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PCN

PIMCO Corporate & Income Strategy Fund

57 hedge funds and large institutions have $42.5M invested in PIMCO Corporate & Income Strategy Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

4% more capital invested

Capital invested by funds: $40.8M → $42.5M (+$1.68M)

0.64% less ownership

Funds ownership: 6.96%6.32% (-0.64%)

12% less funds holding

Funds holding: 6557 (-8)

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
57
Holders Change
-8
Holders Change %
-12.31%
% of All Funds
1.23%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
23
Reduced
15
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$5.45M +$398K +24,413 +8%
Morgan Stanley
2
Morgan Stanley
New York
$3.77M +$199K +12,227 +6%
Invesco
3
Invesco
Georgia
$3.65M -$274K -16,805 -7%
Bank of America
4
Bank of America
North Carolina
$3.02M +$1.42M +86,805 +98%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$2.38M -$214K -13,139 -9%
ECA
6
Elevated Capital Advisors
Utah
$2.23M +$2.59M +158,729 New
LPL Financial
7
LPL Financial
California
$1.92M -$366K -22,454 -17%
LTFS
8
Ladenburg Thalmann Financial Services
Florida
$1.61M +$63.1K +3,873 +4%
AR
9
Advisory Research
Illinois
$1.55M
AG
10
Advisor Group
Arizona
$1.51M -$136K -8,341 -9%
BF
11
BOK Financial
Oklahoma
$1.5M -$228K -13,980 -14%
MML Investors Services
12
MML Investors Services
Massachusetts
$1.42M -$216K -13,227 -14%
Wells Fargo
13
Wells Fargo
California
$1.41M -$65.3K -4,003 -5%
CAN
14
Cetera Advisor Networks
California
$1.29M -$104K -6,395 -8%
Cetera Investment Advisers
15
Cetera Investment Advisers
Illinois
$909K -$84K -5,151 -9%
NL
16
NWAM LLC
Washington
$862K +$7.65K +469 +0.9%
Northwestern Mutual Wealth Management
17
Northwestern Mutual Wealth Management
Wisconsin
$667K +$281K +17,229 +80%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$550K -$1.86M -114,075 -78%
GC
19
Guggenheim Capital
Illinois
$460K +$101K +6,213 +30%
Janney Montgomery Scott
20
Janney Montgomery Scott
Pennsylvania
$434K +$198K +12,119 +93%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$428K +$7.52K +461 +2%
IWM
22
IHT Wealth Management
Illinois
$394K -$5.67K -348 -1%
SSWM
23
Sheets Smith Wealth Management
North Carolina
$385K
MAFM
24
Mid Atlantic Financial Management
Pennsylvania
$378K +$41.2K +2,529 +13%
WAP
25
Wealthcare Advisory Partners
Pennsylvania
$366K -$601K -36,835 -63%

PCN Hedge Fund Activity: Q1 2019 in Review

57 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2019, worth a combined $42.5M — up 4.1% from $40.8M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PCN and 4 opened new positions — a net loss of 8 holders — while 15 trimmed existing stakes and 23 added.

The largest buyer was Bank of America, adding an estimated $1.42M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.27M sold.

  • 57 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2019, down from 65 in Q4 2018.
  • Funds reported $42.5M of PIMCO Corporate & Income Strategy Fund stock for Q1 2019, up 4.1% quarter-over-quarter.
  • 4 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2019 and 12 closed out, a net change of -8 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2019 was Bank of America, an estimated $1.42M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $3.27M sold.

Based on aggregated 13F filings for Q1 2019.