PIMCO Corporate & Income Strategy Fund
PCN
85 hedge funds and large institutions have $62.8M invested in PIMCO Corporate & Income Strategy Fund in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
10% more funds holding
Funds holding: 77 → 85 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.81% less ownership
Funds ownership: 13.62% → 10.81% (-2.8%)
14% less capital invested
Capital invested by funds: $72.7M → $62.8M (-$9.83M)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$1.58M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.2M |
| 3 |
VF
Virtu Financial
New York
|
+$843K |
| 4 |
LPL Financial
San Diego,
California
|
+$581K |
| 5 |
HF
HRT Financial
New York
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$3.76M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.64M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$2.53M |
| 4 |
AWS
Atria Wealth Solutions
New York
|
-$991K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$471K |
PCN Hedge Fund Activity: Q3 2023 in Review
85 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2023, worth a combined $62.8M — down 14% from $72.7M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PCN positions and 9 closed out — a net gain of 9 holders — while 17 added to existing stakes and 23 trimmed.
The largest buyer was Axxcess Wealth Management, opening a new position worth an estimated $1.58M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $3.76M.
- 85 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2023, up from 77 in Q2 2023.
- Funds reported $62.8M of PIMCO Corporate & Income Strategy Fund stock for Q3 2023, down 14% quarter-over-quarter.
- 18 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2023 and 9 closed out, a net change of +9 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2023 was Axxcess Wealth Management, an estimated $1.58M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2023 was Northwestern Mutual Wealth Management, an estimated $3.76M sold.
Based on aggregated 13F filings for Q3 2023.