PIMCO Income Strategy Fund
PFL
47 hedge funds and large institutions have $34.3M invested in PIMCO Income Strategy Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 23 reducing their positions, and 10 closing their positions.
3.04% less ownership
Funds ownership: 13.6% → 10.56% (-3%)
11% less funds holding
Funds holding: 53 → 47 (-6)
17% less capital invested
Capital invested by funds: $41.2M → $34.3M (-$6.9M)
43% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 23
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$851K |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$599K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$596K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$224K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$5.36M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.52M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$810K |
| 4 |
Morgan Stanley
New York
|
-$596K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$545K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Nomura Holdings
Tokyo,
Japan
| – | -$252K | -21,253 | Closed |
|
|
RJFSA
52
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$213K | -17,804 | Closed |
|
|
CWM
53
Cabot Wealth Management
Salem,
Massachusetts
| – | -$162K | -13,585 | Closed |
|
|
CS
54
Credit Suisse
Zurich,
Switzerland
| – | -$155K | -13,000 | Closed |
|
|
VFS
55
VSR Financial Services
Overland Park,
Kansas
| – | -$141K | -11,751 | Closed |
|
56
Goldman Sachs
New York
| – | -$134K | -11,210 | Closed |
|
57
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$7K | -600 | Closed |
|
|
AC
58
Alexandria Capital
Arlington,
Virginia
| – | -$1K | -111 | Closed |
|
PFL Hedge Fund Activity: Q3 2013 in Review
47 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PIMCO Income Strategy Fund (PFL) for Q3 2013, worth a combined $34.3M — down 17% from $41.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PFL and 4 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 13 added.
The largest buyer was MSI Financial Services, adding an estimated $851K. The largest seller was Horizon Kinetics, cutting an estimated $5.36M.
- 47 institutional investors held PIMCO Income Strategy Fund (PFL) as of Q3 2013, down from 53 in Q2 2013.
- Funds reported $34.3M of PIMCO Income Strategy Fund stock for Q3 2013, down 17% quarter-over-quarter.
- 4 funds opened new PIMCO Income Strategy Fund positions in Q3 2013 and 10 closed out, a net change of -6 holders.
- The largest PIMCO Income Strategy Fund buyer in Q3 2013 was MSI Financial Services, an estimated $851K added.
- The largest PIMCO Income Strategy Fund seller in Q3 2013 was Horizon Kinetics, an estimated $5.36M sold.
Based on aggregated 13F filings for Q3 2013.