Pimco California Municipal Income Fund
PCQ
93 hedge funds and large institutions have $153M invested in Pimco California Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 18 reducing their positions, and 11 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 18
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
10% more capital invested
Capital invested by funds: $138M → $153M (+$14.3M)
6% more funds holding
Funds holding: 88 → 93 (+5)
52.43% less ownership
Funds ownership: 83.59% → 31.16% (-52%)
Top Buyers
Top Sellers
PCQ Hedge Fund Activity: Q4 2025 in Review
93 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q4 2025, worth a combined $153M — up 10% from $138M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PCQ positions and 11 closed out — a net gain of 5 holders — while 36 added to existing stakes and 18 trimmed.
The largest buyer was Almitas Capital, adding an estimated $4.29M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $7.04M sold.
- 93 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q4 2025, up from 88 in Q3 2025.
- Funds reported $153M of Pimco California Municipal Income Fund stock for Q4 2025, up 10% quarter-over-quarter.
- 16 funds opened new Pimco California Municipal Income Fund positions in Q4 2025 and 11 closed out, a net change of +5 holders.
- The largest Pimco California Municipal Income Fund buyer in Q4 2025 was Almitas Capital, an estimated $4.29M added.
- The largest Pimco California Municipal Income Fund seller in Q4 2025 was Toronto Dominion Bank, an estimated $7.04M sold.
Based on aggregated 13F filings for Q4 2025.