Pimco California Municipal Income Fund
PCQ
23 hedge funds and large institutions have $16.9M invested in Pimco California Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 4 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1.08% less ownership
Funds ownership: 6.4% → 5.32% (-1.1%)
4% less funds holding
Funds holding: 24 → 23 (-1)
14% less capital invested
Capital invested by funds: $19.7M → $16.9M (-$2.85M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$251K |
| 2 |
Morgan Stanley
New York
|
+$223K |
| 3 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$183K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$147K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.17M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.03M |
| 3 |
BOS
Bank of Stockton
Stockton,
California
|
-$442K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$334K |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$248K |
PCQ Hedge Fund Activity: Q2 2016 in Review
23 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q2 2016, worth a combined $16.9M — down 14% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PCQ and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Guggenheim Capital, adding an estimated $251K. The largest seller was LPL Financial, cutting an estimated $2.17M.
- 23 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q2 2016, down from 24 in Q1 2016.
- Funds reported $16.9M of Pimco California Municipal Income Fund stock for Q2 2016, down 14% quarter-over-quarter.
- 3 funds opened new Pimco California Municipal Income Fund positions in Q2 2016 and 4 closed out, a net change of -1 holder.
- The largest Pimco California Municipal Income Fund buyer in Q2 2016 was Guggenheim Capital, an estimated $251K added.
- The largest Pimco California Municipal Income Fund seller in Q2 2016 was LPL Financial, an estimated $2.17M sold.
Based on aggregated 13F filings for Q2 2016.