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PCN

PIMCO Corporate & Income Strategy Fund
PCN

73 hedge funds and large institutions have $66M invested in PIMCO Corporate & Income Strategy Fund in 2022 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

8% more capital invested

Capital invested by funds: $61.3M → $66M (+$4.7M)

1.5% more ownership

Funds ownership: 8.82% → 10.32% (+1.5%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

5% less funds holding

Funds holding: 77 → 73 (-4)

Holders
73
Holders Change
-4
Holders Change %
-5.19%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
21
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$4.28M
2
AF
Allworth Financial
California
+$2.26M
3
BA
Bridge Advisory
California
+$1.23M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$767K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$745K

Top Sellers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
-$1.21M
2
HighTower Advisors
HighTower Advisors
Illinois
-$636K
3
Bank of America
Bank of America
North Carolina
-$532K
4
UBS Group
UBS Group
Switzerland
-$498K
5
Morgan Stanley
Morgan Stanley
New York
-$423K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
26
Stratos Wealth Partners
Ohio
$674K +$65.4K +4,127 +11%
KAS
27
Kestra Advisory Services
Texas
$642K +$3.07K +194 +0.5%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$474K +$61.6K +3,888 +15%
Truist Financial
29
Truist Financial
North Carolina
$456K -$760 -48 -0.2%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$427K +$18.7K +1,183 +5%
DA
31
Detalus Advisors
Missouri
$367K -$36.4K -2,301 -9%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$307K +$1.35K +85 +0.4%
SVWAG
33
Sound View Wealth Advisors Group
Georgia
$286K – – –
GM
34
GeoWealth Management
Illinois
$270K +$45.9K +2,896 +20%
OC
35
Oppenheimer & Co
New York
$256K +$1.63K +103 +0.6%
IWM
36
IHT Wealth Management
Illinois
$248K +$15.4K +974 +7%
SSWM
37
Sheets Smith Wealth Management
North Carolina
$238K -$7.92K -500 -3%
GWSG
38
GPS Wealth Strategies Group
Colorado
$227K +$3.48K +220 +2%
SC
39
SouthState Corp
Florida
$206K – – –
CA
40
CoreCap Advisors
Michigan
$198K +$7.52K +475 +4%
AWM
41
Axxcess Wealth Management
California
$196K – – –
DWM
42
Darwin Wealth Management
Florida
$167K +$168K +10,621 New
Stifel Financial
43
Stifel Financial
Missouri
$162K -$11.1K -700 -6%
KA
44
Kovack Advisors
Florida
$162K +$163K +10,309 New
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$123K – – –
AA
46
Ancora Advisors
Ohio
$70K +$60.2K +3,800 +571%
WOC
47
West Oak Capital
California
$66K -$79.2K -5,000 -54%
GWM
48
Geneos Wealth Management
Colorado
$52K – – –
IA
49
IFP Advisors
Florida
$45K +$39.6K +2,500 New
BCMLT
50
Beacon Capital Management LLC (Tennessee)
Tennessee
$45K +$45.7K +2,885 New
1
2
3 4

PCN Hedge Fund Activity: Q1 2022 in Review

73 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2022, worth a combined $66M — up 7.7% from $61.3M a quarter earlier.

Fund positioning in PCN was balanced in Q1 2022: 9 funds opened new positions, 9 closed out, 21 added to existing stakes and 18 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $4.28M. The largest seller was Beacon Pointe Advisors, cutting an estimated $1.21M.

  • 73 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2022, down from 77 in Q4 2021.
  • Funds reported $66M of PIMCO Corporate & Income Strategy Fund stock for Q1 2022, up 7.7% quarter-over-quarter.
  • 9 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2022 and 9 closed out, a net change of 0 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2022 was Invesco, an estimated $4.28M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2022 was Beacon Pointe Advisors, an estimated $1.21M sold.

Based on aggregated 13F filings for Q1 2022.