We are live on ! Find out more
PCN

PIMCO Corporate & Income Strategy Fund
PCN

60 hedge funds and large institutions have $40.8M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

1.43% less ownership

Funds ownership: 7.32% → 5.89% (-1.4%)

3% less funds holding

Funds holding: 62 → 60 (-2)

17% less capital invested

Capital invested by funds: $49.5M → $40.8M (-$8.66M)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
60
Holders Change
-2
Holders Change %
-3.23%
% of All Funds
1.5%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
4
Increased
23
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.56M
2
ICOA
Investment Centers of America
North Dakota
+$404K
3
MML Investors Services
MML Investors Services
Massachusetts
+$311K
4
Morgan Stanley
Morgan Stanley
New York
+$297K
5
Truist Financial
Truist Financial
North Carolina
+$272K

Top Sellers

Rank Fund Capital Flow
1
CFP
Cornerstone Financial Partners
North Carolina
-$9.15M
2
Bessemer Group
Bessemer Group
New Jersey
-$1.84M
3
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$673K
4
NPC
National Planning Corporation
California
-$263K
5
GC
Guggenheim Capital
Illinois
-$245K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFA
51
Carroll Financial Associates
North Carolina
$18K – – –
BFEC
52
Benjamin F. Edwards & Company
Missouri
$18K +$344 +20 +2%
Citigroup
53
Citigroup
New York
$17K +$6.87K +400 +67%
WAP
54
Wealthcare Advisory Partners
Pennsylvania
$16K +$15.3K +890 New
GWS
55
Glassman Wealth Services
Virginia
$11K – – –
PCM
56
Penserra Capital Management
California
$8K -$9.09K -529 -51%
CPIG
57
Chicago Partners Investment Group
Illinois
$7K +$7.3K +425 New
AWMS
58
Advocacy Wealth Management Services
Georgia
$5K – – –
PA
59
Parallel Advisors
California
$5K – – –
CFP
60
Cornerstone Financial Partners
North Carolina
– -$9.15M -527,558 Closed
SBH
61
Segall Bryant & Hamill
Illinois
– -$178K -10,250 Closed
Creative Planning
62
Creative Planning
Kansas
– -$137K -7,888 Closed
BAM
63
Bruderman Asset Management
New York
– -$28K -1,590 Closed
SEI Investments
64
SEI Investments
Pennsylvania
– -$17K -1,000 Closed
1 2
3

PCN Hedge Fund Activity: Q3 2017 in Review

60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2017, worth a combined $40.8M — down 17% from $49.5M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of PCN and 4 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 23 added.

The largest buyer was UBS Group, adding an estimated $1.56M. The largest seller was Cornerstone Financial Partners, exiting entirely with an estimated $9.15M sold.

  • 60 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2017, down from 62 in Q2 2017.
  • Funds reported $40.8M of PIMCO Corporate & Income Strategy Fund stock for Q3 2017, down 17% quarter-over-quarter.
  • 4 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2017 and 5 closed out, a net change of -1 holder.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2017 was UBS Group, an estimated $1.56M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2017 was Cornerstone Financial Partners, an estimated $9.15M sold.

Based on aggregated 13F filings for Q3 2017.