PIMCO Corporate & Income Strategy Fund
PCN
61 hedge funds and large institutions have $52.7M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
3% more funds holding
Funds holding: 59 → 61 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% less capital invested
Capital invested by funds: $52.9M → $52.7M (-$152K)
0.78% less ownership
Funds ownership: 9.23% → 8.45% (-0.78%)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.29M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$308K |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
+$237K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$181K |
| 5 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.02M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.59M |
| 3 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
-$1.05M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$379K |
| 5 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$329K |
PCN Hedge Fund Activity: Q1 2017 in Review
61 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2017, worth a combined $52.7M — down 0.29% from $52.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PCN positions and 6 closed out — a net gain of 3 holders — while 16 added to existing stakes and 21 trimmed.
The largest buyer was Bank of America, adding an estimated $1.29M. The largest seller was Bessemer Group, cutting an estimated $2.02M.
- 61 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2017, up from 59 in Q4 2016.
- Funds reported $52.7M of PIMCO Corporate & Income Strategy Fund stock for Q1 2017, down 0.29% quarter-over-quarter.
- 9 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2017 and 6 closed out, a net change of +3 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2017 was Bank of America, an estimated $1.29M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2017 was Bessemer Group, an estimated $2.02M sold.
Based on aggregated 13F filings for Q1 2017.