PIMCO Corporate & Income Strategy Fund
PCN
62 hedge funds and large institutions have $57.5M invested in PIMCO Corporate & Income Strategy Fund in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
1.55% less ownership
Funds ownership: 12.33% → 10.78% (-1.5%)
2% less funds holding
Funds holding: 63 → 62 (-1)
9% less capital invested
Capital invested by funds: $63.4M → $57.5M (-$5.99M)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
+$2.37M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$1.52M |
| 3 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$873K |
| 4 |
LPL Financial
San Diego,
California
|
+$748K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$317K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.12M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.75M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$1.58M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$927K |
| 5 |
AR
Advisory Research
Chicago,
Illinois
|
-$750K |
PCN Hedge Fund Activity: Q1 2016 in Review
62 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2016, worth a combined $57.5M — down 9.4% from $63.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PCN and 9 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 18 added.
The largest buyer was Cornerstone Financial Partners, adding an estimated $2.37M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $5.12M sold.
- 62 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2016, down from 63 in Q4 2015.
- Funds reported $57.5M of PIMCO Corporate & Income Strategy Fund stock for Q1 2016, down 9.4% quarter-over-quarter.
- 9 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2016 and 10 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2016 was Cornerstone Financial Partners, an estimated $2.37M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2016 was Eaton Vance Management, an estimated $5.12M sold.
Based on aggregated 13F filings for Q1 2016.