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PCQ

Pimco California Municipal Income Fund
PCQ

50 hedge funds and large institutions have $39.4M invested in Pimco California Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

5% more capital invested

Capital invested by funds: $37.6M → $39.4M (+$1.89M)

4% more funds holding

Funds holding: 48 → 50 (+2)

1.85% more ownership

Funds ownership: 22.34% → 24.19% (+1.9%)

Holders
50
Holders Change
+2
Holders Change %
+4.17%
% of All Funds
0.66%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
9
Increased
16
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.61M
2
GC
Guggenheim Capital
Illinois
+$939K
3
WN
Williams & Novak
California
+$695K
4
MC
Matisse Capital
Oregon
+$663K
5
RCM
Rivernorth Capital Management
Florida
+$471K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.09M
2
LSC
Logan Stone Capital
Illinois
-$427K
3
RAM
Readystate Asset Management
Illinois
-$382K
4
WAM
Wolverine Asset Management
Illinois
-$325K
5
TC
TownSquare Capital
Utah
-$221K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$7M +$471K +55,300 +7%
AAM
2
Advisors Asset Management
Colorado
$3.66M -$1.09M -128,418 -23%
GC
3
Guggenheim Capital
Illinois
$3.64M +$939K +110,156 +35%
HWAM
4
Hennion & Walsh Asset Management
New Jersey
$3.21M +$389K +45,593 +14%
Morgan Stanley
5
Morgan Stanley
New York
$2.96M -$43.8K -5,135 -1%
WN
6
Williams & Novak
California
$2.48M +$695K +81,500 +39%
AC
7
Almitas Capital
California
$1.85M +$92.7K +10,873 +5%
Fiera Capital (Canada)
8
Fiera Capital (Canada)
Quebec, Canada
$1.71M -$9.54K -1,119 -0.6%
RCM
9
Robinson Capital Management
Michigan
$1.62M +$1.61M +188,997 New
MC
10
Matisse Capital
Oregon
$1.3M +$663K +77,854 +106%
MWM
11
Melfa Wealth Management
Massachusetts
$1.28M – – –
LSC
12
Logan Stone Capital
Illinois
$1.22M -$427K -50,053 -26%
LPL Financial
13
LPL Financial
California
$896K +$109K +12,844 +14%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$780K +$135K +15,876 +21%
FFA
15
First Foundation Advisors
California
$423K -$85.9K -10,085 -17%
Toronto Dominion Bank
16
Toronto Dominion Bank
Ontario, Canada
$399K +$396K +46,415 New
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$384K -$27.2K -3,196 -7%
Osaic Holdings
18
Osaic Holdings
Arizona
$336K +$76.7K +9,000 +30%
LWM
19
Level Wealth Management
North Carolina
$333K +$330K +38,713 New
WS
20
Wedbush Securities
California
$307K +$31.7K +3,722 +12%
CWP
21
Core Wealth Partners
California
$298K – – –
Rockefeller Capital Management
22
Rockefeller Capital Management
New York
$258K +$25.6K +3,000 +11%
PI
23
PFG Investments
New York
$258K -$56.6K -6,645 -18%
DTC
24
Davidson Trust Company
Washington
$225K – – –
AA
25
AQR Arbitrage
Connecticut
$217K -$132K -15,463 -38%
1
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PCQ Hedge Fund Activity: Q2 2025 in Review

50 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q2 2025, worth a combined $39.4M — up 5% from $37.6M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PCQ positions and 7 closed out — a net gain of 2 holders — while 16 added to existing stakes and 14 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.61M. The largest seller was Advisors Asset Management, cutting an estimated $1.09M.

  • 50 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q2 2025, up from 48 in Q1 2025.
  • Funds reported $39.4M of Pimco California Municipal Income Fund stock for Q2 2025, up 5% quarter-over-quarter.
  • 9 funds opened new Pimco California Municipal Income Fund positions in Q2 2025 and 7 closed out, a net change of +2 holders.
  • The largest Pimco California Municipal Income Fund buyer in Q2 2025 was Robinson Capital Management, an estimated $1.61M added.
  • The largest Pimco California Municipal Income Fund seller in Q2 2025 was Advisors Asset Management, an estimated $1.09M sold.

Based on aggregated 13F filings for Q2 2025.