PIMCO Corporate & Income Strategy Fund
PCN
68 hedge funds and large institutions have $36.9M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 11 closing their positions.
184% more capital inflows, than outflows
Capital inflows: $13M | Capital outflows: $4.59M
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
0.2% more ownership
Funds ownership: 6.76% → 6.96% (+0.2%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
7% less funds holding
Funds holding: 73 → 68 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Beacon Pointe Advisors
Newport Beach,
California
|
+$2.24M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.14M |
| 3 |
Morgan Stanley
New York
|
+$941K |
| 4 |
IHT Wealth Management
Chicago,
Illinois
|
+$863K |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
+$823K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Natixis
Paris,
France
|
-$2.49M |
| 2 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$358K |
| 3 |
Planning Alternatives
Birmingham,
Michigan
|
-$272K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$147K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$130K |
PCN Hedge Fund Activity: Q1 2020 in Review
68 of the 4,549 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2020, worth a combined $36.9M — down 28% from $51M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PCN and 10 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 20 added.
The largest buyer was Beacon Pointe Advisors, opening a new position worth an estimated $2.24M. The largest seller was Natixis, exiting entirely with an estimated $2.49M sold.
- 68 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2020, down from 73 in Q4 2019.
- Funds reported $36.9M of PIMCO Corporate & Income Strategy Fund stock for Q1 2020, down 28% quarter-over-quarter.
- 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2020 and 11 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2020 was Beacon Pointe Advisors, an estimated $2.24M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2020 was Natixis, an estimated $2.49M sold.
Based on aggregated 13F filings for Q1 2020.