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iShares California Muni Bond ETF

318 hedge funds and large institutions have $2.7B invested in iShares California Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 115 increasing their positions, 115 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

4% more funds holding

Funds holding: 307318 (+11)

0% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 115

3.25% less ownership

Funds ownership: 78.66%75.42% (-3.2%)

9% less capital invested

Capital invested by funds: $2.96B → $2.7B (-$260M)

20% less funds holding in top 10

Funds holding in top 10: 2016 (-4)

Holders
318
Holders Change
+11
Holders Change %
+3.58%
% of All Funds
4.19%
Holding in Top 10
16
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-20%
% of All Funds
0.21%
New
37
Increased
115
Reduced
115
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CTA
226
Chesley Taft & Associates
Illinois
$393K +$117K +2,100 +42%
VWM
227
Verus Wealth Management
Wisconsin
$387K +$386K +6,950 New
MWM
228
Meridian Wealth Management
Kentucky
$386K +$45.8K +825 +14%
NBWM
229
North Berkeley Wealth Management
California
$384K -$202K -3,635 -35%
SA
230
Sovran Advisors
California
$380K -$244K -4,394 -39%
CIC
231
Carnegie Investment Counsel
Ohio
$380K +$7.61K +137 +2%
EA
232
Eclectic Associates
California
$377K -$359K -6,463 -49%
PTC
233
Private Trust Company
Ohio
$367K -$6.22K -112 -2%
SWG
234
Summit Wealth Group
Vermont
$359K
USB
235
Union Savings Bank
Connecticut
$355K +$21.1K +380 +6%
WIC
236
Whitegate Investment Counselors
New Hampshire
$354K
CTWM
237
Cherry Tree Wealth Management
Minnesota
$352K -$19.9K -358 -5%
HWP
238
Highline Wealth Partners
California
$348K -$36.1K -651 -9%
SWA
239
ShankerValleau Wealth Advisors
Illinois
$345K
SIC
240
SFE Investment Counsel
California
$340K -$71.5K -1,287 -17%
EC
241
Elequin Capital
New York
$339K +$338K +6,090 New
TC
242
Trilogy Capital
California
$339K +$337K +6,078 New
LNB
243
Ledyard National Bank
$334K
FWP
244
Falcon Wealth Planning
California
$331K -$164K -2,949 -33%
FPAS
245
Focus Partners Advisor Solutions
Missouri
$325K -$341K -6,150 -51%
WWP
246
Wise Wealth Partners
Arizona
$323K +$23.8K +428 +8%
TPWA
247
Twin Peaks Wealth Advisors
California
$317K
Fisher Asset Management
248
Fisher Asset Management
Washington
$313K -$77.1K -1,388 -20%
GSWM
249
Golden State Wealth Management
California
$296K -$86.3K -1,555 -23%
Cambridge Investment Research Advisors
250
Cambridge Investment Research Advisors
Iowa
$294K -$61.2K -1,103 -17%

CMF Hedge Fund Activity: Q2 2025 in Review

318 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2025, worth a combined $2.7B — down 8.8% from $2.96B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CMF positions and 23 closed out — a net gain of 14 holders — while 115 added to existing stakes and 115 trimmed.

The largest buyer was Jane Street, adding an estimated $42.2M. The largest seller was Charles Schwab, cutting an estimated $141M.

  • 318 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2025, up from 307 in Q1 2025.
  • Funds reported $2.7B of iShares California Muni Bond ETF stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 37 funds opened new iShares California Muni Bond ETF positions in Q2 2025 and 23 closed out, a net change of +14 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2025 was Jane Street, an estimated $42.2M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $141M sold.

Based on aggregated 13F filings for Q2 2025.