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PCN

PIMCO Corporate & Income Strategy Fund

62 hedge funds and large institutions have $39.8M invested in PIMCO Corporate & Income Strategy Fund in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.14% more ownership

Funds ownership: 6.43%6.57% (+0.14%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

4% less capital invested

Capital invested by funds: $41.6M → $39.8M (-$1.79M)

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

2% less funds holding

Funds holding: 6362 (-1)

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
15
Reduced
16
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AR
1
Advisory Research
Illinois
$5.16M +$192K +11,624 +4%
Morgan Stanley
2
Morgan Stanley
New York
$4.29M -$260K -15,731 -5%
GC
3
Guggenheim Capital
Illinois
$3.19M -$765K -46,231 -19%
Invesco
4
Invesco
Georgia
$2.54M +$216K +13,062 +9%
MFS
5
MSI Financial Services
Massachusetts
$2.16M +$41.4K +2,504 +2%
U
6
UBS
Switzerland
$1.97M +$283K +17,124 +16%
WCM
7
Wunderlich Capital Managemnt
Tennessee
$1.73M +$24.4K +1,473 +1%
LPL Financial
8
LPL Financial
California
$1.71M -$159K -9,594 -8%
Wells Fargo
9
Wells Fargo
California
$1.64M +$226K +13,683 +15%
NPC
10
National Planning Corporation
California
$1.62M +$75.5K +4,559 +5%
Bank of America
11
Bank of America
North Carolina
$1.43M +$3.48K +210 +0.2%
FAAS
12
First Allied Advisory Services
California
$850K -$10.8K -650 -1%
NL
13
NWAM LLC
Washington
$832K +$58.6K +3,539 +7%
CIA
14
Capital Investment Advisors
Georgia
$823K -$12.2K -738 -1%
HK
15
Horizon Kinetics
New York
$649K -$3.72K -225 -0.5%
ICOA
16
Investment Centers of America
North Dakota
$622K +$253K +15,310 +63%
TYCC
17
Texas Yale Capital Corp
Florida
$590K
SSWM
18
Sheets Smith Wealth Management
North Carolina
$563K
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$510K -$270K -16,287 -34%
Creative Planning
20
Creative Planning
Kansas
$495K +$167K +10,097 +48%
AQR Capital Management
21
AQR Capital Management
Connecticut
$462K +$484K +29,267 New
DA
22
Doliver Advisors
Texas
$435K +$456K +27,523 New
Bessemer Group
23
Bessemer Group
New Jersey
$434K +$454K +27,460 New
CNB
24
City National Bank
California
$332K +$348K +21,000 New
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$312K

PCN Hedge Fund Activity: Q3 2014 in Review

62 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2014, worth a combined $39.8M — down 4.3% from $41.6M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PCN and 10 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 15 added.

The largest buyer was AQR Capital Management, opening a new position worth an estimated $484K. The largest seller was Guggenheim Capital, cutting an estimated $765K.

  • 62 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2014, down from 63 in Q2 2014.
  • Funds reported $39.8M of PIMCO Corporate & Income Strategy Fund stock for Q3 2014, down 4.3% quarter-over-quarter.
  • 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2014 and 11 closed out, a net change of -1 holder.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2014 was AQR Capital Management, an estimated $484K added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2014 was Guggenheim Capital, an estimated $765K sold.

Based on aggregated 13F filings for Q3 2014.