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PCN

PIMCO Corporate & Income Strategy Fund
PCN

66 hedge funds and large institutions have $49.5M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 15

34% more capital invested

Capital invested by funds: $36.9M → $49.5M (+$12.6M)

0.78% more ownership

Funds ownership: 7.08% → 7.86% (+0.78%)

4% less funds holding

Funds holding: 69 → 66 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
22
Reduced
15
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
+$3.32M
2
ACM
Anfield Capital Management
California
+$723K
3
Morgan Stanley
Morgan Stanley
New York
+$505K
4
AWM
Apollon Wealth Management
South Carolina
+$325K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$263K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$622K
2
IWM
IHT Wealth Management
Illinois
-$484K
3
FIA
Foundations Investment Advisors
Arizona
-$479K
4
AI
Atria Investments
North Carolina
-$420K
5
TF
Trek Financial
Arizona
-$367K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
26
Mid Atlantic Financial Management
Pennsylvania
$359K +$21.6K +1,436 +7%
Truist Financial
27
Truist Financial
North Carolina
$354K -$11K -727 -3%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$351K -$25.8K -1,713 -7%
MML Investors Services
29
MML Investors Services
Massachusetts
$347K +$5.35K +355 +2%
SSWM
30
Sheets Smith Wealth Management
North Carolina
$342K – – –
AWM
31
Apollon Wealth Management
South Carolina
$341K +$325K +21,567 New
GC
32
Guggenheim Capital
Illinois
$331K +$62K +4,116 +24%
AAS
33
Avantax Advisory Services
Texas
$308K +$60 +4 +0%
SVWAG
34
Sound View Wealth Advisors Group
Georgia
$288K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$271K – – –
OC
36
Oppenheimer & Co
New York
$242K +$5.63K +374 +3%
PA
37
Planning Alternatives
Michigan
$241K +$230K +15,250 New
FAAS
38
First Allied Advisory Services
California
$232K -$39K -2,590 -15%
WAP
39
Wealthcare Advisory Partners
Pennsylvania
$220K -$50.9K -3,380 -20%
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$184K +$175K +11,641 New
Stifel Financial
41
Stifel Financial
Missouri
$176K – – –
KA
42
Kovack Advisors
Florida
$160K – – –
WOC
43
West Oak Capital
California
$136K +$9.04K +600 +8%
CFGS
44
Concourse Financial Group Securities
Alabama
$121K – – –
RCA
45
Ranch Capital Advisors
Florida
$107K +$99.4K +6,600 +94,286%
FPB
46
First PREMIER Bank
South Dakota
$67K – – –
EFSCE
47
Enterprise Financial Services Corp (EFSC)
Missouri
$58K – – –
Citigroup
48
Citigroup
New York
$52K – – –
GWM
49
Geneos Wealth Management
Colorado
$52K – – –
SF
50
Synovus Financial
Georgia
$42K -$145K -9,632 -78%
1
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PCN Hedge Fund Activity: Q2 2020 in Review

66 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2020, worth a combined $49.5M — up 34% from $36.9M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PCN and 8 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 22 added.

The largest buyer was Beacon Pointe Advisors, adding an estimated $3.32M. The largest seller was Landscape Capital Management, exiting entirely with an estimated $622K sold.

  • 66 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2020, down from 69 in Q1 2020.
  • Funds reported $49.5M of PIMCO Corporate & Income Strategy Fund stock for Q2 2020, up 34% quarter-over-quarter.
  • 8 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2020 and 11 closed out, a net change of -3 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2020 was Beacon Pointe Advisors, an estimated $3.32M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2020 was Landscape Capital Management, an estimated $622K sold.

Based on aggregated 13F filings for Q2 2020.