Pimco California Municipal Income Fund
PCQ
22 hedge funds and large institutions have $13.9M invested in Pimco California Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
27% more capital invested
Capital invested by funds: $10.9M → $13.9M (+$2.98M)
10% more funds holding
Funds holding: 20 → 22 (+2)
1.65% more ownership
Funds ownership: 3.26% → 4.91% (+1.7%)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$4.71M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$597K |
| 3 |
Morgan Stanley
New York
|
+$205K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$172K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$162K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$310K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$282K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$225K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$115K |
| 5 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$112K |
PCQ Hedge Fund Activity: Q1 2018 in Review
22 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2018, worth a combined $13.9M — up 27% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PCQ positions and 2 closed out — a net gain of 2 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $4.71M. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $310K.
- 22 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2018, up from 20 in Q4 2017.
- Funds reported $13.9M of Pimco California Municipal Income Fund stock for Q1 2018, up 27% quarter-over-quarter.
- 4 funds opened new Pimco California Municipal Income Fund positions in Q1 2018 and 2 closed out, a net change of +2 holders.
- The largest Pimco California Municipal Income Fund buyer in Q1 2018 was Laurion Capital Management, an estimated $4.71M added.
- The largest Pimco California Municipal Income Fund seller in Q1 2018 was Ladenburg Thalmann Financial Services, an estimated $310K sold.
Based on aggregated 13F filings for Q1 2018.