Pimco California Municipal Income Fund
PCQ
36 hedge funds and large institutions have $30M invested in Pimco California Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $26.2M → $30M (+$3.78M)
9% more funds holding
Funds holding: 33 → 36 (+3)
6.05% more ownership
Funds ownership: 9.2% → 15.24% (+6%)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.13M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$3.21M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.94M |
| 4 |
SG
StoneX Group
New York
|
+$1.4M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$877K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$673K |
| 2 |
AWS
Atria Wealth Solutions
New York
|
-$373K |
| 3 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$303K |
| 4 |
MBTD
Mechanics Bank - Trust Department
Walnut Creek,
California
|
-$283K |
| 5 |
EW
Evoke Wealth
Los Angeles,
California
|
-$218K |
PCQ Hedge Fund Activity: Q1 2023 in Review
36 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2023, worth a combined $30M — up 14% from $26.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PCQ positions and 7 closed out — a net gain of 4 holders — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.13M. The largest seller was Morgan Stanley, cutting an estimated $673K.
- 36 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2023, up from 33 in Q4 2022.
- Funds reported $30M of Pimco California Municipal Income Fund stock for Q1 2023, up 14% quarter-over-quarter.
- 11 funds opened new Pimco California Municipal Income Fund positions in Q1 2023 and 7 closed out, a net change of +4 holders.
- The largest Pimco California Municipal Income Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $5.13M added.
- The largest Pimco California Municipal Income Fund seller in Q1 2023 was Morgan Stanley, an estimated $673K sold.
Based on aggregated 13F filings for Q1 2023.