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PCQ

Pimco California Municipal Income Fund

88 hedge funds and large institutions have $138M invested in Pimco California Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 34 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

750% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 4

633% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 6

251% more capital invested

Capital invested by funds: $39.4M → $138M (+$98.9M)

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

76% more funds holding

Funds holding: 5088 (+38)

59.41% more ownership

Funds ownership: 24.19%83.59% (+59%)

Holders
88
Holders Change
+38
Holders Change %
+76%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
44
Increased
34
Reduced
4
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SFS
51
Sowell Financial Services
Arkansas
$259K +$251K +29,686 New
Wealth Enhancement Advisory Services
52
Wealth Enhancement Advisory Services
Minnesota
$256K +$146K +17,244 +144%
IC
53
IEQ Capital
California
$246K +$238K +28,233 New
BBPWM
54
Blue Bell Private Wealth Management
Pennsylvania
$234K +$183K +21,631 +412%
DTC
55
Davidson Trust Company
Washington
$228K
NG
56
Norden Group
Utah
$218K
LCM
57
Landscape Capital Management
New Jersey
$190K +$81.7K +9,686 +80%
WA
58
Whipplewood Advisors
Colorado
$178K +$172K +20,432 New
NWMP
59
Noble Wealth Management PBC
Colorado
$170K +$165K +19,524 New
CIA
60
Choate Investment Advisors
Massachusetts
$160K +$155K +18,404 New
HF
61
HRT Financial
New York
$154K +$150K +17,762 New
XT
62
XTX Topco
Cayman Islands
$129K +$125K +14,830 New
DADC
63
D.A. Davidson & Co
Montana
$125K +$121K +14,364 New
Stifel Financial
64
Stifel Financial
Missouri
$117K +$113K +13,379 New
AF
65
Abound Financial
California
$114K +$110K +13,036 New
JWCA
66
J.W. Cole Advisors
Florida
$109K +$106K +12,524 New
PFA
67
Pure Financial Advisors
California
$108K +$104K +12,379 New
MCM
68
MAI Capital Management
Ohio
$106K +$59.1K +7,000 +137%
PCM
69
Permanent Capital Management
Illinois
$96.3K +$92.8K +10,998 New
NFA
70
Northwest Financial Advisors
Virginia
$94.1K
HighTower Advisors
71
HighTower Advisors
Illinois
$92K +$89K +10,548 New
STA
72
Summit Trail Advisors
New York
$90.2K +$87K +10,305 New
MAM
73
Morse Asset Management
Connecticut
$83.7K -$62.9K -7,447 -44%
TIM
74
Tortoise Investment Management
New York
$54.6K +$52.9K +6,264 New
FFA
75
Farther Finance Advisors
California
$27.2K +$16.9K +2,000 +180%

PCQ Hedge Fund Activity: Q3 2025 in Review

88 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q3 2025, worth a combined $138M — up 251% from $39.4M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PCQ positions and 6 closed out — a net gain of 38 holders — while 34 added to existing stakes and 4 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $13.2M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.62M sold.

  • 88 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q3 2025, up from 50 in Q2 2025.
  • Funds reported $138M of Pimco California Municipal Income Fund stock for Q3 2025, up 251% quarter-over-quarter.
  • 44 funds opened new Pimco California Municipal Income Fund positions in Q3 2025 and 6 closed out, a net change of +38 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q3 2025 was Rivernorth Capital Management, an estimated $13.2M added.
  • The largest Pimco California Municipal Income Fund seller in Q3 2025 was Robinson Capital Management, an estimated $1.62M sold.

Based on aggregated 13F filings for Q3 2025.