PIMCO Corporate & Income Strategy Fund
PCN
61 hedge funds and large institutions have $56M invested in PIMCO Corporate & Income Strategy Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
3% less capital invested
Capital invested by funds: $57.5M → $56M (-$1.5M)
1.36% less ownership
Funds ownership: 10.78% → 9.42% (-1.4%)
2% less funds holding
Funds holding: 62 → 61 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
+$4.32M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
+$1.52M |
| 3 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$1.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$696K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$537K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$7.76M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.12M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.53M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.43M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$1.26M |
PCN Hedge Fund Activity: Q2 2016 in Review
61 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2016, worth a combined $56M — down 2.6% from $57.5M a quarter earlier.
Fund positioning in PCN was balanced in Q2 2016: 6 funds opened new positions, 6 closed out, 19 added to existing stakes and 19 trimmed.
The largest buyer was Cornerstone Financial Partners, adding an estimated $4.32M. The largest seller was Bessemer Group, cutting an estimated $7.76M.
- 61 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2016, down from 62 in Q1 2016.
- Funds reported $56M of PIMCO Corporate & Income Strategy Fund stock for Q2 2016, down 2.6% quarter-over-quarter.
- 6 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2016 and 6 closed out, a net change of 0 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2016 was Cornerstone Financial Partners, an estimated $4.32M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2016 was Bessemer Group, an estimated $7.76M sold.
Based on aggregated 13F filings for Q2 2016.