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PCN

PIMCO Corporate & Income Strategy Fund
PCN

58 hedge funds and large institutions have $42.8M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

5% more capital invested

Capital invested by funds: $40.8M → $42.8M (+$1.91M)

0.48% more ownership

Funds ownership: 5.89% → 6.37% (+0.48%)

3% less funds holding

Funds holding: 60 → 58 (-2)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
58
Holders Change
-2
Holders Change %
-3.33%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
18
Reduced
13
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BF
BOK Financial
Oklahoma
+$1.85M
2
CAN
Cetera Advisor Networks
California
+$1.35M
3
AG
Advisor Group
Arizona
+$684K
4
UBS Group
UBS Group
Switzerland
+$579K
5
IWM
IHT Wealth Management
Illinois
+$556K

Top Sellers

Rank Fund Capital Flow
1
ICOA
Investment Centers of America
North Dakota
-$1.43M
2
HVIA
Hudson Valley Investment Advisors
New York
-$982K
3
NPC
National Planning Corporation
California
-$578K
4
SI
SII Investments
Wisconsin
-$298K
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$258K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIP
26
Ahrens Investment Partners
Louisiana
$327K -$11.9K -700 -4%
IH
27
IFC Holdings
Florida
$302K -$10.8K -634 -3%
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$295K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$280K +$52K +3,063 +23%
Truist Financial
30
Truist Financial
North Carolina
$272K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$266K -$13.4K -789 -5%
TCM
32
Traynor Capital Management
Pennsylvania
$248K -$16.3K -958 -6%
PA
33
Planning Alternatives
Michigan
$245K +$33.9K +2,000 +16%
RJA
34
Raymond James & Associates
Florida
$191K +$7.06K +416 +4%
HK
35
Horizon Kinetics
New York
$176K – – –
FPB
36
First PREMIER Bank
South Dakota
$124K -$7.01K -413 -5%
IA
37
IFP Advisors
Florida
$102K -$60K -3,538 -37%
AOWM
38
Alpha Omega Wealth Management
Virginia
$96K +$17K +1,000 +22%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$86K – – –
US Bancorp
40
US Bancorp
Minnesota
$75K – – –
EFSCE
41
Enterprise Financial Services Corp (EFSC)
Missouri
$63K – – –
GWM
42
Geneos Wealth Management
Colorado
$39K +$1.87K +110 +5%
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$36K +$35.5K +2,090 New
FIB
44
First Interstate Bank
Montana
$35K +$13K +765 +61%
ASN
45
Advisory Services Network
Georgia
$32K – – –
TFA
46
Toth Financial Advisory
Virginia
$30K – – –
APSP
47
Asset Planning Services (Pennsylvania)
Pennsylvania
$28K – – –
NSIM
48
North Star Investment Management
Illinois
$26K – – –
WC
49
Westwind Capital
New Mexico
$19K +$18.7K +1,100 New
CFA
50
Carroll Financial Associates
North Carolina
$18K – – –
1
2
3

PCN Hedge Fund Activity: Q4 2017 in Review

58 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2017, worth a combined $42.8M — up 4.7% from $40.8M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PCN and 10 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 18 added.

The largest buyer was BOK Financial, opening a new position worth an estimated $1.85M. The largest seller was Investment Centers of America, exiting entirely with an estimated $1.43M sold.

  • 58 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2017, down from 60 in Q3 2017.
  • Funds reported $42.8M of PIMCO Corporate & Income Strategy Fund stock for Q4 2017, up 4.7% quarter-over-quarter.
  • 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2017 and 12 closed out, a net change of -2 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2017 was BOK Financial, an estimated $1.85M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2017 was Investment Centers of America, an estimated $1.43M sold.

Based on aggregated 13F filings for Q4 2017.