PIMCO Corporate & Income Strategy Fund
PCN
65 hedge funds and large institutions have $51.5M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 9 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
4% more capital invested
Capital invested by funds: $49.5M → $51.5M (+$2.07M)
0.42% more ownership
Funds ownership: 7.86% → 8.28% (+0.42%)
2% less funds holding
Funds holding: 66 → 65 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$1.15M |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$585K |
| 3 |
LPL Financial
San Diego,
California
|
+$473K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$349K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$778K |
| 2 |
ED
Exane Derivatives
Paris,
France
|
-$339K |
| 3 |
ACM
Anfield Capital Management
Irvine,
California
|
-$314K |
| 4 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$220K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$184K |
PCN Hedge Fund Activity: Q3 2020 in Review
65 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2020, worth a combined $51.5M — up 4.2% from $49.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PCN and 8 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 21 added.
The largest buyer was Beacon Pointe Advisors, adding an estimated $1.15M. The largest seller was Osaic Holdings, cutting an estimated $778K.
- 65 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2020, down from 66 in Q2 2020.
- Funds reported $51.5M of PIMCO Corporate & Income Strategy Fund stock for Q3 2020, up 4.2% quarter-over-quarter.
- 8 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2020 and 9 closed out, a net change of -1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2020 was Beacon Pointe Advisors, an estimated $1.15M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2020 was Osaic Holdings, an estimated $778K sold.
Based on aggregated 13F filings for Q3 2020.