PIMCO Corporate & Income Strategy Fund
PCN
63 hedge funds and large institutions have $63.4M invested in PIMCO Corporate & Income Strategy Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
22% more capital invested
Capital invested by funds: $52.2M → $63.4M (+$11.3M)
11% more funds holding
Funds holding: 57 → 63 (+6)
2% more ownership
Funds ownership: 10.33% → 12.33% (+2%)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.68M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.6M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.33M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$925K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$751K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.35M |
| 2 |
SG Americas Securities
New York
|
-$1.17M |
| 3 |
Morgan Stanley
New York
|
-$766K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$521K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$477K |
PCN Hedge Fund Activity: Q4 2015 in Review
63 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2015, worth a combined $63.4M — up 22% from $52.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PCN positions and 8 closed out — a net gain of 6 holders — while 18 added to existing stakes and 17 trimmed.
The largest buyer was Eaton Vance Management, adding an estimated $4.68M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.35M sold.
- 63 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2015, up from 57 in Q3 2015.
- Funds reported $63.4M of PIMCO Corporate & Income Strategy Fund stock for Q4 2015, up 22% quarter-over-quarter.
- 14 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2015 and 8 closed out, a net change of +6 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2015 was Eaton Vance Management, an estimated $4.68M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2015 was Mariner Investment Group, an estimated $1.35M sold.
Based on aggregated 13F filings for Q4 2015.