PIMCO Corporate & Income Strategy Fund
PCN
58 hedge funds and large institutions have $47.1M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
18% more capital invested
Capital invested by funds: $40M → $47.1M (+$7.11M)
7% more funds holding
Funds holding: 54 → 58 (+4)
1.88% more ownership
Funds ownership: 6.77% → 8.65% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$7.38M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.61M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$660K |
| 4 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$644K |
| 5 |
LPL Financial
San Diego,
California
|
+$644K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.41M |
| 2 |
SG Americas Securities
New York
|
-$781K |
| 3 |
AR
Advisory Research
Chicago,
Illinois
|
-$267K |
| 4 |
LS
Lattice Strategies
Wayne,
Pennsylvania
|
-$202K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
51
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $22K | +$256 | +17 | +1% |
|
|
WTB
52
Washington Trust Bank
Spokane,
Washington
| $21K | +$22.6K | +1,500 | New |
|
53
Citigroup
New York
| $17K | -$1.72K | -114 | -9% |
|
|
BCM
54
Blume Capital Management
Berkeley,
California
| $11K | – | – | – |
|
|
ATC
55
Adirondack Trust Company
Saratoga Springs,
New York
| $7K | – | – | – |
|
|
DADC
56
D.A. Davidson & Co
Great Falls,
Montana
| $7K | – | – | – |
|
|
WEC
57
Winslow Evans & Crocker
Boston,
Massachusetts
| $2.41K | – | – | – |
|
|
LS
58
Lattice Strategies
Wayne,
Pennsylvania
| – | -$202K | -13,124 | Closed |
|
59
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$178K | -11,547 | Closed |
|
60
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$168K | -10,918 | Closed |
|
|
MMG
61
Monetary Management Group
St Louis,
Missouri
| – | -$42K | -2,750 | Closed |
|
|
IC
62
Intersect Capital
San Ramon,
California
| – | -$12K | -781 | Closed |
|
|
ACS
63
Archford Capital Strategies
Swansea,
Illinois
| – | -$139 | -9 | Closed |
|
PCN Hedge Fund Activity: Q2 2015 in Review
58 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2015, worth a combined $47.1M — up 18% from $40M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PCN positions and 6 closed out — a net gain of 4 holders — while 15 added to existing stakes and 17 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $7.38M. The largest seller was MSI Financial Services, cutting an estimated $1.41M.
- 58 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2015, up from 54 in Q1 2015.
- Funds reported $47.1M of PIMCO Corporate & Income Strategy Fund stock for Q2 2015, up 18% quarter-over-quarter.
- 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2015 and 6 closed out, a net change of +4 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2015 was Bessemer Group, an estimated $7.38M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2015 was MSI Financial Services, an estimated $1.41M sold.
Based on aggregated 13F filings for Q2 2015.