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PCN

PIMCO Corporate & Income Strategy Fund
PCN

57 hedge funds and large institutions have $39.2M invested in PIMCO Corporate & Income Strategy Fund in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

0.17% more ownership

Funds ownership: 6.57% → 6.75% (+0.17%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $39.8M → $39.2M (-$667K)

8% less funds holding

Funds holding: 62 → 57 (-5)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
57
Holders Change
-5
Holders Change %
-8.06%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
17
Reduced
13
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SG Americas Securities
SG Americas Securities
New York
+$935K
2
GC
Guggenheim Capital
Illinois
+$556K
3
JHIU
Janus Henderson Investors US
Colorado
+$460K
4
DA
Doliver Advisors
Texas
+$290K
5
NPC
National Planning Corporation
California
+$272K

Top Sellers

Rank Fund Capital Flow
1
AR
Advisory Research
Illinois
-$510K
2
AQR Capital Management
AQR Capital Management
Connecticut
-$462K
3
Bessemer Group
Bessemer Group
New Jersey
-$434K
4
CNB
City National Bank
California
-$332K
5
LS
Lattice Strategies
Pennsylvania
-$266K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
51
D.A. Davidson & Co
Montana
$17K – – –
BCM
52
Blume Capital Management
California
$11K – – –
ATC
53
Adirondack Trust Company
New York
$8K – – –
WEC
54
Winslow Evans & Crocker
Massachusetts
$2.57K – – –
BRWA
55
B. Riley Wealth Advisors
Florida
$21 +$22.7K +1,412 New
AQR Capital Management
56
AQR Capital Management
Connecticut
– -$462K -29,267 Closed
Bessemer Group
57
Bessemer Group
New Jersey
– -$434K -27,460 Closed
CNB
58
City National Bank
California
– -$332K -21,000 Closed
LS
59
Lattice Strategies
Pennsylvania
– -$266K -16,844 Closed
HCM
60
Hollencrest Capital Management
California
– -$227K -14,350 Closed
TCT
61
TIAA CREF Trust
Missouri
– -$210K -13,294 Closed
FNYS
62
First New York Securities
New York
– -$172K -10,878 Closed
NFG
63
Next Financial Group
Texas
– -$96K -6,094 Closed
Ameriprise
64
Ameriprise
Minnesota
– -$74K -4,701 Closed
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
– -$63K -4,000 Closed
WA
66
WFG Advisors
Texas
– -$19K -1,200 Closed
1 2
3

PCN Hedge Fund Activity: Q4 2014 in Review

57 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2014, worth a combined $39.2M — down 1.7% from $39.8M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PCN and 9 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 17 added.

The largest buyer was SG Americas Securities, opening a new position worth an estimated $935K. The largest seller was Advisory Research, cutting an estimated $510K.

  • 57 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2014, down from 62 in Q3 2014.
  • Funds reported $39.2M of PIMCO Corporate & Income Strategy Fund stock for Q4 2014, down 1.7% quarter-over-quarter.
  • 9 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2014 and 12 closed out, a net change of -3 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2014 was SG Americas Securities, an estimated $935K added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2014 was Advisory Research, an estimated $510K sold.

Based on aggregated 13F filings for Q4 2014.