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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
MG
76
Marex Group
$94.4K +$97.9K +11,000 New
HighTower Advisors
77
HighTower Advisors
Illinois
$90.6K +$80 +9 +0.1%
Carson Wealth (CWM LLC)
78
Carson Wealth (CWM LLC)
Nebraska
$30K +$13.3K +1,500 +75%
SAM
79
Smartleaf Asset Management
Massachusetts
$26.4K – – –
GSWM
80
Golden State Wealth Management
California
$26.3K – – –
GSEP
81
Golden State Equity Partners
California
$22.3K +$23.1K +2,601 New
HCM
82
Hollencrest Capital Management
California
$14K – – –
NB
83
NBT Bank
New York
$6.2K – – –
JP Morgan Chase
84
JP Morgan Chase
New York
$5.92K – – –
MWM
85
Mascoma Wealth Management
New Hampshire
$2.16K – – –
FIA
86
FNY Investment Advisers
New York
$1K – – –
Fifth Third Bancorp
87
Fifth Third Bancorp
Ohio
$532 +$552 +62 New
WT
88
Whittier Trust
California
$4 – – –
Jane Street
89
Jane Street
New York
– -$845K -96,764 Closed
WAM
90
Wolverine Asset Management
Illinois
– -$775K -88,740 Closed
LCM
91
Landscape Capital Management
New Jersey
– -$328K -37,587 Closed
Susquehanna International Group
92
Susquehanna International Group
Pennsylvania
– -$322K -36,924 Closed
RAM
93
Readystate Asset Management
Illinois
– -$318K -36,457 Closed
HF
94
HRT Financial
New York
– -$287K -32,913 Closed
XT
95
XTX Topco
Cayman Islands
– -$263K -30,102 Closed
IC
96
IEQ Capital
California
– -$249K -28,578 Closed
DTC
97
Davidson Trust Company
Washington
– -$228K -26,140 Closed
Nomura Holdings
98
Nomura Holdings
Japan
– -$180K -20,623 Closed
DADC
99
D.A. Davidson & Co
Montana
– -$126K -14,467 Closed
JWCA
100
J.W. Cole Advisors
Florida
– -$109K -12,524 Closed
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.