PIMCO Corporate & Income Strategy Fund
PCN
59 hedge funds and large institutions have $41.5M invested in PIMCO Corporate & Income Strategy Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
16% more funds holding
Funds holding: 51 → 59 (+8)
0.06% more ownership
Funds ownership: 6.84% → 6.9% (+0.06%)
5% less capital invested
Capital invested by funds: $43.4M → $41.5M (-$1.98M)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.29M |
| 2 |
SG Americas Securities
New York
|
+$813K |
| 3 |
HK
Horizon Kinetics
New York
|
+$655K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$372K |
| 5 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$1.37M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$979K |
| 3 |
ACM
Akanthos Capital Management
Woodland Hills,
California
|
-$835K |
| 4 |
Morgan Stanley
New York
|
-$828K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$447K |
PCN Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2013, worth a combined $41.5M — down 4.6% from $43.4M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PCN positions and 6 closed out — a net gain of 8 holders — while 11 added to existing stakes and 21 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.29M. The largest seller was Advisory Research, cutting an estimated $1.37M.
- 59 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2013, up from 51 in Q3 2013.
- Funds reported $41.5M of PIMCO Corporate & Income Strategy Fund stock for Q4 2013, down 4.6% quarter-over-quarter.
- 14 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2013 and 6 closed out, a net change of +8 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2013 was Guggenheim Capital, an estimated $1.29M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2013 was Advisory Research, an estimated $1.37M sold.
Based on aggregated 13F filings for Q4 2013.