Pimco California Municipal Income Fund
PCQ
53 hedge funds and large institutions have $35.9M invested in Pimco California Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
61% more capital inflows, than outflows
Capital inflows: $13.3M | Capital outflows: $8.28M
23% more funds holding
Funds holding: 43 → 53 (+10)
2.98% more ownership
Funds ownership: 17.32% → 20.3% (+3%)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.45M |
| 2 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$1.91M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.52M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$962K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.15M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.48M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$1.24M |
| 4 |
Morgan Stanley
New York
|
-$780K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$668K |
PCQ Hedge Fund Activity: Q4 2023 in Review
53 of the 6,873 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q4 2023, worth a combined $35.9M — up 31% from $27.4M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PCQ positions and 5 closed out — a net gain of 10 holders — while 9 added to existing stakes and 16 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.45M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.15M.
- 53 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q4 2023, up from 43 in Q3 2023.
- Funds reported $35.9M of Pimco California Municipal Income Fund stock for Q4 2023, up 31% quarter-over-quarter.
- 15 funds opened new Pimco California Municipal Income Fund positions in Q4 2023 and 5 closed out, a net change of +10 holders.
- The largest Pimco California Municipal Income Fund buyer in Q4 2023 was Fiera Capital (Canada), an estimated $3.45M added.
- The largest Pimco California Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.15M sold.
Based on aggregated 13F filings for Q4 2023.