PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
120 hedge funds and large institutions have $299M invested in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in 2018 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 46 reducing their positions, and 20 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
2% more funds holding
Funds holding: 118 → 120 (+2)
9.41% less ownership
Funds ownership: 57.14% → 47.73% (-9.4%)
20% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 46
34% less capital invested
Capital invested by funds: $450M → $299M (-$151M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$14.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.88M |
| 4 |
BCM
Boltwood Capital Management
Walnut Creek,
California
|
+$3.23M |
| 5 |
Morgan Stanley
New York
|
+$2.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$108M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$20M |
| 3 |
PEA
Pacific Edge Advisors
Corona Del Mar,
California
|
-$13.7M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$9.47M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$8.67M |
CORP Hedge Fund Activity: Q4 2018 in Review
120 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) for Q4 2018, worth a combined $299M — down 34% from $450M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CORP positions and 20 closed out — a net gain of 3 holders — while 37 added to existing stakes and 46 trimmed.
The largest buyer was Jane Street, adding an estimated $14.7M. The largest seller was RiverFront Investment Group, cutting an estimated $108M.
- 120 institutional investors held PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) as of Q4 2018, up from 118 in Q3 2018.
- Funds reported $299M of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock for Q4 2018, down 34% quarter-over-quarter.
- 23 funds opened new PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund positions in Q4 2018 and 20 closed out, a net change of +3 holders.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund buyer in Q4 2018 was Jane Street, an estimated $14.7M added.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund seller in Q4 2018 was RiverFront Investment Group, an estimated $108M sold.
Based on aggregated 13F filings for Q4 2018.