PIMCO Corporate & Income Strategy Fund
PCN
57 hedge funds and large institutions have $52.2M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 6 closing their positions.
11% more capital invested
Capital invested by funds: $47.1M → $52.2M (+$5.06M)
1.67% more ownership
Funds ownership: 8.65% → 10.33% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 58 → 57 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$7.35M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.01M |
| 5 |
SG Americas Securities
New York
|
+$989K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$1.41M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$969K |
| 3 |
LPL Financial
San Diego,
California
|
-$921K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$762K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$622K |
PCN Hedge Fund Activity: Q3 2015 in Review
57 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2015, worth a combined $52.2M — up 11% from $47.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCN and 5 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 16 added.
The largest buyer was Bessemer Group, adding an estimated $7.35M. The largest seller was Advisory Research, cutting an estimated $1.41M.
- 57 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2015, down from 58 in Q2 2015.
- Funds reported $52.2M of PIMCO Corporate & Income Strategy Fund stock for Q3 2015, up 11% quarter-over-quarter.
- 5 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2015 and 6 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2015 was Bessemer Group, an estimated $7.35M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2015 was Advisory Research, an estimated $1.41M sold.
Based on aggregated 13F filings for Q3 2015.