PIMCO Corporate & Income Strategy Fund
PCN
54 hedge funds and large institutions have $40M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 7 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
2% more capital invested
Capital invested by funds: $39.2M → $40M (+$815K)
0.02% more ownership
Funds ownership: 6.75% → 6.77% (+0.02%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 57 → 54 (-3)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trutina Financial
Bellevue,
Washington
|
+$1.14M |
| 2 |
SG Americas Securities
New York
|
+$598K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$375K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$272K |
| 5 |
WCM
Wunderlich Capital Managemnt
Memphis,
Tennessee
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$688K |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$626K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
-$562K |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$433K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$271K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
51
D.A. Davidson & Co
Great Falls,
Montana
| $7K | -$9.83K | -640 | -56% |
|
|
WEC
52
Winslow Evans & Crocker
Boston,
Massachusetts
| $2.62K | – | – | – |
|
|
ACS
53
Archford Capital Strategies
Swansea,
Illinois
| $139 | – | – | – |
|
|
DA
54
Doliver Advisors
Houston,
Texas
| – | -$688K | -45,543 | Closed |
|
|
ICOA
55
Investment Centers of America
Bismarck,
North Dakota
| – | -$626K | -41,326 | Closed |
|
|
JHIU
56
Janus Henderson Investors US
Denver,
Colorado
| – | -$433K | -28,628 | Closed |
|
|
VKH
57
Virtu KCG Holdings
New York
| – | -$271K | -17,940 | Closed |
|
|
ICAS
58
Investors Capital Advisory Services
Lynnfield,
Massachusetts
| – | -$156K | -10,327 | Closed |
|
59
BNP Paribas Financial Markets
Paris,
France
| – | -$42.3K | -2,800 | Closed |
|
|
BRWA
60
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$21 | -1,412 | Closed |
|
PCN Hedge Fund Activity: Q1 2015 in Review
54 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2015, worth a combined $40M — up 2.1% from $39.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PCN and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 19 added.
The largest buyer was Trutina Financial, opening a new position worth an estimated $1.14M. The largest seller was Doliver Advisors, exiting entirely with an estimated $688K sold.
- 54 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2015, down from 57 in Q4 2014.
- Funds reported $40M of PIMCO Corporate & Income Strategy Fund stock for Q1 2015, up 2.1% quarter-over-quarter.
- 6 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2015 and 7 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2015 was Trutina Financial, an estimated $1.14M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2015 was Doliver Advisors, an estimated $688K sold.
Based on aggregated 13F filings for Q1 2015.