Pimco California Municipal Income Fund
PCQ
43 hedge funds and large institutions have $27.4M invested in Pimco California Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
163% more capital inflows, than outflows
Capital inflows: $4.58M | Capital outflows: $1.74M
23% more funds holding
Funds holding: 35 → 43 (+8)
1.57% more ownership
Funds ownership: 15.74% → 17.32% (+1.6%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.78M |
| 2 |
MWM
Melfa Wealth Management
Westborough,
Massachusetts
|
+$798K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$310K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$253K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$772K |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$246K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$153K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$133K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$128K |
PCQ Hedge Fund Activity: Q3 2023 in Review
43 of the 6,314 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q3 2023, worth a combined $27.4M — down 6.4% from $29.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PCQ positions and 2 closed out — a net gain of 8 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.78M. The largest seller was Morgan Stanley, cutting an estimated $772K.
- 43 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q3 2023, up from 35 in Q2 2023.
- Funds reported $27.4M of Pimco California Municipal Income Fund stock for Q3 2023, down 6.4% quarter-over-quarter.
- 10 funds opened new Pimco California Municipal Income Fund positions in Q3 2023 and 2 closed out, a net change of +8 holders.
- The largest Pimco California Municipal Income Fund buyer in Q3 2023 was Wells Fargo, an estimated $1.78M added.
- The largest Pimco California Municipal Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $772K sold.
Based on aggregated 13F filings for Q3 2023.