iShares California Muni Bond ETF
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
+$121M |
| 2 |
SC
Syon Capital
San Francisco,
California
|
+$76.5M |
| 3 |
Jane Street
New York
|
+$58.6M |
| 4 |
OGF
Orin Green Financial
San Diego,
California
|
+$20.8M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$41.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.2M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$35.3M |
| 4 |
APM
a16z Perennial Management
Menlo Park,
California
|
-$23.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$22.8M |
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.