PIMCO Corporate & Income Strategy Fund
PCN
66 hedge funds and large institutions have $49.5M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 11 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 15
34% more capital invested
Capital invested by funds: $36.9M → $49.5M (+$12.6M)
0.78% more ownership
Funds ownership: 7.08% → 7.86% (+0.78%)
4% less funds holding
Funds holding: 69 → 66 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$3.32M |
| 2 |
ACM
Anfield Capital Management
Irvine,
California
|
+$723K |
| 3 |
Morgan Stanley
New York
|
+$505K |
| 4 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$325K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$622K |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$484K |
| 3 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$479K |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$420K |
| 5 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$367K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
PCN Hedge Fund Activity: Q2 2020 in Review
66 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2020, worth a combined $49.5M — up 34% from $36.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PCN and 8 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 22 added.
The largest buyer was Beacon Pointe Advisors, adding an estimated $3.32M. The largest seller was Landscape Capital Management, exiting entirely with an estimated $622K sold.
- 66 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2020, down from 69 in Q1 2020.
- Funds reported $49.5M of PIMCO Corporate & Income Strategy Fund stock for Q2 2020, up 34% quarter-over-quarter.
- 8 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2020 and 11 closed out, a net change of -3 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2020 was Beacon Pointe Advisors, an estimated $3.32M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2020 was Landscape Capital Management, an estimated $622K sold.
Based on aggregated 13F filings for Q2 2020.