Pimco California Municipal Income Fund
PCQ
31 hedge funds and large institutions have $16.3M invested in Pimco California Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
19% more capital invested
Capital invested by funds: $13.7M → $16.3M (+$2.6M)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
11% more funds holding
Funds holding: 28 → 31 (+3)
0.34% more ownership
Funds ownership: 4.55% → 4.89% (+0.34%)
Top Buyers
| 1 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$761K |
| 2 |
Morgan Stanley
New York
|
+$666K |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
+$249K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$104K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$51.8K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $27K | +$25.9K | +1,500 | New |
|
|
PFS
27
Prospera Financial Services
Dallas,
Texas
| $27K | +$26.8K | +1,552 | New |
|
28
JP Morgan Chase
New York
| $23K | +$22.2K | +1,289 | New |
|
|
ETI
29
Enterprise Trust & Investment
Los Gatos,
California
| $18K | – | – | – |
|
|
PAM
30
Panagora Asset Management
Boston,
Massachusetts
| $4K | – | – | – |
|
|
CPW
31
Catalyst Private Wealth
San Mateo,
California
| $4K | +$3.47K | +201 | New |
|
|
SMFS
32
Squar Milner Financial Services
Irvine,
California
| – | -$399K | -24,946 | Closed |
|
|
CAN
33
Cetera Advisor Networks
El Segundo,
California
| – | -$133K | -8,308 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$47K | -2,991 | Closed |
|
PCQ Hedge Fund Activity: Q3 2020 in Review
31 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q3 2020, worth a combined $16.3M — up 19% from $13.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PCQ positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Avantax Advisory Services, opening a new position worth an estimated $761K. The largest seller was Osaic Holdings, cutting an estimated $174K.
- 31 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q3 2020, up from 28 in Q2 2020.
- Funds reported $16.3M of Pimco California Municipal Income Fund stock for Q3 2020, up 19% quarter-over-quarter.
- 6 funds opened new Pimco California Municipal Income Fund positions in Q3 2020 and 3 closed out, a net change of +3 holders.
- The largest Pimco California Municipal Income Fund buyer in Q3 2020 was Avantax Advisory Services, an estimated $761K added.
- The largest Pimco California Municipal Income Fund seller in Q3 2020 was Osaic Holdings, an estimated $174K sold.
Based on aggregated 13F filings for Q3 2020.