Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Pimco Calif Mun Income Fd (PCQ)

86 + Investors. Track Smart Money conviction in PCQ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — PCQ

Based on 86 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PCQ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
86 hedge funds hold PCQ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +83% more funds vs a year ago

fund count last 6Q
+39 new funds entered over the past year (+83% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 53% buying

43 buying38 selling
Last quarter: 43 funds bought or added vs 38 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 43 → 16 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 19% medium ■ 42% new
34 out of 86 hedge funds have held PCQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
⚠️

Saturation — most institutions already know this story

6 → 9 → 43 → 16 → 11 new funds/Q
New funds entering each quarter: 9 → 43 → 16 → 11. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 44% of holders stayed 2+ years

■ 44% veterans ■ 9% 1-2yr ■ 47% new
Of 86 current holders: 38 (44%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
8 of 86 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PCQ

In 2026 Q1, 43 hedge funds were net buyers of PCQ (11 opened a new position, 32 added to an existing one), while 38 reduced or exited (23 trimmed, 15 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 86.

Hedge Fund Ownership: PCQ

How many hedge funds hold PCQ — quarterly history vs. share price
Quarterly hedge fund ownership of PCQ vs. share price

Market Analysis: PCQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PCQ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Pimco Calif Mun Income Fd (PCQ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PCQ has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
PCQ
nan%
XLF
+8.5%

PCQ outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
PCQ
nan%
XLF
+4.8%

Since the filing became public, PCQ outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 2 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: PCQ
86 + Investors

Track Smart Money conviction in PCQ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 86 90 -4.44%
13F Shares 19M 16M 17.96%
Total Value $155M $137M 12.72%
New Positions 11 16 -5
Increased Positions 32 35 -3
Closed Positions 15 12 +3
Reduced Positions 23 17 +6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PCQ

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Financial Highlights

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Institutional Holders (2026 Q1)

86 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PCQ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PCQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Altium Capital Management LLC 6.80% 333,093 $2.9M
2 Matisse Capital 3.17% 866,413 $7.4M
3 Williams & Novak, LLC 2.59% 403,583 $3.5M
4 Robinson Capital Management, LLC 2.16% 587,469 $5.2M
5 Professional Financial Management, Inc. 1.97% 199,452 $1.7M
6 Logan Stone Capital, LLC 1.52% 637,240 $5.5M
7 Almitas Capital LLC 1.20% 617,015 $5.3M
8 Rivernorth Capital Management, LLC 1.08% 2,512,000 $21.6M
9 Melfa Wealth Management, INC. 0.99% 200,176 $1.7M
10 Closed-End Fund Advisors, Inc. 0.95% 109,259 $937K
11 Core Wealth Partners LLC 0.65% 163,735 $1.4M
12 Karpus Management, Inc. 0.48% 1,778,933 $15.3M
13 Rareview Capital LLC 0.28% 55,652 $478K
14 Thomas J. Herzfeld Advisors, Inc. 0.23% 79,226 $680K
15 Financially in Tune, LLC 0.22% 29,980 $257K
16 Hennion & Walsh Asset Management, Inc. 0.20% 690,484 $5.9M
17 Advisors Asset Management, Inc. 0.17% 1,213,649 $10.4M
18 Catalina Capital Group, LLC 0.17% 32,700 $281K
19 Saba Capital Management, L.P. 0.16% 692,065 $5.9M
20 Ackerman Capital Advisors, LLC 0.13% 71,696 $615K
21 City of London Investment Management Co Ltd 0.13% 201,590 $1.7M
22 Ducere Wealth Management LLC 0.12% 35,288 $303K
23 Guggenheim Capital LLC 0.10% 1,442,771 $12.4M
24 Whipplewood Advisors, LLC 0.09% 20,479 $176K
25 First Foundation Advisors 0.08% 224,269 $1.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Pimco Calif Mun Income Fd (PCQ)

What does the Smart Money Trend signal show for PCQ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PCQ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PCQ?

Slight buying edge — 53% buying: Last quarter: 43 funds bought or added vs 38 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PCQ holders?

Smaller funds dominant — 8% AUM from top-100: 8 of 86 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PCQ?

40% of holders stayed for 2+ years: 34 out of 86 hedge funds have held PCQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Pimco Calif Mun Income Fd (PCQ) following the 2026 Q1 hedge fund 13F filings?

As of today, PCQ has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), PCQ has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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