Pimco California Municipal Income Fund
PCQ
48 hedge funds and large institutions have $37.6M invested in Pimco California Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
11% more capital invested
Capital invested by funds: $33.9M → $37.6M (+$3.69M)
4% more funds holding
Funds holding: 46 → 48 (+2)
2.61% more ownership
Funds ownership: 19.73% → 22.34% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.21M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$692K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$400K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$370K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$433K |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$271K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$135K |
| 4 |
Goldman Sachs
New York
|
-$127K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$124K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
51
Morse Asset Management
Darien,
Connecticut
| – | -$120K | -13,301 | Closed |
|
52
HighTower Advisors
Chicago,
Illinois
| – | -$92.5K | -10,235 | Closed |
|
53
US Bancorp
Minneapolis,
Minnesota
| – | -$6.04K | -668 | Closed |
|
PCQ Hedge Fund Activity: Q1 2025 in Review
48 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2025, worth a combined $37.6M — up 11% from $33.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PCQ positions and 5 closed out — a net gain of 2 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Almitas Capital, opening a new position worth an estimated $1.85M. The largest seller was Guggenheim Capital, cutting an estimated $433K.
- 48 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2025, up from 46 in Q4 2024.
- Funds reported $37.6M of Pimco California Municipal Income Fund stock for Q1 2025, up 11% quarter-over-quarter.
- 7 funds opened new Pimco California Municipal Income Fund positions in Q1 2025 and 5 closed out, a net change of +2 holders.
- The largest Pimco California Municipal Income Fund buyer in Q1 2025 was Almitas Capital, an estimated $1.85M added.
- The largest Pimco California Municipal Income Fund seller in Q1 2025 was Guggenheim Capital, an estimated $433K sold.
Based on aggregated 13F filings for Q1 2025.