K | -178 | Closed |
|
|
ASN
127
Advisory Services Network
Atlanta,
Georgia
| – | -$2K | -24 | Closed |
|
CORP Hedge Fund Activity: Q3 2018 in Review
118 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) for Q3 2018, worth a combined $450M — down 7.1% from $485M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CORP positions and 10 closed out — a net gain of 1 holder — while 43 added to existing stakes and 41 trimmed.
The largest buyer was WBI Investments, opening a new position worth an estimated $9.49M. The largest seller was Envestnet Asset Management, cutting an estimated $15.1M.
- 118 institutional investors held PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) as of Q3 2018, down from 119 in Q2 2018.
- Funds reported $450M of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock for Q3 2018, down 7.1% quarter-over-quarter.
- 11 funds opened new PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund positions in Q3 2018 and 10 closed out, a net change of +1 holder.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund buyer in Q3 2018 was WBI Investments, an estimated $9.49M added.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund seller in Q3 2018 was Envestnet Asset Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2018.