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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$5.64M |
| 2 |
SM
Sweeney & Michel
Chico,
California
|
+$2.19M |
| 3 |
FAT
First American Trust
Santa Ana,
California
|
+$2.02M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.62M |
| 5 |
SAI
Savvy Advisors Inc
New York
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$2.3M |
| 2 |
JBA
Johnson Bixby & Associates
Vancouver,
Washington
|
-$1.01M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$926K |
| 4 |
AWA
Archvest Wealth Advisors
Concord,
California
|
-$510K |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$404K |
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.