PIMCO Corporate & Income Strategy Fund
PCN
59 hedge funds and large institutions have $52.9M invested in PIMCO Corporate & Income Strategy Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 7 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
0.14% more ownership
Funds ownership: 9.09% → 9.23% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $53.7M → $52.9M (-$893K)
3% less funds holding
Funds holding: 61 → 59 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.11M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$387K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$280K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$247K |
| 5 |
Squarepoint
New York
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPC
National Planning Corporation
El Segundo,
California
|
-$1.98M |
| 2 |
TF
Trutina Financial
Bellevue,
Washington
|
-$616K |
| 3 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$276K |
| 4 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
-$186K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$166K |
PCN Hedge Fund Activity: Q4 2016 in Review
59 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2016, worth a combined $52.9M — down 1.7% from $53.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PCN and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 19 added.
The largest buyer was Bessemer Group, adding an estimated $2.11M. The largest seller was National Planning Corporation, cutting an estimated $1.98M.
- 59 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2016, down from 61 in Q3 2016.
- Funds reported $52.9M of PIMCO Corporate & Income Strategy Fund stock for Q4 2016, down 1.7% quarter-over-quarter.
- 6 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2016 and 7 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2016 was Bessemer Group, an estimated $2.11M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2016 was National Planning Corporation, an estimated $1.98M sold.
Based on aggregated 13F filings for Q4 2016.