PIMCO Corporate & Income Strategy Fund
PCN
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.
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: 65 → 57 (-8)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.42M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$398K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$281K |
| 4 |
STA
Summit Trail Advisors
New York
|
+$228K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.27M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.86M |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$601K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$593K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$589K |
PCN Hedge Fund Activity: Q1 2019 in Review
57 of the 4,633 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.