PIMCO California Municipal Income Fund III
PZC
PZC was delisted on the 1st of August, 2025.
31 hedge funds and large institutions have $17.7M invested in PIMCO California Municipal Income Fund III in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
15% more funds holding
Funds holding: 27 → 31 (+4)
1.13% more ownership
Funds ownership: 9.08% → 10.22% (+1.1%)
4% more capital invested
Capital invested by funds: $17M → $17.7M (+$718K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.4M |
| 2 |
CWP
Core Wealth Partners
Santa Rosa,
California
|
+$756K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$519K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$375K |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWS
Atria Wealth Solutions
New York
|
-$808K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$680K |
| 3 |
Morgan Stanley
New York
|
-$218K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$135K |
| 5 |
RPCA
Running Point Capital Advisors
El Segundo,
California
|
-$83.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
26
Bourgeon Capital Management
Darien,
Connecticut
| $38.8K | – | – | – |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $14.9K | +$15.1K | +1,925 | New |
|
|
HCM
28
Hollencrest Capital Management
Newport Beach,
California
| $9.31K | – | – | – |
|
|
MWM
29
Mascoma Wealth Management
Hanover,
New Hampshire
| $2.65K | – | – | – |
|
|
FIA
30
FNY Investment Advisers
New York
| $2K | – | – | – |
|
31
Commonwealth Equity Services
Waltham,
Massachusetts
| $87 | -$54.1K | -6,907 | -38% |
|
|
AWS
32
Atria Wealth Solutions
New York
| – | -$808K | -96,943 | Closed |
|
|
33
Citadel Advisors
Miami,
Florida
| – | -$135K | -16,174 | Closed |
|
|
RPCA
34
Running Point Capital Advisors
El Segundo,
California
| – | -$83.5K | -10,000 | Closed |
|
PZC Hedge Fund Activity: Q1 2023 in Review
31 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PIMCO California Municipal Income Fund III (PZC) for Q1 2023, worth a combined $17.7M — up 4.2% from $17M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PZC positions and 3 closed out — a net gain of 5 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.4M. The largest seller was Atria Wealth Solutions, exiting entirely with an estimated $808K sold.
- 31 institutional investors held PIMCO California Municipal Income Fund III (PZC) as of Q1 2023, up from 27 in Q4 2022.
- Funds reported $17.7M of PIMCO California Municipal Income Fund III stock for Q1 2023, up 4.2% quarter-over-quarter.
- 8 funds opened new PIMCO California Municipal Income Fund III positions in Q1 2023 and 3 closed out, a net change of +5 holders.
- The largest PIMCO California Municipal Income Fund III buyer in Q1 2023 was Rivernorth Capital Management, an estimated $1.4M added.
- The largest PIMCO California Municipal Income Fund III seller in Q1 2023 was Atria Wealth Solutions, an estimated $808K sold.
Based on aggregated 13F filings for Q1 2023.