Pimco California Municipal Income Fund
PCQ
50 hedge funds and large institutions have $39.4M invested in Pimco California Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
5% more capital invested
Capital invested by funds: $37.6M → $39.4M (+$1.89M)
4% more funds holding
Funds holding: 48 → 50 (+2)
1.85% more ownership
Funds ownership: 22.34% → 24.19% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.61M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$939K |
| 3 |
WN
Williams & Novak
Westlake Village,
California
|
+$695K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$663K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.09M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$427K |
| 3 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$382K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$325K |
| 5 |
TC
TownSquare Capital
Provo,
Utah
|
-$221K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RAM
51
Readystate Asset Management
Chicago,
Illinois
| – | -$382K | -43,153 | Closed |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| – | -$325K | -36,757 | Closed |
|
|
TC
53
TownSquare Capital
Provo,
Utah
| – | -$221K | -24,946 | Closed |
|
|
SCM
54
Saba Capital Management
New York
| – | -$148K | -16,727 | Closed |
|
|
AWS
55
Atria Wealth Solutions
New York
| – | -$125K | -14,110 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$106K | -11,954 | Closed |
|
|
CAL
57
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$13K | -1,505 | Closed |
|
PCQ Hedge Fund Activity: Q2 2025 in Review
50 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q2 2025, worth a combined $39.4M — up 5% from $37.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PCQ positions and 7 closed out — a net gain of 2 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.61M. The largest seller was Advisors Asset Management, cutting an estimated $1.09M.
- 50 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q2 2025, up from 48 in Q1 2025.
- Funds reported $39.4M of Pimco California Municipal Income Fund stock for Q2 2025, up 5% quarter-over-quarter.
- 9 funds opened new Pimco California Municipal Income Fund positions in Q2 2025 and 7 closed out, a net change of +2 holders.
- The largest Pimco California Municipal Income Fund buyer in Q2 2025 was Robinson Capital Management, an estimated $1.61M added.
- The largest Pimco California Municipal Income Fund seller in Q2 2025 was Advisors Asset Management, an estimated $1.09M sold.
Based on aggregated 13F filings for Q2 2025.