PIMCO California Municipal Income Fund III
PZC
PZC was delisted on the 1st of August, 2025.
35 hedge funds and large institutions have $26M invested in PIMCO California Municipal Income Fund III in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 2 reducing their positions, and 4 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 2
5% more capital invested
Capital invested by funds: $24.7M → $26M (+$1.35M)
1.78% more ownership
Funds ownership: 15.94% → 17.72% (+1.8%)
0% more funds holding
Funds holding: 35 → 35 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$980K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$510K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$304K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$297K |
| 5 |
Bank of New York Mellon
New York
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$372K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$177K |
| 3 |
BWG
Beta Wealth Group
San Diego,
California
|
-$142K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$112K |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
-$74.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCWA
26
Vanguard Capital Wealth Advisors
Denver,
Colorado
| $75K | +$10.1K | +1,500 | +15% |
|
|
MWM
27
Melfa Wealth Management
Westborough,
Massachusetts
| $68.7K | – | – | – |
|
28
Osaic Holdings
Scottsdale,
Arizona
| $53.1K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $49K | – | – | – |
|
|
GSWM
30
Golden State Wealth Management
Santa Ana,
California
| $27.1K | – | – | – |
|
|
NWMP
31
Noble Wealth Management PBC
Greenwood Village,
Colorado
| $13K | – | – | – |
|
32
JP Morgan Chase
New York
| $6.21K | – | – | – |
|
|
WT
33
Whittier Trust
South Pasadena,
California
| $4.71K | – | – | – |
|
|
MWM
34
Mascoma Wealth Management
Hanover,
New Hampshire
| $2.24K | – | – | – |
|
|
FIA
35
FNY Investment Advisers
New York
| $1K | – | – | – |
|
|
BWG
36
Beta Wealth Group
San Diego,
California
| – | -$142K | -20,604 | Closed |
|
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$112K | -16,338 | Closed |
|
|
IFG
38
Independent Financial Group
San Diego,
California
| – | -$74.9K | -10,900 | Closed |
|
39
Nomura Holdings
Tokyo,
Japan
| – | -$68.7K | -10,000 | Closed |
|
PZC Hedge Fund Activity: Q1 2025 in Review
35 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in PIMCO California Municipal Income Fund III (PZC) for Q1 2025, worth a combined $26M — up 5.5% from $24.7M a quarter earlier.
Fund positioning in PZC was balanced in Q1 2025: 4 funds opened new positions, 4 closed out, 14 added to existing stakes and 2 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $980K. The largest seller was Guggenheim Capital, cutting an estimated $372K.
- 35 institutional investors held PIMCO California Municipal Income Fund III (PZC) as of Q1 2025, unchanged from Q4 2024.
- Funds reported $26M of PIMCO California Municipal Income Fund III stock for Q1 2025, up 5.5% quarter-over-quarter.
- 4 funds opened new PIMCO California Municipal Income Fund III positions in Q1 2025 and 4 closed out, a net change of 0 holders.
- The largest PIMCO California Municipal Income Fund III buyer in Q1 2025 was Rivernorth Capital Management, an estimated $980K added.
- The largest PIMCO California Municipal Income Fund III seller in Q1 2025 was Guggenheim Capital, an estimated $372K sold.
Based on aggregated 13F filings for Q1 2025.