PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
138 hedge funds and large institutions have $458M invested in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 46 increasing their positions, 59 reducing their positions, and 13 closing their positions.
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
3% more funds holding
Funds holding: 134 → 138 (+4)
1.04% more ownership
Funds ownership: 62.81% → 63.85% (+1%)
19% less capital invested
Capital invested by funds: $566M → $458M (-$108M)
22% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 59
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
+$8.39M |
| 2 |
Jane Street
New York
|
+$5.94M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$4.96M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$4.41M |
| 5 |
Morgan Stanley
New York
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$147M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$10.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.86M |
| 4 |
ML
McAdam LLC
Philadelphia,
Pennsylvania
|
-$2.98M |
| 5 |
SDWMA
Schneider Downs Wealth Management Advisors
Pittsburgh,
Pennsylvania
|
-$2.79M |
CORP Hedge Fund Activity: Q1 2023 in Review
138 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) for Q1 2023, worth a combined $458M — down 19% from $566M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CORP positions and 13 closed out — a net gain of 7 holders — while 46 added to existing stakes and 59 trimmed.
The largest buyer was Clear Creek Financial Management, opening a new position worth an estimated $8.39M. The largest seller was Bank of America, cutting an estimated $147M.
- 138 institutional investors held PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) as of Q1 2023, up from 134 in Q4 2022.
- Funds reported $458M of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock for Q1 2023, down 19% quarter-over-quarter.
- 20 funds opened new PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund positions in Q1 2023 and 13 closed out, a net change of +7 holders.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund buyer in Q1 2023 was Clear Creek Financial Management, an estimated $8.39M added.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund seller in Q1 2023 was Bank of America, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2023.