PIMCO Corporate & Income Strategy Fund
PCN
60 hedge funds and large institutions have $40.8M invested in PIMCO Corporate & Income Strategy Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 5 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
1.43% less ownership
Funds ownership: 7.32% → 5.89% (-1.4%)
3% less funds holding
Funds holding: 62 → 60 (-2)
17% less capital invested
Capital invested by funds: $49.5M → $40.8M (-$8.66M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.56M |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$404K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$311K |
| 4 |
Morgan Stanley
New York
|
+$297K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
-$9.15M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.84M |
| 3 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$673K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$263K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$245K |
PCN Hedge Fund Activity: Q3 2017 in Review
60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2017, worth a combined $40.8M — down 17% from $49.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PCN and 4 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 23 added.
The largest buyer was UBS Group, adding an estimated $1.56M. The largest seller was Cornerstone Financial Partners, exiting entirely with an estimated $9.15M sold.
- 60 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2017, down from 62 in Q2 2017.
- Funds reported $40.8M of PIMCO Corporate & Income Strategy Fund stock for Q3 2017, down 17% quarter-over-quarter.
- 4 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2017 and 5 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2017 was UBS Group, an estimated $1.56M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2017 was Cornerstone Financial Partners, an estimated $9.15M sold.
Based on aggregated 13F filings for Q3 2017.