Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PIMCO CALIF MUN INCOME FD (PCQ)

88 + 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
↑ +5
Streak
3Q ▲
Buyers last Q
65%

Smart Money Signals — PCQ

Based on 88 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added PCQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
88 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 — +87% more funds vs a year ago

fund count last 6Q
+41 new funds entered over the past year (+87% 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.
🟢

More buyers than sellers — 65% buying

51 buying27 selling
Last quarter: 51 funds were net buyers (16 opened a brand new position + 35 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-24 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 6 → 9 → 40 → 16. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 39% long-term, 44% new

■ 39% conviction (2yr+) ■ 17% medium ■ 44% new
Of the 88 current holders: 34 (39%) held >2 years, 15 held 1–2 years, and 39 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -1%, value -90%

Value
-90%
Shares
0%
Last quarter: funds added -1% more shares while total portfolio value only changed -90%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

9 → 6 → 9 → 40 → 16 new funds/Q
New funds entering each quarter: 6 → 9 → 40 → 16. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 41% of holders stayed 2+ years

■ 41% veterans ■ 12% 1-2yr ■ 47% new
Of 88 current holders: 36 (41%) 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 — 10% AUM from top-100

10% from top-100 AUM funds
10 of 88 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — 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 2025 Q4, 51 hedge funds were net buyers of PCQ (16 opened a new position, 35 added to an existing one), while 27 reduced or exited (16 trimmed, 11 sold completely) — a 65% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 88.

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

Financial Services Asset Management

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

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
1.8
/ 10
conviction
Hedge Fund Positioning: PCQ
2026 Q1 Stats Unlock in 7 days 88 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 88 83 6.02%
13F Shares 16M 16M -0.63%
Total Value $137M $1.41B -90.22%
New Positions 16 40 -24
Increased Positions 35 33 +2
Closed Positions 11 6 +5
Reduced Positions 16 4 +12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PCQ

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

88 + investors

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

Top 25 institutional holders of PCQ — 2025 Q4 · 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 MELFA WEALTH MANAGEMENT, INC. 0.99% 200,176 $1.7M
7 Closed-End Fund Advisors, Inc. 0.95% 109,259 $937K
8 Core Wealth Partners LLC 0.65% 163,735 $1.4M
9 Rareview Capital LLC 0.28% 55,652 $478K
10 Thomas J. Herzfeld Advisors, Inc. 0.23% 79,226 $680K
11 Financially in Tune, LLC 0.22% 29,980 $257K
12 Hennion & Walsh Asset Management, Inc. 0.20% 690,484 $5.9M
13 Catalina Capital Group, LLC 0.17% 32,700 $281K
14 Ackerman Capital Advisors, LLC 0.13% 71,696 $615K
15 Ducere Wealth Management LLC 0.12% 35,288 $303K
16 Whipplewood Advisors, LLC 0.09% 20,479 $176K
17 FIRST FOUNDATION ADVISORS 0.08% 224,269 $1.9M
18 SIT INVESTMENT ASSOCIATES INC 0.07% 416,952 $4K
19 Noble Wealth Management PBC 0.06% 14,756 $127K
20 Intellectus Partners, LLC 0.06% 36,072 $311K
21 SEAMOUNT FINANCIAL GROUP INC 0.06% 14,436 $124K
22 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.04% 28,713 $246K
23 RIVERBRIDGE PARTNERS LLC 0.03% 161,861 $1.4M
24 PFG Investments, LLC 0.02% 57,854 $496K
25 NORDEN GROUP LLC 0.02% 24,946 $214K
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added PCQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PCQ?

More buyers than sellers — 65% buying: Last quarter: 51 funds were net buyers (16 opened a brand new position + 35 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PCQ holders?

Smaller funds dominant — 10% AUM from top-100: 10 of 88 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PCQ?

Mixed — 39% long-term, 44% new: Of the 88 current holders: 34 (39%) held >2 years, 15 held 1–2 years, and 39 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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.