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PCN

PIMCO Corporate & Income Strategy Fund
PCN

85 hedge funds and large institutions have $62.8M invested in PIMCO Corporate & Income Strategy Fund in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 9

10% more funds holding

Funds holding: 77 → 85 (+8)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.81% less ownership

Funds ownership: 13.62% → 10.81% (-2.8%)

14% less capital invested

Capital invested by funds: $72.7M → $62.8M (-$9.83M)

26% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 23

Holders
85
Holders Change
+8
Holders Change %
+10.39%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
17
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWM
Axxcess Wealth Management
California
+$1.58M
2
GC
Guggenheim Capital
Illinois
+$1.2M
3
VF
Virtu Financial
New York
+$843K
4
LPL Financial
LPL Financial
California
+$581K
5
HF
HRT Financial
New York
+$549K

Top Sellers

Rank Fund Capital Flow
1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$3.76M
2
Invesco
Invesco
Georgia
-$3.64M
3
PCM
Penserra Capital Management
California
-$2.53M
4
AWS
Atria Wealth Solutions
New York
-$991K
5
ACM
Arlington Capital Management
Illinois
-$471K
Name Holding Trade Value Shares
Change 		Change in
Stake
IWM
51
IHT Wealth Management
Illinois
$140K -$1.78K -131 -1%
Creative Planning
52
Creative Planning
Kansas
$140K +$156K +11,467 New
Millennium Management
53
Millennium Management
New York
$138K +$154K +11,358 New
Mercer Global Advisors
54
Mercer Global Advisors
Colorado
$137K -$4.13K -304 -3%
RJA
55
Raymond James & Associates
Florida
$129K +$144K +10,593 New
SPC
56
Sigma Planning Corp
Michigan
$125K +$140K +10,273 New
Stifel Financial
57
Stifel Financial
Missouri
$124K – – –
NS
58
NBC Securities
Alabama
$96K +$108K +7,938 New
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$94.7K – – –
GWSG
60
GPS Wealth Strategies Group
Colorado
$77.7K -$4.7K -346 -5%
CTC
61
Central Trust Company
Missouri
$53.7K +$59.9K +4,410 New
Comerica Bank
62
Comerica Bank
Texas
$47.2K +$52.7K +3,881 New
BFPW
63
BOK Financial Private Wealth
Colorado
$41.9K – – –
BCMLT
64
Beacon Capital Management LLC (Tennessee)
Tennessee
$37.8K – – –
HI
65
Harbour Investments
Wisconsin
$37.2K +$680 +50 +2%
IA
66
IFP Advisors
Florida
$32.2K +$938 +69 +3%
HIA
67
Harbor Investment Advisory
Maryland
$25.9K – – –
AA
68
Ancora Advisors
Ohio
$24.3K – – –
HCM
69
Hollencrest Capital Management
California
$22.3K -$47.2K -3,475 -65%
SCA
70
Stonebridge Capital Advisors
Minnesota
$20.7K – – –
ICM
71
Intrepid Capital Management
Florida
$18.5K – – –
PP
72
PFS Partners
New Jersey
$18.3K – – –
FPB
73
First PREMIER Bank
South Dakota
$14K – – –
EC
74
Elequin Capital
New York
$13.3K +$14.9K +1,095 New
FIA
75
FNY Investment Advisers
New York
$12K – – –
1 2
3
4

PCN Hedge Fund Activity: Q3 2023 in Review

85 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2023, worth a combined $62.8M — down 14% from $72.7M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new PCN positions and 9 closed out — a net gain of 9 holders — while 17 added to existing stakes and 23 trimmed.

The largest buyer was Axxcess Wealth Management, opening a new position worth an estimated $1.58M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $3.76M.

  • 85 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2023, up from 77 in Q2 2023.
  • Funds reported $62.8M of PIMCO Corporate & Income Strategy Fund stock for Q3 2023, down 14% quarter-over-quarter.
  • 18 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2023 and 9 closed out, a net change of +9 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2023 was Axxcess Wealth Management, an estimated $1.58M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2023 was Northwestern Mutual Wealth Management, an estimated $3.76M sold.

Based on aggregated 13F filings for Q3 2023.