PIMCO Municipal Income Fund II
PML
155 hedge funds and large institutions have $306M invested in PIMCO Municipal Income Fund II in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 58 increasing their positions, 36 reducing their positions, and 32 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 36
8% more capital invested
Capital invested by funds: $283M → $306M (+$23.1M)
2.3% more ownership
Funds ownership: 29.89% → 32.19% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8% less funds holding
Funds holding: 168 → 155 (-13)
28% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$12.9M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$9.44M |
| 3 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$8.35M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.88M |
| 5 |
VanEck Associates
New York
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.97M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3.6M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.15M |
| 4 |
Jane Street
New York
|
-$2.03M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.64M |
PML Hedge Fund Activity: Q1 2026 in Review
155 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in PIMCO Municipal Income Fund II (PML) for Q1 2026, worth a combined $306M — up 8.2% from $283M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of PML and 23 opened new positions — a net loss of 9 holders — while 36 trimmed existing stakes and 58 added.
The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $12.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.97M.
- 155 institutional investors held PIMCO Municipal Income Fund II (PML) as of Q1 2026, down from 168 in Q4 2025.
- Funds reported $306M of PIMCO Municipal Income Fund II stock for Q1 2026, up 8.2% quarter-over-quarter.
- 23 funds opened new PIMCO Municipal Income Fund II positions in Q1 2026 and 32 closed out, a net change of -9 holders.
- The largest PIMCO Municipal Income Fund II buyer in Q1 2026 was Toronto Dominion Bank, an estimated $12.9M added.
- The largest PIMCO Municipal Income Fund II seller in Q1 2026 was Rivernorth Capital Management, an estimated $5.97M sold.
Based on aggregated 13F filings for Q1 2026.