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PCN

PIMCO Corporate & Income Strategy Fund
PCN

62 hedge funds and large institutions have $49.5M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

2% more funds holding

Funds holding: 61 → 62 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 19

1.14% less ownership

Funds ownership: 8.45% → 7.32% (-1.1%)

6% less capital invested

Capital invested by funds: $52.7M → $49.5M (-$3.2M)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.55%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
4
Increased
19
Reduced
19
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$300K
2
Morgan Stanley
Morgan Stanley
New York
+$279K
3
Wells Fargo
Wells Fargo
California
+$260K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$199K
5
RJA
Raymond James & Associates
Florida
+$194K

Top Sellers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
-$3.58M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$2.14M
3
LPL Financial
LPL Financial
California
-$1.34M
4
GC
Guggenheim Capital
Illinois
-$697K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$232K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
51
Bruderman Asset Management
New York
$28K +$26.5K +1,590 New
NSIM
52
North Star Investment Management
Illinois
$26K – – –
FIB
53
First Interstate Bank
Montana
$22K +$10.8K +650 +108%
CFA
54
Carroll Financial Associates
North Carolina
$18K – – –
BFEC
55
Benjamin F. Edwards & Company
Missouri
$18K +$350 +21 +2%
PCM
56
Penserra Capital Management
California
$18K +$1.52K +91 +10%
SEI Investments
57
SEI Investments
Pennsylvania
$17K +$16.7K +1,000 New
GWS
58
Glassman Wealth Services
Virginia
$11K – – –
Citigroup
59
Citigroup
New York
$10K – – –
AWMS
60
Advocacy Wealth Management Services
Georgia
$5K -$37.1K -2,223 -88%
PA
61
Parallel Advisors
California
$5K – – –
SF
62
Synovus Financial
Georgia
– -$89K -5,611 Closed
BKA
63
Brick & Kyle Associates
Pennsylvania
– -$70K -4,375 Closed
DADC
64
D.A. Davidson & Co
Montana
– -$39K -2,500 Closed
1 2
3

PCN Hedge Fund Activity: Q2 2017 in Review

62 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2017, worth a combined $49.5M — down 6.1% from $52.7M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PCN positions and 3 closed out — a net gain of 1 holder — while 19 added to existing stakes and 19 trimmed.

The largest buyer was Ameriprise, adding an estimated $300K. The largest seller was Bessemer Group, cutting an estimated $3.58M.

  • 62 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2017, up from 61 in Q1 2017.
  • Funds reported $49.5M of PIMCO Corporate & Income Strategy Fund stock for Q2 2017, down 6.1% quarter-over-quarter.
  • 4 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2017 and 3 closed out, a net change of +1 holder.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2017 was Ameriprise, an estimated $300K added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2017 was Bessemer Group, an estimated $3.58M sold.

Based on aggregated 13F filings for Q2 2017.