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PCN

PIMCO Corporate & Income Strategy Fund
PCN

63 hedge funds and large institutions have $63.4M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

22% more capital invested

Capital invested by funds: $52.2M → $63.4M (+$11.3M)

11% more funds holding

Funds holding: 57 → 63 (+6)

2% more ownership

Funds ownership: 10.33% → 12.33% (+2%)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
63
Holders Change
+6
Holders Change %
+10.53%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
18
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$4.68M
2
LCM
Laurion Capital Management
New York
+$1.6M
3
LPL Financial
LPL Financial
California
+$1.33M
4
Bessemer Group
Bessemer Group
New Jersey
+$925K
5
NL
NWAM LLC
Washington
+$751K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$1.35M
2
SG Americas Securities
SG Americas Securities
New York
-$1.17M
3
Morgan Stanley
Morgan Stanley
New York
-$766K
4
Bank of America
Bank of America
North Carolina
-$521K
5
CRC
Curi RMB Capital
Illinois
-$477K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
26
Creative Planning
Kansas
$466K – – –
SSWM
27
Sheets Smith Wealth Management
North Carolina
$458K – – –
SG Americas Securities
28
SG Americas Securities
New York
$432K -$1.17M -86,341 -73%
AIG
29
American International Group
New York
$429K -$10.3K -756 -2%
WAM
30
Weiss Asset Management
Massachusetts
$423K +$430K +31,573 New
SWP
31
Stratos Wealth Partners
Ohio
$383K +$389K +28,571 New
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$371K +$118K +8,679 +46%
TCM
33
Traynor Capital Management
Pennsylvania
$328K -$145K -10,628 -30%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$301K +$306K +22,492 New
HK
35
Horizon Kinetics
New York
$294K -$40.1K -2,950 -12%
PAG
36
Private Advisor Group
New Jersey
$264K -$45.9K -3,370 -15%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$236K -$44K -3,236 -16%
PA
38
Planning Alternatives
Michigan
$164K -$27.2K -2,000 -14%
Cetera Investment Advisers
39
Cetera Investment Advisers
Illinois
$163K +$165K +12,157 New
SPC
40
Sigma Planning Corp
Michigan
$161K +$1.23K +90 +0.8%
BA
41
Boston Advisors
Massachusetts
$154K -$21.4K -1,575 -12%
VKH
42
Virtu KCG Holdings
New York
$152K +$3.17K +233 +2%
SB
43
Suntrust Banks
Georgia
$151K – – –
IH
44
IFC Holdings
Florida
$147K +$147K +10,807 New
EFSCE
45
Enterprise Financial Services Corp (EFSC)
Missouri
$100K – – –
SF
46
Synovus Financial
Georgia
$75K – – –
AOWM
47
Alpha Omega Wealth Management
Virginia
$62K +$62.6K +4,600 New
BKA
48
Brick & Kyle Associates
Pennsylvania
$59K -$21.8K -1,600 -27%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$56K – – –
IA
50
IFP Advisors
Florida
$55K +$55.7K +4,097 New
1
2
3

PCN Hedge Fund Activity: Q4 2015 in Review

63 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2015, worth a combined $63.4M — up 22% from $52.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PCN positions and 8 closed out — a net gain of 6 holders — while 18 added to existing stakes and 17 trimmed.

The largest buyer was Eaton Vance Management, adding an estimated $4.68M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.35M sold.

  • 63 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2015, up from 57 in Q3 2015.
  • Funds reported $63.4M of PIMCO Corporate & Income Strategy Fund stock for Q4 2015, up 22% quarter-over-quarter.
  • 14 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2015 and 8 closed out, a net change of +6 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2015 was Eaton Vance Management, an estimated $4.68M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2015 was Mariner Investment Group, an estimated $1.35M sold.

Based on aggregated 13F filings for Q4 2015.