PIMCO Corporate & Income Strategy Fund
PCN
60 hedge funds and large institutions have $53.7M invested in PIMCO Corporate & Income Strategy Fund in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.33% less ownership
Funds ownership: 9.42% → 9.09% (-0.33%)
4% less capital invested
Capital invested by funds: $56M → $53.7M (-$2.24M)
2% less funds holding
Funds holding: 61 → 60 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$680K |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
+$365K |
| 3 |
LPL Financial
San Diego,
California
|
+$320K |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$278K |
| 5 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.99M |
| 2 |
TF
Trutina Financial
Bellevue,
Washington
|
-$1.08M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$730K |
| 4 |
Morgan Stanley
New York
|
-$566K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$420K |
PCN Hedge Fund Activity: Q3 2016 in Review
60 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2016, worth a combined $53.7M — down 4% from $56M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCN and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 20 added.
The largest buyer was Bank of America, adding an estimated $680K. The largest seller was Bessemer Group, cutting an estimated $1.99M.
- 60 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2016, down from 61 in Q2 2016.
- Funds reported $53.7M of PIMCO Corporate & Income Strategy Fund stock for Q3 2016, down 4% quarter-over-quarter.
- 5 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2016 and 6 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2016 was Bank of America, an estimated $680K added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2016 was Bessemer Group, an estimated $1.99M sold.
Based on aggregated 13F filings for Q3 2016.