PIMCO Corporate & Income Strategy Fund
PCN
85 hedge funds and large institutions have $86.9M invested in PIMCO Corporate & Income Strategy Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 20 reducing their positions, and 15 closing their positions.
38% more capital invested
Capital invested by funds: $62.8M → $86.9M (+$24M)
35% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 20
3.85% more ownership
Funds ownership: 10.81% → 14.66% (+3.8%)
0% more funds holding
Funds holding: 85 → 85 (0)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.16M |
| 2 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$4.45M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.26M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$2.88M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
Bridge Advisory
Pasadena,
California
|
-$6.56M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$3.11M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$866K |
| 4 |
VF
Virtu Financial
New York
|
-$755K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$605K |
PCN Hedge Fund Activity: Q4 2023 in Review
85 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2023, worth a combined $86.9M — up 38% from $62.8M a quarter earlier.
Fund positioning in PCN was balanced in Q4 2023: 15 funds opened new positions, 15 closed out, 27 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.16M. The largest seller was Bridge Advisory, cutting an estimated $6.56M.
- 85 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $86.9M of PIMCO Corporate & Income Strategy Fund stock for Q4 2023, up 38% quarter-over-quarter.
- 15 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2023 and 15 closed out, a net change of 0 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2023 was Morgan Stanley, an estimated $8.16M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2023 was Bridge Advisory, an estimated $6.56M sold.
Based on aggregated 13F filings for Q4 2023.