PIMCO Corporate & Income Strategy Fund
PCN
63 hedge funds and large institutions have $41.6M invested in PIMCO Corporate & Income Strategy Fund in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
13% more funds holding
Funds holding: 56 → 63 (+7)
8% more capital invested
Capital invested by funds: $38.4M → $41.6M (+$3.19M)
0.4% more ownership
Funds ownership: 6.03% → 6.43% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$478K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$441K |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$407K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$291K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$336K |
| 2 |
WT
Washington Trust
Westerly,
Rhode Island
|
-$172K |
| 3 |
SCM
Schnieders Capital Management
Pasadena,
California
|
-$168K |
| 4 |
LPL Financial
San Diego,
California
|
-$84.4K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$81.1K |
PCN Hedge Fund Activity: Q2 2014 in Review
63 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2014, worth a combined $41.6M — up 8.3% from $38.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PCN positions and 3 closed out — a net gain of 7 holders — while 19 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $478K. The largest seller was Guggenheim Capital, cutting an estimated $336K.
- 63 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2014, up from 56 in Q1 2014.
- Funds reported $41.6M of PIMCO Corporate & Income Strategy Fund stock for Q2 2014, up 8.3% quarter-over-quarter.
- 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2014 and 3 closed out, a net change of +7 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2014 was Morgan Stanley, an estimated $478K added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2014 was Guggenheim Capital, an estimated $336K sold.
Based on aggregated 13F filings for Q2 2014.