PIMCO Corporate & Income Strategy Fund
PCN
57 hedge funds and large institutions have $52.2M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 6 closing their positions.
11% more capital invested
Capital invested by funds: $47.1M → $52.2M (+$5.06M)
1.67% more ownership
Funds ownership: 8.65% → 10.33% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 58 → 57 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$7.35M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.01M |
| 5 |
SG Americas Securities
New York
|
+$989K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$1.41M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$969K |
| 3 |
LPL Financial
San Diego,
California
|
-$921K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$762K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$622K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WTB
51
Washington Trust Bank
Spokane,
Washington
| $20K | – | – | – |
|
|
BCM
52
Blume Capital Management
Berkeley,
California
| $10K | – | – | – |
|
|
FIB
53
First Interstate Bank
Billings,
Montana
| $8K | +$8.09K | +600 | New |
|
|
ATC
54
Adirondack Trust Company
Saratoga Springs,
New York
| $7K | – | – | – |
|
|
WEC
55
Winslow Evans & Crocker
Boston,
Massachusetts
| $2.23K | – | – | – |
|
56
Citigroup
New York
| $1K | -$15.5K | -1,149 | -95% |
|
|
NL
57
NWAM LLC
Mercer Island,
Washington
| – | -$762K | -54,000 | Closed |
|
|
58
Ameriprise
Minneapolis,
Minnesota
| – | -$622K | -43,810 | Closed |
|
|
TYCC
59
Texas Yale Capital Corp
St. Petersburg,
Florida
| – | -$525K | -36,975 | Closed |
|
60
Goldman Sachs
New York
| – | -$363K | -25,594 | Closed |
|
|
WT
61
Whittier Trust
South Pasadena,
California
| – | -$99K | -7,000 | Closed |
|
|
DADC
62
D.A. Davidson & Co
Great Falls,
Montana
| – | -$7K | -500 | Closed |
|
PCN Hedge Fund Activity: Q3 2015 in Review
57 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2015, worth a combined $52.2M — up 11% from $47.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCN and 5 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 16 added.
The largest buyer was Bessemer Group, adding an estimated $7.35M. The largest seller was Advisory Research, cutting an estimated $1.41M.
- 57 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2015, down from 58 in Q2 2015.
- Funds reported $52.2M of PIMCO Corporate & Income Strategy Fund stock for Q3 2015, up 11% quarter-over-quarter.
- 5 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2015 and 6 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2015 was Bessemer Group, an estimated $7.35M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2015 was Advisory Research, an estimated $1.41M sold.
Based on aggregated 13F filings for Q3 2015.