We are live on ! Find out more
PCQ

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
93
Holders Change
+5
Holders Change %
+5.68%
% of All Funds
1.13%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
16
Increased
36
Reduced
18
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AC
Almitas Capital
California
+$4.29M
2
RCM
Robinson Capital Management
Michigan
+$3.38M
3
LSC
Logan Stone Capital
Illinois
+$2.75M
4
Verition Fund Management
Verition Fund Management
Connecticut
+$2.68M
5
ACM
Altium Capital Management
New York
+$2.28M

Top Sellers

1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$7.04M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$2.37M
3
AAM
Advisors Asset Management
Colorado
-$2.08M
4
UBS Group
UBS Group
Switzerland
-$955K
5
IWC
Integrated Wealth Concepts
Massachusetts
-$872K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
51
Osaic Holdings
Arizona
$298K -$44.1K -5,013 -13%
Cetera Investment Advisers
52
Cetera Investment Advisers
Illinois
$290K -$359K -40,798 -55%
HF
53
HRT Financial
New York
$287K +$133K +15,151 +85%
CCG
54
Catalina Capital Group
California
$285K +$25.2K +2,859 +10%
SF
55
Summit Financial
New Jersey
$274K – – –
VCM
56
Vivaldi Capital Management
Illinois
$269K +$150 +17 +0.1%
XT
57
XTX Topco
Cayman Islands
$263K +$134K +15,272 +103%
FIT
58
Financially in Tune
Massachusetts
$262K +$264K +29,980 New
Wealth Enhancement Advisory Services
59
Wealth Enhancement Advisory Services
Minnesota
$258K – – –
BBPWM
60
Blue Bell Private Wealth Management
Pennsylvania
$251K +$16.1K +1,831 +7%
IC
61
IEQ Capital
California
$249K +$3.04K +345 +1%
EPW
62
Evolve Private Wealth
California
$238K +$239K +27,148 New
DTC
63
Davidson Trust Company
Washington
$228K – – –
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$223K -$64.3K -7,310 -22%
Commonwealth Equity Services
65
Commonwealth Equity Services
Massachusetts
$223K -$56.8K -6,451 -20%
NG
66
Norden Group
Utah
$218K – – –
SFS
67
Sowell Financial Services
Arkansas
$182K -$77.3K -8,786 -30%
Nomura Holdings
68
Nomura Holdings
Japan
$180K +$181K +20,623 New
WA
69
Whipplewood Advisors
Colorado
$178K – – –
MCM
70
MAI Capital Management
Ohio
$175K +$70.4K +8,000 +66%
NWMP
71
Noble Wealth Management PBC
Colorado
$166K -$4.82K -548 -3%
CIA
72
Choate Investment Advisors
Massachusetts
$161K – – –
MAM
73
Morse Asset Management
Connecticut
$150K +$67.2K +7,635 +80%
JSW
74
Journey Strategic Wealth
New Jersey
$148K +$150K +17,000 New
DADC
75
D.A. Davidson & Co
Montana
$126K +$906 +103 +0.7%
1 2
3
4 5

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.