PIMCO California Municipal Income Fund III
PZC
PZC was delisted on the 1st of August, 2025.
29 hedge funds and large institutions have $21.1M invested in PIMCO California Municipal Income Fund III in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 6 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
21% more capital invested
Capital invested by funds: $17.4M → $21.1M (+$3.73M)
1.44% more ownership
Funds ownership: 11.33% → 12.77% (+1.4%)
6% less funds holding
Funds holding: 31 → 29 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.07M |
| 2 |
Morgan Stanley
New York
|
+$435K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$420K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$273K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Intellectus Partners
San Francisco,
California
|
-$222K |
| 2 |
Cerity Partners
New York
|
-$137K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$95K |
| 4 |
TWM
TriaGen Wealth Management
Calabasas,
California
|
-$91.8K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$84.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
26
Hollencrest Capital Management
Newport Beach,
California
| $8.84K | – | – | – |
|
|
MWM
27
Mascoma Wealth Management
Hanover,
New Hampshire
| $2.53K | – | – | – |
|
|
FIA
28
FNY Investment Advisers
New York
| $2K | – | – | – |
|
29
JP Morgan Chase
New York
| $302 | +$283 | +41 | New |
|
|
IP
30
Intellectus Partners
San Francisco,
California
| – | -$222K | -32,316 | Closed |
|
|
31
Cerity Partners
New York
| – | -$137K | -20,000 | Closed |
|
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$95K | -13,871 | Closed |
|
|
TWM
33
TriaGen Wealth Management
Calabasas,
California
| – | -$91.8K | -13,400 | Closed |
|
|
VF
34
Virtu Financial
New York
| – | -$78K | -11,390 | Closed |
|
|
SPIA
35
Steward Partners Investment Advisory
New York
| – | -$77.4K | -11,300 | Closed |
|
PZC Hedge Fund Activity: Q4 2023 in Review
29 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PIMCO California Municipal Income Fund III (PZC) for Q4 2023, worth a combined $21.1M — up 21% from $17.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PZC and 4 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 12 added.
The largest buyer was Bramshill Investments, adding an estimated $1.07M. The largest seller was Intellectus Partners, exiting entirely with an estimated $222K sold.
- 29 institutional investors held PIMCO California Municipal Income Fund III (PZC) as of Q4 2023, down from 31 in Q3 2023.
- Funds reported $21.1M of PIMCO California Municipal Income Fund III stock for Q4 2023, up 21% quarter-over-quarter.
- 4 funds opened new PIMCO California Municipal Income Fund III positions in Q4 2023 and 6 closed out, a net change of -2 holders.
- The largest PIMCO California Municipal Income Fund III buyer in Q4 2023 was Bramshill Investments, an estimated $1.07M added.
- The largest PIMCO California Municipal Income Fund III seller in Q4 2023 was Intellectus Partners, an estimated $222K sold.
Based on aggregated 13F filings for Q4 2023.