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iShares California Muni Bond ETF
CMF

307 hedge funds and large institutions have $2.96B invested in iShares California Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 112 increasing their positions, 109 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 19

25% more funds holding in top 10

Funds holding in top 10: 16 → 20 (+4)

2% more funds holding

Funds holding: 300 → 307 (+7)

3% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 109

1% more capital invested

Capital invested by funds: $2.93B → $2.96B (+$33.6M)

1.94% less ownership

Funds ownership: 80.61% → 78.66% (-1.9%)

Holders
307
Holders Change
+7
Holders Change %
+2.33%
% of All Funds
4.12%
Holding in Top 10
20
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+25%
% of All Funds
0.27%
New
31
Increased
112
Reduced
109
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealthfront Advisers
Wealthfront Advisers
California
+$121M
2
SC
Syon Capital
California
+$76.5M
3
Jane Street
Jane Street
New York
+$58.6M
4
OGF
Orin Green Financial
California
+$20.8M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$14M

Top Sellers

Rank Fund Capital Flow
1
Charles Schwab
Charles Schwab
California
-$41.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$40.2M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$35.3M
4
APM
a16z Perennial Management
California
-$23.9M
5
Bank of America
Bank of America
North Carolina
-$22.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
NRI
251
NFP Retirement Inc
California
$272K +$1.31K +23 +0.5%
SWP
252
Stratos Wealth Partners
Ohio
$267K – – –
EWA
253
Emergent Wealth Advisors
New York
$266K +$12.9K +227 +5%
EH
254
Equitable Holdings
New York
$256K +$258K +4,544 New
HWM
255
HB Wealth Management
Georgia
$253K – – –
EWA
256
Exencial Wealth Advisors
Oklahoma
$253K +$4.66K +82 +2%
FLPIM
257
F.L. Putnam Investment Management
Massachusetts
$251K – – –
QPWM
258
Quadrant Private Wealth Management
Pennsylvania
$247K -$60.5K -1,065 -20%
MFG
259
Magnus Financial Group
New York
$247K +$966 +17 +0.4%
FC
260
FCA Corp
Texas
$246K -$6.48K -114 -3%
SEP
261
Southland Equity Partners
Missouri
$243K – – –
Citigroup
262
Citigroup
New York
$242K -$45.5K -800 -16%
PAM
263
Palisade Asset Management
Minnesota
$241K +$243K +4,281 New
CGH
264
Crossmark Global Holdings
Texas
$240K +$243K +4,270 New
CA
265
Calton & Associates
Florida
$238K +$13.1K +230 +6%
Brown Advisory
266
Brown Advisory
Maryland
$223K +$1.02K +18 +0.5%
CIP
267
Cornerstone Investment Partners
Georgia
$221K +$223K +3,923 New
Corient Private Wealth
268
Corient Private Wealth
Florida
$217K +$219K +3,851 New
SCM
269
Stordahl Capital Management
Colorado
$207K +$209K +3,673 New
MCM
270
Morton Capital Management
California
$203K +$966 +17 +0.5%
SAM
271
Sherman Asset Management
California
$201K – – –
MPWT
272
MassMutual Private Wealth & Trust
Connecticut
$196K – – –
BCPWM
273
Bradley & Co Private Wealth Management
Florida
$180K – – –
CPA
274
Cardiff Park Advisors
California
$168K +$796 +14 +0.5%
IF
275
Integrity Financial
Wyoming
$150K -$102K -1,797 -40%
9 10
11
12 13

CMF Hedge Fund Activity: Q1 2025 in Review

307 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2025, worth a combined $2.96B — up 1.1% from $2.93B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CMF positions and 19 closed out — a net gain of 12 holders — while 112 added to existing stakes and 109 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $121M. The largest seller was Charles Schwab, cutting an estimated $41.7M.

  • 307 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2025, up from 300 in Q4 2024.
  • Funds reported $2.96B of iShares California Muni Bond ETF stock for Q1 2025, up 1.1% quarter-over-quarter.
  • 31 funds opened new iShares California Muni Bond ETF positions in Q1 2025 and 19 closed out, a net change of +12 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2025 was Wealthfront Advisers, an estimated $121M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2025 was Charles Schwab, an estimated $41.7M sold.

Based on aggregated 13F filings for Q1 2025.