Pimco California Municipal Income Fund
PCQ
88 hedge funds and large institutions have $160M invested in Pimco California Municipal Income Fund in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 14 closing their positions.
61% more capital inflows, than outflows
Capital inflows: $25.8M | Capital outflows: $16M
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
1.94% more ownership
Funds ownership: 31.16% → 33.11% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 93 → 88 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$10.1M |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
+$2.58M |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
+$2.05M |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
+$2M |
| 5 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$3.96M |
| 2 |
Logan Stone Capital
Chicago,
Illinois
|
-$1.55M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.39M |
| 4 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.26M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$1.09M |
PCQ Hedge Fund Activity: Q1 2026 in Review
88 of the 8,217 institutional investors tracked by Wall St. Rank reported a position in Pimco California Municipal Income Fund (PCQ) for Q1 2026, worth a combined $160M — up 4.5% from $153M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PCQ and 10 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 34 added.
The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $10.1M. The largest seller was Saba Capital Management, cutting an estimated $3.96M.
- 88 institutional investors held Pimco California Municipal Income Fund (PCQ) as of Q1 2026, down from 93 in Q4 2025.
- Funds reported $160M of Pimco California Municipal Income Fund stock for Q1 2026, up 4.5% quarter-over-quarter.
- 10 funds opened new Pimco California Municipal Income Fund positions in Q1 2026 and 14 closed out, a net change of -4 holders.
- The largest Pimco California Municipal Income Fund buyer in Q1 2026 was Toronto Dominion Bank, an estimated $10.1M added.
- The largest Pimco California Municipal Income Fund seller in Q1 2026 was Saba Capital Management, an estimated $3.96M sold.
Based on aggregated 13F filings for Q1 2026.