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PCQ

Pimco California Municipal Income Fund
PCQ

88 hedge funds and large institutions have $160M invested in Pimco California Municipal Income Fund in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 23

1.94% more ownership

Funds ownership: 31.16% → 33.11% (+1.9%)

4% more capital invested

Capital invested by funds: $153M → $160M (+$6.87M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5% less funds holding

Funds holding: 93 → 88 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
88
Holders Change
-5
Holders Change %
-5.38%
% of All Funds
1.08%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
34
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$10.1M
2
AAM
Advisors Asset Management
Colorado
+$2.58M
3
GC
Guggenheim Capital
Illinois
+$2.05M
4
KIM
Karpus Investment Management
New York
+$2M
5
RCM
Robinson Capital Management
Michigan
+$1.81M

Top Sellers

1
SCM
Saba Capital Management
New York
-$3.96M
2
LSC
Logan Stone Capital
Illinois
-$1.55M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.39M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.26M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$271K -$64.2K -7,211 -19%
VCM
52
Vivaldi Capital Management
Illinois
$265K +$151 +17 +0.1%
FIT
53
Financially in Tune
Massachusetts
$257K – – –
BBPWM
54
Blue Bell Private Wealth Management
Pennsylvania
$246K – – –
WWM
55
Western Wealth Management
Colorado
$244K +$253K +28,416 New
EPW
56
Evolve Private Wealth
California
$225K -$8.09K -909 -3%
NG
57
Norden Group
Utah
$214K – – –
Wealth Enhancement Advisory Services
58
Wealth Enhancement Advisory Services
Minnesota
$207K -$45.5K -5,112 -17%
Stifel Financial
59
Stifel Financial
Missouri
$200K +$88.5K +9,949 +74%
Osaic Holdings
60
Osaic Holdings
Arizona
$198K -$98.2K -11,033 -32%
Commonwealth Equity Services
61
Commonwealth Equity Services
Massachusetts
$196K -$24.7K -2,774 -11%
FFA
62
Farther Finance Advisors
California
$184K +$133K +15,000 +232%
SFS
63
Sowell Financial Services
Arkansas
$181K +$1.64K +184 +0.9%
WA
64
Whipplewood Advisors
Colorado
$176K +$418 +47 +0.2%
MCM
65
MAI Capital Management
Ohio
$172K – – –
CIA
66
Choate Investment Advisors
Massachusetts
$158K – – –
MAM
67
Morse Asset Management
Connecticut
$151K +$2.75K +309 +2%
JSW
68
Journey Strategic Wealth
New Jersey
$146K – – –
NWMP
69
Noble Wealth Management PBC
Colorado
$127K -$37.6K -4,220 -22%
Cetera Investment Advisers
70
Cetera Investment Advisers
Illinois
$127K -$165K -18,514 -56%
SFG
71
Seamount Financial Group
Colorado
$124K +$128K +14,436 New
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$113K -$111K -12,456 -49%
PPW
73
Pasadena Private Wealth
California
$107K – – –
PFA
74
Pure Financial Advisors
California
$106K – – –
GIP
75
Granite Investment Partners
California
$104K +$108K +12,108 New
1 2
3
4 5

PCQ Hedge Fund Activity: Q1 2026 in Review

88 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2026, worth a combined $160M — up 4.5% from $153M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PCQ and 10 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 34 added.

The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $10.1M. The largest seller was Saba Capital Management, cutting an estimated $3.96M.

  • 88 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2026, down from 93 in Q4 2025.
  • Funds reported $160M of Pimco California Municipal Income Fund stock for Q1 2026, up 4.5% quarter-over-quarter.
  • 10 funds opened new Pimco California Municipal Income Fund positions in Q1 2026 and 14 closed out, a net change of -4 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q1 2026 was Toronto Dominion Bank, an estimated $10.1M added.
  • The largest Pimco California Municipal Income Fund seller in Q1 2026 was Saba Capital Management, an estimated $3.96M sold.

Based on aggregated 13F filings for Q1 2026.