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PCQ

Pimco California Municipal Income Fund

28 hedge funds and large institutions have $19.8M invested in Pimco California Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

50% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 6

30% more capital invested

Capital invested by funds: $15.2M → $19.8M (+$4.52M)

12% more funds holding

Funds holding: 2528 (+3)

1.11% more ownership

Funds ownership: 4.39%5.5% (+1.1%)

Holders
28
Holders Change
+3
Holders Change %
+12%
% of All Funds
0.61%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
9
Reduced
6
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.77M +$2.68M +144,944 +131%
DADC
2
D.A. Davidson & Co
Montana
$3.49M +$178K +9,661 +5%
Cambridge Investment Research Advisors
3
Cambridge Investment Research Advisors
Iowa
$1.22M +$1.21M +65,487 New
LTFS
4
Ladenburg Thalmann Financial Services
Florida
$1.03M +$227K +12,300 +29%
MBTD
5
Mechanics Bank - Trust Department
California
$901K -$46.2K -2,500 -5%
AG
6
Advisor Group
Arizona
$900K +$49.6K +2,688 +6%
GC
7
Guggenheim Capital
Illinois
$887K -$349K -18,930 -28%
Bank of America
8
Bank of America
North Carolina
$784K -$122K -6,599 -14%
WS
9
Wedbush Securities
California
$603K
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$547K +$5.43K +294 +1%
UBS Group
11
UBS Group
Switzerland
$521K -$2.95K -160 -0.6%
Cetera Investment Advisers
12
Cetera Investment Advisers
Illinois
$504K +$11.1K +600 +2%
SMFS
13
Squar Milner Financial Services
California
$466K
SFSIG
14
San Francisco Sentry Investment Group
California
$451K
LPL Financial
15
LPL Financial
California
$434K +$9.23K +500 +2%
Citigroup
16
Citigroup
New York
$417K
RJA
17
Raymond James & Associates
Florida
$371K -$17.2K -934 -4%
HWA
18
HCR Wealth Advisors
California
$356K +$49.8K +2,700 +17%
FAAS
19
First Allied Advisory Services
California
$249K +$246K +13,326 New
GIP
20
Granite Investment Partners
California
$226K
Wells Fargo
21
Wells Fargo
California
$210K -$3.06K -166 -1%
HighTower Advisors
22
HighTower Advisors
Illinois
$204K
WCG
23
Weaver Consulting Group
California
$56K
NFG
24
Next Financial Group
Texas
$39K +$38.3K +2,075 New
Carson Wealth (CWM LLC)
25
Carson Wealth (CWM LLC)
Nebraska
$38K

PCQ Hedge Fund Activity: Q2 2019 in Review

28 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q2 2019, worth a combined $19.8M — up 30% from $15.2M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PCQ positions and 1 closed out — a net gain of 3 holders — while 9 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.68M. The largest seller was Guggenheim Capital, cutting an estimated $349K.

  • 28 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q2 2019, up from 25 in Q1 2019.
  • Funds reported $19.8M of Pimco California Municipal Income Fund stock for Q2 2019, up 30% quarter-over-quarter.
  • 4 funds opened new Pimco California Municipal Income Fund positions in Q2 2019 and 1 closed out, a net change of +3 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q2 2019 was Morgan Stanley, an estimated $2.68M added.
  • The largest Pimco California Municipal Income Fund seller in Q2 2019 was Guggenheim Capital, an estimated $349K sold.

Based on aggregated 13F filings for Q2 2019.