Pimco California Municipal Income Fund
PCQ
29 hedge funds and large institutions have $18M invested in Pimco California Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 8 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
11% more capital invested
Capital invested by funds: $16.3M → $18M (+$1.74M)
0.43% more ownership
Funds ownership: 4.89% → 5.32% (+0.43%)
6% less funds holding
Funds holding: 31 → 29 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$519K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$453K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$423K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$186K |
| 5 |
Millennium Management
New York
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$781K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$650K |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$256K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$237K |
| 5 |
Morgan Stanley
New York
|
-$214K |
PCQ Hedge Fund Activity: Q4 2020 in Review
29 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q4 2020, worth a combined $18M — up 11% from $16.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PCQ and 7 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 6 added.
The largest buyer was Osaic Holdings, adding an estimated $519K. The largest seller was Avantax Advisory Services, exiting entirely with an estimated $781K sold.
- 29 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q4 2020, down from 31 in Q3 2020.
- Funds reported $18M of Pimco California Municipal Income Fund stock for Q4 2020, up 11% quarter-over-quarter.
- 7 funds opened new Pimco California Municipal Income Fund positions in Q4 2020 and 8 closed out, a net change of -1 holder.
- The largest Pimco California Municipal Income Fund buyer in Q4 2020 was Osaic Holdings, an estimated $519K added.
- The largest Pimco California Municipal Income Fund seller in Q4 2020 was Avantax Advisory Services, an estimated $781K sold.
Based on aggregated 13F filings for Q4 2020.