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CALI

BlackRock ETF Trust II iShares Short-Term California Muni Active ETF
CALI

78 hedge funds and large institutions have $90.5M invested in BlackRock ETF Trust II iShares Short-Term California Muni Active ETF in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 11

133% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 9

39% more capital invested

Capital invested by funds: $65.3M → $90.5M (+$25.2M)

18% more funds holding

Funds holding: 66 → 78 (+12)

2.25% more ownership

Funds ownership: 40.93% → 43.18% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
78
Holders Change
+12
Holders Change %
+18.18%
% of All Funds
0.95%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
21
Increased
32
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$5.64M
2
SM
Sweeney & Michel
California
+$2.19M
3
FAT
First American Trust
California
+$2.02M
4
LPL Financial
LPL Financial
California
+$1.62M
5
SAI
Savvy Advisors Inc
New York
+$1.4M

Top Sellers

Rank Fund Capital Flow
1
IWC
Integrated Wealth Concepts
Massachusetts
-$2.3M
2
JBA
Johnson Bixby & Associates
Washington
-$1.01M
3
OMC
Old Mission Capital
Illinois
-$926K
4
AWA
Archvest Wealth Advisors
California
-$510K
5
MMA
Miracle Mile Advisors
California
-$404K
Name Holding Trade Value Shares
Change 		Change in
Stake
USB
51
Union Savings Bank
Connecticut
$350K +$350K +6,931 New
EFG
52
Ehrlich Financial Group
California
$349K +$49.1K +972 +16%
Citadel Advisors
53
Citadel Advisors
Florida
$334K +$19.4K +384 +6%
Osaic Holdings
54
Osaic Holdings
Arizona
$313K -$395K -7,815 -56%
Commonwealth Equity Services
55
Commonwealth Equity Services
Massachusetts
$303K +$253 +5 +0.1%
GWM
56
Graybill Wealth Management
Illinois
$303K – – –
IAN
57
Integrated Advisors Network
Texas
$300K – – –
SSW
58
Stone Summit Wealth
Florida
$294K +$295K +5,834 New
NAS
59
NWF Advisory Services
California
$270K – – –
MA
60
Mutual Advisors
Nebraska
$252K – – –
BA
61
Bridgewater Advisors
New York
$232K +$231K +4,577 New
SRWM
62
Shira Ridge Wealth Management
California
$223K -$1.06K -21 -0.5%
PFM
63
Peak Financial Management
Massachusetts
$222K – – –
FFA
64
Farther Finance Advisors
California
$219K -$27.6K -547 -11%
GWMR
65
GC Wealth Management RIA
Massachusetts
$217K – – –
CA
66
Chatterton & Associates
California
$213K +$214K +4,231 New
RSEWM
67
River's Edge Wealth Management
Pennsylvania
$208K +$208K +4,111 New
RWP
68
Ridgecrest Wealth Partners
California
$202K -$37.9K -750 -16%
SFS
69
Sowell Financial Services
Arkansas
$201K +$201K +3,976 New
Morgan Stanley
70
Morgan Stanley
New York
$126K – – –
JP Morgan Chase
71
JP Morgan Chase
New York
$113K +$67.7K +1,339 +147%
CVM
72
Cheviot Value Management
California
$88.6K – – –
KAS
73
Kestra Advisory Services
Texas
$87.1K +$87.2K +1,726 New
SAM
74
Smartleaf Asset Management
Massachusetts
$55.6K +$17.8K +353 +47%
SFS
75
Sunrise Financial Services
Washington
$50.5K +$50.5K +1,000 New
1 2
3
4

CALI Hedge Fund Activity: Q4 2025 in Review

78 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) for Q4 2025, worth a combined $90.5M — up 39% from $65.3M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new CALI positions and 9 closed out — a net gain of 12 holders — while 32 added to existing stakes and 11 trimmed.

The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $5.64M. The largest seller was Integrated Wealth Concepts, exiting entirely with an estimated $2.3M sold.

  • 78 institutional investors held BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) as of Q4 2025, up from 66 in Q3 2025.
  • Funds reported $90.5M of BlackRock ETF Trust II iShares Short-Term California Muni Active ETF stock for Q4 2025, up 39% quarter-over-quarter.
  • 21 funds opened new BlackRock ETF Trust II iShares Short-Term California Muni Active ETF positions in Q4 2025 and 9 closed out, a net change of +12 holders.
  • The largest BlackRock ETF Trust II iShares Short-Term California Muni Active ETF buyer in Q4 2025 was Wealth Enhancement Advisory Services, an estimated $5.64M added.
  • The largest BlackRock ETF Trust II iShares Short-Term California Muni Active ETF seller in Q4 2025 was Integrated Wealth Concepts, an estimated $2.3M sold.

Based on aggregated 13F filings for Q4 2025.