PIMCO Corporate & Income Strategy Fund
PCN
67 hedge funds and large institutions have $57.1M invested in PIMCO Corporate & Income Strategy Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $51.5M → $57.1M (+$5.55M)
3% more funds holding
Funds holding: 65 → 67 (+2)
0% less ownership
Funds ownership: 8.28% → 8.27% (-0%)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$2.63M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
+$1.48M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$228K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$206K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$180K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$916K |
| 2 |
Morgan Stanley
New York
|
-$868K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$750K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$456K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$453K |
PCN Hedge Fund Activity: Q4 2020 in Review
67 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2020, worth a combined $57.1M — up 11% from $51.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PCN positions and 7 closed out — a net gain of 3 holders — while 18 added to existing stakes and 22 trimmed.
The largest buyer was Beacon Pointe Advisors, adding an estimated $2.63M. The largest seller was Apollon Wealth Management, exiting entirely with an estimated $916K sold.
- 67 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2020, up from 65 in Q3 2020.
- Funds reported $57.1M of PIMCO Corporate & Income Strategy Fund stock for Q4 2020, up 11% quarter-over-quarter.
- 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2020 and 7 closed out, a net change of +3 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2020 was Beacon Pointe Advisors, an estimated $2.63M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2020 was Apollon Wealth Management, an estimated $916K sold.
Based on aggregated 13F filings for Q4 2020.