PIMCO Corporate & Income Strategy Fund
PCN
88 hedge funds and large institutions have $120M invested in PIMCO Corporate & Income Strategy Fund in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 8 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 19
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
24% more capital invested
Capital invested by funds: $96.3M → $120M (+$23.4M)
6% more funds holding
Funds holding: 83 → 88 (+5)
5.25% more ownership
Funds ownership: 15.28% → 20.54% (+5.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$15.2M |
| 2 |
GL
GHE LLC
Memphis,
Tennessee
|
+$2.01M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.85M |
| 4 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
+$1.25M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$2.52M |
| 2 |
Jane Street
New York
|
-$278K |
| 3 |
HF
HRT Financial
New York
|
-$213K |
| 4 |
KP
Keel Point
Huntsville,
Alabama
|
-$163K |
| 5 |
SWP
Semus Wealth Partners
Boca Raton,
Florida
|
-$101K |
PCN Hedge Fund Activity: Q3 2024 in Review
88 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in PIMCO Corporate & Income Strategy Fund (PCN) for Q3 2024, worth a combined $120M — up 24% from $96.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PCN positions and 8 closed out — a net gain of 5 holders — while 32 added to existing stakes and 19 trimmed.
The largest buyer was International Assets Investment Management, adding an estimated $15.2M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $2.52M sold.
- 88 institutional investors held PIMCO Corporate & Income Strategy Fund (PCN) as of Q3 2024, up from 83 in Q2 2024.
- Funds reported $120M of PIMCO Corporate & Income Strategy Fund stock for Q3 2024, up 24% quarter-over-quarter.
- 13 funds opened new PIMCO Corporate & Income Strategy Fund positions in Q3 2024 and 8 closed out, a net change of +5 holders.
- The largest PIMCO Corporate & Income Strategy Fund buyer in Q3 2024 was International Assets Investment Management, an estimated $15.2M added.
- The largest PIMCO Corporate & Income Strategy Fund seller in Q3 2024 was Penserra Capital Management, an estimated $2.52M sold.
Based on aggregated 13F filings for Q3 2024.