PIMCO Corporate & Income Strategy Fund
PCN
56 hedge funds and large institutions have $38.4M invested in PIMCO Corporate & Income Strategy Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 23 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.86% less ownership
Funds ownership: 6.9% → 6.03% (-0.86%)
5% less funds holding
Funds holding: 59 → 56 (-3)
7% less capital invested
Capital invested by funds: $41.5M → $38.4M (-$3.02M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
52% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$257K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$212K |
| 3 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$209K |
| 4 |
WT
Washington Trust
Westerly,
Rhode Island
|
+$172K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.95M |
| 2 |
SG Americas Securities
New York
|
-$778K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$767K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$740K |
| 5 |
HK
Horizon Kinetics
New York
|
-$716K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
51
D.A. Davidson & Co
Great Falls,
Montana
| $8K | – | – | – |
|
|
TWA
52
TCI Wealth Advisors
Tucson,
Arizona
| $8K | – | – | – |
|
|
WEC
53
Winslow Evans & Crocker
Boston,
Massachusetts
| $3.91K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $3K | -$59.8K | -3,600 | -95% |
|
|
ACS
55
Archford Capital Strategies
Swansea,
Illinois
| $150 | +$150 | +9 | New |
|
|
RCM
56
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.95M | -123,672 | Closed |
|
|
57
SG Americas Securities
New York
| – | -$778K | -49,212 | Closed |
|
|
BRWA
58
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$171K | -10,822 | Closed |
|
|
EWM
59
Elite Wealth Management
Kirkland,
Washington
| – | -$30K | -1,886 | Closed |
|
60
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$11K | -700 | Closed |
|
|
WCM
61
Windsor Capital Management
Phoenix,
Arizona
| – | -$5K | -300 | Closed |
|
PCN Hedge Fund Activity: Q1 2014 in Review
56 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2014, worth a combined $38.4M — down 7.3% from $41.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCN and 3 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 11 added.
The largest buyer was Advisory Research, adding an estimated $257K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.95M sold.
- 56 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2014, down from 59 in Q4 2013.
- Funds reported $38.4M of PIMCO Corporate & Income Strategy Fund stock for Q1 2014, down 7.3% quarter-over-quarter.
- 3 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2014 and 6 closed out, a net change of -3 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2014 was Advisory Research, an estimated $257K added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2014 was Rivernorth Capital Management, an estimated $1.95M sold.
Based on aggregated 13F filings for Q1 2014.