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PCN

PIMCO Corporate & Income Strategy Fund
PCN

69 hedge funds and large institutions have $36.9M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.28% more ownership

Funds ownership: 6.79% → 7.08% (+0.28%)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

5% less funds holding

Funds holding: 73 → 69 (-4)

29% less capital invested

Capital invested by funds: $51.8M → $36.9M (-$14.9M)

Holders
69
Holders Change
-4
Holders Change %
-5.48%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
20
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
+$2.24M
2
Bank of America
Bank of America
North Carolina
+$1.14M
3
Morgan Stanley
Morgan Stanley
New York
+$941K
4
IWM
IHT Wealth Management
Illinois
+$863K
5
LCM
Landscape Capital Management
New Jersey
+$823K

Top Sellers

Rank Fund Capital Flow
1
N
Natixis
France
-$2.49M
2
JFA
Johanson Financial Advisors
California
-$735K
3
IAA
Independent Advisor Alliance
North Carolina
-$358K
4
PA
Planning Alternatives
Michigan
-$272K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
26
Stratos Wealth Partners
Ohio
$339K -$74.4K -4,215 -14%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$318K -$147K -8,317 -26%
Truist Financial
28
Truist Financial
North Carolina
$308K -$57.4K -3,250 -12%
MML Investors Services
29
MML Investors Services
Massachusetts
$288K -$130K -7,342 -25%
SSWM
30
Sheets Smith Wealth Management
North Carolina
$288K -$6.18K -350 -2%
MAFM
31
Mid Atlantic Financial Management
Pennsylvania
$283K -$4.84K -274 -1%
AAS
32
Avantax Advisory Services
Texas
$260K +$25.1K +1,422 +8%
SVWAG
33
Sound View Wealth Advisors Group
Georgia
$243K – – –
WAP
34
Wealthcare Advisory Partners
Pennsylvania
$230K +$2.05K +116 +0.7%
FAAS
35
First Allied Advisory Services
California
$230K +$107K +6,090 +55%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$229K – – –
GC
37
Guggenheim Capital
Illinois
$224K -$116K -6,560 -28%
OC
38
Oppenheimer & Co
New York
$199K +$264K +14,950 New
RJFSA
39
Raymond James Financial Services Advisors
Florida
$171K +$226K +12,804 New
SF
40
Synovus Financial
Georgia
$166K +$161K +9,132 +289%
CAN
41
Claraphi Advisory Network
United States
$161K +$213K +12,075 New
Stifel Financial
42
Stifel Financial
Missouri
$147K -$84.7K -4,800 -30%
RIG
43
Ramiah Investment Group
Wisconsin
$146K +$371 +21 +0.2%
RJA
44
Raymond James & Associates
Florida
$144K -$12.7K -717 -6%
KA
45
Kovack Advisors
Florida
$135K +$178K +10,084 New
WOC
46
West Oak Capital
California
$107K – – –
CFGS
47
Concourse Financial Group Securities
Alabama
$102K – – –
EWM
48
EPG Wealth Management
Georgia
$64K -$73.8K -4,180 -47%
FPB
49
First PREMIER Bank
South Dakota
$57K -$13.2K -745 -15%
ASN
50
Advisory Services Network
Georgia
$56K +$41K +2,322 +124%
1
2
3 4

PCN Hedge Fund Activity: Q1 2020 in Review

69 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2020, worth a combined $36.9M — down 29% from $51.8M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PCN and 10 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 20 added.

The largest buyer was Beacon Pointe Advisors, opening a new position worth an estimated $2.24M. The largest seller was Natixis, exiting entirely with an estimated $2.49M sold.

  • 69 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2020, down from 73 in Q4 2019.
  • Funds reported $36.9M of PIMCO Corporate & Income Strategy Fund stock for Q1 2020, down 29% quarter-over-quarter.
  • 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2020 and 11 closed out, a net change of -1 holder.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2020 was Beacon Pointe Advisors, an estimated $2.24M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2020 was Natixis, an estimated $2.49M sold.

Based on aggregated 13F filings for Q1 2020.