PIMCO Corporate & Income Strategy Fund
PCN
69 hedge funds and large institutions have $71.6M invested in PIMCO Corporate & Income Strategy Fund in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 8 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
10% more capital invested
Capital invested by funds: $65.3M → $71.6M (+$6.27M)
1.18% more ownership
Funds ownership: 8.58% → 9.76% (+1.2%)
1% less funds holding
Funds holding: 70 → 69 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
Bridge Advisory
Pasadena,
California
|
+$4.22M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.22M |
| 3 |
LPL Financial
San Diego,
California
|
+$852K |
| 4 |
JFA
Johanson Financial Advisors
Campbell,
California
|
+$441K |
| 5 |
Morgan Stanley
New York
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$2.11M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.23M |
| 3 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$821K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$709K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$343K |
PCN Hedge Fund Activity: Q3 2021 in Review
69 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2021, worth a combined $71.6M — up 9.6% from $65.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PCN and 7 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 22 added.
The largest buyer was Bridge Advisory, adding an estimated $4.22M. The largest seller was Beacon Pointe Advisors, cutting an estimated $2.11M.
- 69 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2021, down from 70 in Q2 2021.
- Funds reported $71.6M of PIMCO Corporate & Income Strategy Fund stock for Q3 2021, up 9.6% quarter-over-quarter.
- 7 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2021 and 8 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2021 was Bridge Advisory, an estimated $4.22M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2021 was Beacon Pointe Advisors, an estimated $2.11M sold.
Based on aggregated 13F filings for Q3 2021.