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PML

PIMCO Municipal Income Fund II
PML

156 hedge funds and large institutions have $272M invested in PIMCO Municipal Income Fund II in 2025 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 59 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

491% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 11

321% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 14

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

141% more capital invested

Capital invested by funds: $113M → $272M (+$159M)

51% more funds holding

Funds holding: 103 → 156 (+53)

28.11% more ownership

Funds ownership: 22.83% → 50.94% (+28%)

Holders
156
Holders Change
+53
Holders Change %
+51.46%
% of All Funds
2.05%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
65
Increased
59
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$23.7M
2
BI
Bramshill Investments
Florida
+$19.2M
3
HWAM
Hennion & Walsh Asset Management
New Jersey
+$10.8M
4
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$9.35M
5
GC
Guggenheim Capital
Illinois
+$6.98M

Top Sellers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
-$3.46M
2
LCM
Landscape Capital Management
New Jersey
-$1.84M
3
PA
Parallel Advisors
California
-$1.46M
4
RCM
Robinson Capital Management
Michigan
-$1.19M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$768K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
101
Spire Wealth Management
Virginia
$154K – – –
CB
102
Commerce Bank
Missouri
$145K +$135K +18,290 New
Comerica Bank
103
Comerica Bank
Texas
$140K +$96.8K +13,136 +285%
PVM
104
Palogic Value Management
Texas
$138K – – –
RA
105
RFG Advisory
Alabama
$134K +$14.9K +2,026 +14%
Cerity Partners
106
Cerity Partners
New York
$134K +$125K +16,961 New
ACA
107
Aptus Capital Advisors
Alabama
$134K +$125K +16,942 New
Mariner
108
Mariner
Kansas
$133K +$124K +16,829 New
OPWM
109
Oregon Pacific Wealth Management
Oregon
$131K +$122K +16,566 New
MNBTD
110
Moody National Bank Trust Division
Texas
$126K +$117K +15,896 New
SAM
111
Seelaus Asset Management
New Jersey
$125K +$39.4K +5,354 +51%
SAM
112
Smartleaf Asset Management
Massachusetts
$124K +$117K +15,831 New
SF
113
Summit Financial
New Jersey
$122K +$113K +15,371 New
HKAM
114
Horizon Kinetics Asset Management
New York
$119K -$61K -8,275 -35%
WA
115
Wealth Alliance
New York
$119K +$111K +15,000 New
P
116
&Partners
Tennessee
$117K +$109K +14,731 New
CHC
117
City Holding Co
West Virginia
$115K – – –
Janney Montgomery Scott
118
Janney Montgomery Scott
Pennsylvania
$109K +$101K +13,740 New
DC
119
Davenport & Co
Virginia
$108K +$101K +13,707 New
HI
120
Harbour Investments
Wisconsin
$108K +$54.2K +7,359 +117%
WA
121
Wealthstream Advisors
New York
$107K +$100K +13,589 New
KeyBank National Association
122
KeyBank National Association
Ohio
$105K +$97.4K +13,224 New
HCM
123
Hollencrest Capital Management
California
$102K – – –
Mercer Global Advisors
124
Mercer Global Advisors
Colorado
$102K -$31.3K -4,247 -25%
MG
125
Marex Group
$96.7K +$90K +12,220 New
3 4
5
6 7

PML Hedge Fund Activity: Q3 2025 in Review

156 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in PIMCO Municipal Income Fund II (PML) for Q3 2025, worth a combined $272M — up 141% from $113M a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new PML positions and 11 closed out — a net gain of 54 holders — while 59 added to existing stakes and 14 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $23.7M. The largest seller was Gridiron Partners, cutting an estimated $3.46M.

  • 156 institutional investors held PIMCO Municipal Income Fund II (PML) as of Q3 2025, up from 103 in Q2 2025.
  • Funds reported $272M of PIMCO Municipal Income Fund II stock for Q3 2025, up 141% quarter-over-quarter.
  • 65 funds opened new PIMCO Municipal Income Fund II positions in Q3 2025 and 11 closed out, a net change of +54 holders.
  • The largest PIMCO Municipal Income Fund II buyer in Q3 2025 was Rivernorth Capital Management, an estimated $23.7M added.
  • The largest PIMCO Municipal Income Fund II seller in Q3 2025 was Gridiron Partners, an estimated $3.46M sold.

Based on aggregated 13F filings for Q3 2025.