BlackRock ETF Trust II iShares Short-Term California Muni Active ETF
CALI
66 hedge funds and large institutions have $65.3M invested in BlackRock ETF Trust II iShares Short-Term California Muni Active ETF in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 2 closing their positions.
950% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 2
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more funds holding
Funds holding: 48 → 66 (+18)
29% more capital invested
Capital invested by funds: $50.6M → $65.3M (+$14.7M)
3.67% less ownership
Funds ownership: 44.6% → 40.93% (-3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.91M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$1.77M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.5M |
| 4 |
CSP
Cary Street Partners
Richmond,
Virginia
|
+$1.3M |
| 5 |
NL
NDWM LLC
La Jolla,
California
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.16M |
| 2 |
EC
Elequin Capital
New York
|
-$910K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$503K |
| 4 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$435K |
| 5 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$344K |
CALI Hedge Fund Activity: Q3 2025 in Review
66 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) for Q3 2025, worth a combined $65.3M — up 29% from $50.6M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CALI positions and 2 closed out — a net gain of 19 holders — while 21 added to existing stakes and 10 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.91M. The largest seller was Jane Street, cutting an estimated $2.16M.
- 66 institutional investors held BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) as of Q3 2025, up from 48 in Q2 2025.
- Funds reported $65.3M of BlackRock ETF Trust II iShares Short-Term California Muni Active ETF stock for Q3 2025, up 29% quarter-over-quarter.
- 21 funds opened new BlackRock ETF Trust II iShares Short-Term California Muni Active ETF positions in Q3 2025 and 2 closed out, a net change of +19 holders.
- The largest BlackRock ETF Trust II iShares Short-Term California Muni Active ETF buyer in Q3 2025 was LPL Financial, an estimated $1.91M added.
- The largest BlackRock ETF Trust II iShares Short-Term California Muni Active ETF seller in Q3 2025 was Jane Street, an estimated $2.16M sold.
Based on aggregated 13F filings for Q3 2025.