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PCQ

Pimco California Municipal Income Fund
PCQ

22 hedge funds and large institutions have $15.9M invested in Pimco California Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $15.6M → $15.9M (+$358K)

0.62% less ownership

Funds ownership: 5.4% → 4.78% (-0.62%)

19% less funds holding

Funds holding: 27 → 22 (-5)

33% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 9

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

Holders
22
Holders Change
-5
Holders Change %
-18.52%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
6
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Credit Agricole
Credit Agricole
France
+$500K
2
Morgan Stanley
Morgan Stanley
New York
+$80K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$18.8K
4
AG
Advisor Group
Arizona
+$17.8K
5
TA
Tiedemann Advisors
New York
+$17.1K

Top Sellers

1
VHAM
Van Hulzen Asset Management
California
-$840K
2
GC
Guggenheim Capital
Illinois
-$660K
3
MGIA
Moneta Group Investment Advisors
Missouri
-$235K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$142K
5
UBS Group
UBS Group
Switzerland
-$85.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$5M -$660K -40,889 -12%
Credit Agricole
2
Credit Agricole
France
$1.9M +$500K +31,026 New
Morgan Stanley
3
Morgan Stanley
New York
$1.89M +$80K +4,960 +4%
TA
4
Tiedemann Advisors
New York
$1.21M +$17.1K +1,060 +1%
LPL Financial
5
LPL Financial
California
$1.15M -$74.7K -4,631 -6%
MBTD
6
Mechanics Bank - Trust Department
California
$770K – – –
Wells Fargo
7
Wells Fargo
California
$556K -$37.5K -2,323 -6%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$502K +$18.8K +1,168 +4%
UBS Group
9
UBS Group
Switzerland
$463K -$85.9K -5,325 -16%
Bank of America
10
Bank of America
North Carolina
$458K -$20.9K -1,294 -4%
SFSIG
11
San Francisco Sentry Investment Group
California
$393K – – –
AG
12
Advisor Group
Arizona
$386K +$17.8K +1,102 +5%
Citigroup
13
Citigroup
New York
$328K -$8.07K -500 -2%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$235K +$258 +16 +0.1%
HWA
15
HCR Wealth Advisors
California
$209K – – –
GIP
16
Granite Investment Partners
California
$197K -$306 -19 -0.2%
IA
17
IFP Advisors
Florida
$168K -$9.44K -585 -5%
Creative Planning
18
Creative Planning
Kansas
$41K – – –
AA
19
Apriem Advisors
California
$39K – – –
DADC
20
D.A. Davidson & Co
Montana
$26K +$306 +19 +1%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$14K -$142K -8,800 -91%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$8K – – –
VHAM
23
Van Hulzen Asset Management
California
– -$840K -53,569 Closed
MGIA
24
Moneta Group Investment Advisors
Missouri
– -$235K -15,000 Closed
Northern Trust
25
Northern Trust
Illinois
– -$2K -15,000 Closed
1
2

PCQ Hedge Fund Activity: Q1 2017 in Review

22 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2017, worth a combined $15.9M — up 2.3% from $15.6M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of PCQ and 1 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 6 added.

The largest buyer was Credit Agricole, opening a new position worth an estimated $500K. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $840K sold.

  • 22 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2017, down from 27 in Q4 2016.
  • Funds reported $15.9M of Pimco California Municipal Income Fund stock for Q1 2017, up 2.3% quarter-over-quarter.
  • 1 fund opened new Pimco California Municipal Income Fund positions in Q1 2017 and 5 closed out, a net change of -4 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q1 2017 was Credit Agricole, an estimated $500K added.
  • The largest Pimco California Municipal Income Fund seller in Q1 2017 was Van Hulzen Asset Management, an estimated $840K sold.

Based on aggregated 13F filings for Q1 2017.