PIMCO Corporate & Income Strategy Fund
PCN
65 hedge funds and large institutions have $40.8M invested in PIMCO Corporate & Income Strategy Fund in 2018 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 11 closing their positions.
2% more funds holding
Funds holding: 64 → 65 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0.09% more ownership
Funds ownership: 6.88% → 6.96% (+0.09%)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
18% less capital invested
Capital invested by funds: $49.5M → $40.8M (-$8.69M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.51M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.89M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$653K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$648K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$404K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.2M |
| 2 |
WCM
Wunderlich Capital Managemnt
Memphis,
Tennessee
|
-$2.28M |
| 3 |
Jane Street
New York
|
-$287K |
| 4 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
-$280K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$240K |
PCN Hedge Fund Activity: Q4 2018 in Review
65 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2018, worth a combined $40.8M — down 18% from $49.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PCN positions and 11 closed out — a net gain of 1 holder — while 19 added to existing stakes and 19 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.51M. The largest seller was Ameriprise, exiting entirely with an estimated $5.2M sold.
- 65 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2018, up from 64 in Q3 2018.
- Funds reported $40.8M of PIMCO Corporate & Income Strategy Fund stock for Q4 2018, down 18% quarter-over-quarter.
- 12 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2018 and 11 closed out, a net change of +1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $3.51M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2018 was Ameriprise, an estimated $5.2M sold.
Based on aggregated 13F filings for Q4 2018.