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PCQ

Pimco California Municipal Income Fund
PCQ

31 hedge funds and large institutions have $16.3M invested in Pimco California Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

19% more capital invested

Capital invested by funds: $13.7M → $16.3M (+$2.6M)

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

11% more funds holding

Funds holding: 28 → 31 (+3)

0.34% more ownership

Funds ownership: 4.55% → 4.89% (+0.34%)

Holders
31
Holders Change
+3
Holders Change %
+10.71%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
7
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAS
Avantax Advisory Services
Texas
+$761K
2
Morgan Stanley
Morgan Stanley
New York
+$666K
3
JWCA
J.W. Cole Advisors
Florida
+$249K
4
Bank of America
Bank of America
North Carolina
+$104K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$51.8K

Top Sellers

1
Osaic Holdings
Osaic Holdings
Arizona
-$174K
2
CAN
Cetera Advisor Networks
California
-$133K
3
WAM
Wolverine Asset Management
Illinois
-$47K
4
MBTD
Mechanics Bank - Trust Department
California
-$34.5K
5
FAAS
First Allied Advisory Services
California
-$18.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$5.76M +$666K +38,585 +13%
MBTD
2
Mechanics Bank - Trust Department
California
$973K -$34.5K -2,000 -4%
Osaic Holdings
3
Osaic Holdings
Arizona
$910K -$174K -10,067 -16%
AAS
4
Avantax Advisory Services
Texas
$781K +$761K +44,112 New
Cambridge Investment Research Advisors
5
Cambridge Investment Research Advisors
Iowa
$698K +$49.2K +2,853 +8%
DTC
6
Davidson Trust Company
Washington
$662K – – –
WS
7
Wedbush Securities
California
$650K – – –
UBS Group
8
UBS Group
Switzerland
$543K +$10.6K +617 +2%
FAAS
9
First Allied Advisory Services
California
$540K -$18.9K -1,095 -3%
Cetera Investment Advisers
10
Cetera Investment Advisers
Illinois
$497K -$9.84K -570 -2%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$438K +$10.4K +600 +2%
SFSIG
12
San Francisco Sentry Investment Group
California
$427K – – –
LPL Financial
13
LPL Financial
California
$424K -$16.6K -959 -4%
Bank of America
14
Bank of America
North Carolina
$392K +$104K +6,007 +37%
HWA
15
HCR Wealth Advisors
California
$377K – – –
Citigroup
16
Citigroup
New York
$372K – – –
EW
17
Evoke Wealth
California
$338K – – –
Wells Fargo
18
Wells Fargo
California
$331K +$17.6K +1,022 +6%
JWCA
19
J.W. Cole Advisors
Florida
$256K +$249K +14,447 New
GC
20
Guggenheim Capital
Illinois
$237K -$880 -51 -0.4%
GIP
21
Granite Investment Partners
California
$214K – – –
HighTower Advisors
22
HighTower Advisors
Illinois
$194K – – –
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$112K +$51.8K +3,000 +91%
Carson Wealth (CWM LLC)
24
Carson Wealth (CWM LLC)
Nebraska
$38K – – –
LWM
25
Liberty Wealth Management
California
$28K – – –
1
2

PCQ Hedge Fund Activity: Q3 2020 in Review

31 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q3 2020, worth a combined $16.3M — up 19% from $13.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new PCQ positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 6 trimmed.

The largest buyer was Avantax Advisory Services, opening a new position worth an estimated $761K. The largest seller was Osaic Holdings, cutting an estimated $174K.

  • 31 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q3 2020, up from 28 in Q2 2020.
  • Funds reported $16.3M of Pimco California Municipal Income Fund stock for Q3 2020, up 19% quarter-over-quarter.
  • 6 funds opened new Pimco California Municipal Income Fund positions in Q3 2020 and 3 closed out, a net change of +3 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q3 2020 was Avantax Advisory Services, an estimated $761K added.
  • The largest Pimco California Municipal Income Fund seller in Q3 2020 was Osaic Holdings, an estimated $174K sold.

Based on aggregated 13F filings for Q3 2020.