PIMCO Corporate & Income Strategy Fund
PCN
77 hedge funds and large institutions have $72.7M invested in PIMCO Corporate & Income Strategy Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 15 reducing their positions, and 5 closing their positions.
87% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 15
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
13% more capital invested
Capital invested by funds: $64.4M → $72.7M (+$8.24M)
1% more funds holding
Funds holding: 76 → 77 (+1)
0.59% more ownership
Funds ownership: 13.03% → 13.62% (+0.59%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GL
GHE LLC
Memphis,
Tennessee
|
+$2.41M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.16M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$616K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$610K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
-$1.72M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$932K |
| 3 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$912K |
| 4 |
RWA
Redmont Wealth Advisors
Chicago,
Illinois
|
-$534K |
| 5 |
VF
Virtu Financial
New York
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | – | – | – |
|
|
GI
77
Gradient Investments
Arden Hills,
Minnesota
| $1.32K | +$1.29K | +101 | New |
|
78
BlackRock
New York
| $13 | +$13 | +1 | New |
|
|
IAIM
79
International Assets Investment Management
Orlando,
Florida
| – | -$912K | -72,734 | Closed |
|
|
VF
80
Virtu Financial
New York
| – | -$127K | -10,112 | Closed |
|
|
ASN
81
Advisory Services Network
Atlanta,
Georgia
| – | -$73.8K | -5,883 | Closed |
|
|
AAS
82
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$34.6K | -2,760 | Closed |
|
|
BFEC
83
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$6K | -500 | Closed |
|
PCN Hedge Fund Activity: Q2 2023 in Review
77 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2023, worth a combined $72.7M — up 13% from $64.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PCN positions and 5 closed out — a net gain of 3 holders — while 28 added to existing stakes and 15 trimmed.
The largest buyer was GHE LLC, adding an estimated $2.41M. The largest seller was Elevated Capital Advisors, cutting an estimated $1.72M.
- 77 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2023, up from 76 in Q1 2023.
- Funds reported $72.7M of PIMCO Corporate & Income Strategy Fund stock for Q2 2023, up 13% quarter-over-quarter.
- 8 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2023 and 5 closed out, a net change of +3 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2023 was GHE LLC, an estimated $2.41M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2023 was Elevated Capital Advisors, an estimated $1.72M sold.
Based on aggregated 13F filings for Q2 2023.