PIMCO Corporate & Income Strategy Fund
PCN
81 hedge funds and large institutions have $59.4M invested in PIMCO Corporate & Income Strategy Fund in 2022 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 13 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
5% more capital invested
Capital invested by funds: $56.3M → $59.4M (+$3.03M)
1% more funds holding
Funds holding: 80 → 81 (+1)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0.64% more ownership
Funds ownership: 11.69% → 12.34% (+0.64%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.01M |
| 2 |
Morgan Stanley
New York
|
+$936K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$873K |
| 4 |
AWS
Atria Wealth Solutions
New York
|
+$389K |
| 5 |
VF
Virtu Financial
New York
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.06M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$816K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$494K |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$356K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$270K |
PCN Hedge Fund Activity: Q4 2022 in Review
81 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q4 2022, worth a combined $59.4M — up 5.4% from $56.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PCN positions and 13 closed out — a net gain of 1 holder — while 26 added to existing stakes and 20 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.01M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.06M sold.
- 81 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q4 2022, up from 80 in Q3 2022.
- Funds reported $59.4M of PIMCO Corporate & Income Strategy Fund stock for Q4 2022, up 5.4% quarter-over-quarter.
- 14 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q4 2022 and 13 closed out, a net change of +1 holder.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q4 2022 was Guggenheim Capital, an estimated $1.01M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q4 2022 was Rivernorth Capital Management, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2022.