iShares California Muni Bond ETF
247 hedge funds and large institutions have $2.18B invested in iShares California Muni Bond ETF in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 86 increasing their positions, 79 reducing their positions, and 19 closing their positions.
158% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 19
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
36% more capital invested
Capital invested by funds: $1.6B → $2.18B (+$571M)
13% more funds holding
Funds holding: 219 → 247 (+28)
6.8% more ownership
Funds ownership: 73.51% → 80.31% (+6.8%)
9% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 79
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $249K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$145M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$93.6M |
| 3 |
Morgan Stanley
New York
|
+$93.2M |
| 4 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$46.4M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$39.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
-$37.9M |
| 2 |
Jane Street
New York
|
-$27.2M |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$22.5M |
| 4 |
BC
Brio Consultants
San Francisco,
California
|
-$13M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$6.53M |
CMF Hedge Fund Activity: Q4 2023 in Review
247 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2023, worth a combined $2.18B — up 36% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CMF positions and 19 closed out — a net gain of 30 holders — while 86 added to existing stakes and 79 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $145M. The largest seller was Bailard, cutting an estimated $37.9M.
- 247 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2023, up from 219 in Q3 2023.
- Funds reported $2.18B of iShares California Muni Bond ETF stock for Q4 2023, up 36% quarter-over-quarter.
- 49 funds opened new iShares California Muni Bond ETF positions in Q4 2023 and 19 closed out, a net change of +30 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2023 was Fidelity Investments, an estimated $145M added.
- The largest iShares California Muni Bond ETF seller in Q4 2023 was Bailard, an estimated $37.9M sold.
Based on aggregated 13F filings for Q4 2023.