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PCN

PIMCO Corporate & Income Strategy Fund

76 hedge funds and large institutions have $64.4M invested in PIMCO Corporate & Income Strategy Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $59.4M → $64.4M (+$5.04M)

0.69% more ownership

Funds ownership: 12.34%13.03% (+0.69%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

6% less funds holding

Funds holding: 8176 (-5)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Holders
76
Holders Change
-5
Holders Change %
-6.17%
% of All Funds
1.21%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
26
Reduced
19
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.32M +$691K +52,964 +9%
BA
2
Bridge Advisory
California
$6.89M +$369K +28,280 +5%
ECA
3
Elevated Capital Advisors
Utah
$6.21M +$171K +13,107 +3%
Invesco
4
Invesco
Georgia
$3.59M -$142K -10,889 -4%
Janney Montgomery Scott
5
Janney Montgomery Scott
Pennsylvania
$3.52M +$509 +39 +0%
LPL Financial
6
LPL Financial
California
$3.24M +$202K +15,495 +6%
GC
7
Guggenheim Capital
Illinois
$3.23M +$1.11M +85,021 +49%
Northwestern Mutual Wealth Management
8
Northwestern Mutual Wealth Management
Wisconsin
$3.07M +$740K +56,655 +30%
PCM
9
Penserra Capital Management
California
$2.27M +$507K +38,861 +27%
Osaic Holdings
10
Osaic Holdings
Arizona
$1.89M +$22.8K +1,746 +1%
CWP
11
Cyndeo Wealth Partners
Florida
$1.86M +$768K +58,799 +65%
MML Investors Services
12
MML Investors Services
Massachusetts
$1.49M +$31.1K +2,381 +2%
AWS
13
Atria Wealth Solutions
New York
$1.41M +$37.2K +2,850 +3%
AF
14
Allworth Financial
California
$1.33M -$177K -13,579 -11%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$1.2M -$15.2K -1,165 -1%
UBS Group
16
UBS Group
Switzerland
$982K -$137K -10,508 -12%
RWA
17
Redmont Wealth Advisors
Illinois
$941K +$980K +75,053 New
NA
18
NewEdge Advisors
Louisiana
$925K +$35.1K +2,685 +4%
CAN
19
Cetera Advisor Networks
California
$916K +$62.5K +4,788 +7%
IAIM
20
International Assets Investment Management
Florida
$912K +$950K +72,734 New
Bank of America
21
Bank of America
North Carolina
$843K -$98.8K -7,570 -10%
PFS
22
Prospera Financial Services
Texas
$797K +$44.1K +3,379 +6%
Cetera Investment Advisers
23
Cetera Investment Advisers
Illinois
$663K +$26.5K +2,029 +4%
Wells Fargo
24
Wells Fargo
California
$559K -$30.4K -2,332 -5%
KAS
25
Kestra Advisory Services
Texas
$509K -$133K -10,154 -20%

PCN Hedge Fund Activity: Q1 2023 in Review

76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q1 2023, worth a combined $64.4M — up 8.5% from $59.4M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PCN and 10 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 26 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.11M. The largest seller was Advisory Research, exiting entirely with an estimated $1.07M sold.

  • 76 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q1 2023, down from 81 in Q4 2022.
  • Funds reported $64.4M of PIMCO Corporate & Income Strategy Fund stock for Q1 2023, up 8.5% quarter-over-quarter.
  • 10 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q1 2023 and 13 closed out, a net change of -3 holders.
  • The largest PIMCO Corporate & Income Strategy Fund buyer in Q1 2023 was Guggenheim Capital, an estimated $1.11M added.
  • The largest PIMCO Corporate & Income Strategy Fund seller in Q1 2023 was Advisory Research, an estimated $1.07M sold.

Based on aggregated 13F filings for Q1 2023.