PIMCO Corporate & Income Strategy Fund
PCN
62 hedge funds and large institutions have $49.5M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2% more funds holding
Funds holding: 61 → 62 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
1.14% less ownership
Funds ownership: 8.45% → 7.32% (-1.1%)
6% less capital invested
Capital invested by funds: $52.7M → $49.5M (-$3.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$300K |
| 2 |
Morgan Stanley
New York
|
+$279K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$260K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$199K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.58M |
| 2 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$2.14M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.34M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$697K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$232K |
PCN Hedge Fund Activity: Q2 2017 in Review
62 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q2 2017, worth a combined $49.5M — down 6.1% from $52.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PCN positions and 3 closed out — a net gain of 1 holder — while 19 added to existing stakes and 19 trimmed.
The largest buyer was Ameriprise, adding an estimated $300K. The largest seller was Bessemer Group, cutting an estimated $3.58M.
- 62 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q2 2017, up from 61 in Q1 2017.
- Funds reported $49.5M of PIMCO Corporate & Income Strategy Fund stock for Q2 2017, down 6.1% quarter-over-quarter.
- 4 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q2 2017 and 3 closed out, a net change of +1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q2 2017 was Ameriprise, an estimated $300K added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q2 2017 was Bessemer Group, an estimated $3.58M sold.
Based on aggregated 13F filings for Q2 2017.