PIMCO California Municipal Income Fund III
PZC
PZC was delisted on the 1st of August, 2025.
38 hedge funds and large institutions have $27.7M invested in PIMCO California Municipal Income Fund III in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
9% more funds holding
Funds holding: 35 → 38 (+3)
6% more capital invested
Capital invested by funds: $26M → $27.7M (+$1.61M)
1.97% more ownership
Funds ownership: 17.72% → 19.7% (+2%)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.29M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$1.23M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$785K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$217K |
| 5 |
Bank of New York Mellon
New York
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.01M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$703K |
| 3 |
Morgan Stanley
New York
|
-$278K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$243K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$234K |
PZC Hedge Fund Activity: Q2 2025 in Review
38 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in PIMCO California Municipal Income Fund III (PZC) for Q2 2025, worth a combined $27.7M — up 6.2% from $26M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PZC positions and 2 closed out — a net gain of 4 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Matisse Capital, adding an estimated $2.29M. The largest seller was Advisors Asset Management, cutting an estimated $1.01M.
- 38 institutional investors held PIMCO California Municipal Income Fund III (PZC) as of Q2 2025, up from 35 in Q1 2025.
- Funds reported $27.7M of PIMCO California Municipal Income Fund III stock for Q2 2025, up 6.2% quarter-over-quarter.
- 6 funds opened new PIMCO California Municipal Income Fund III positions in Q2 2025 and 2 closed out, a net change of +4 holders.
- The largest PIMCO California Municipal Income Fund III buyer in Q2 2025 was Matisse Capital, an estimated $2.29M added.
- The largest PIMCO California Municipal Income Fund III seller in Q2 2025 was Advisors Asset Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q2 2025.