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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
RIL
301
Rothschild Investment LLC
Illinois
$41.8K
ACA
302
Aptus Capital Advisors
Alabama
$39.2K
API
303
Asset Planning Inc
California
$39K
WOSD
304
WFA of San Diego
California
$25.9K +$25.8K +465 New
BA
305
Ballast Advisors
Minnesota
$22.9K +$278 +5 +1%
AAS
306
Ameritas Advisory Services
Nebraska
$22.7K +$22.6K +407 New
EWA
307
EverSource Wealth Advisors
Alabama
$19.7K +$167 +3 +0.9%
PNC Financial Services Group
308
PNC Financial Services Group
Pennsylvania
$19.6K
WCM
309
Winthrop Capital Management
Indiana
$13K
PWA
310
Physician Wealth Advisors
Utah
$8.7K
LAMC
311
Longview Asset Management (California)
California
$8.36K +$3.66K +66 +79%
LBC
312
Lowe Brockenbrough & Co
Virginia
$6.52K +$6.5K +117 New
KFI
313
Key Financial Inc
Pennsylvania
$3.85K +$3.83K +69 New
HI
314
Horizon Investments
North Carolina
$2.38K
PWM
315
Parkworth Wealth Management
California
$2.28K -$1.39K -25 -38%
Simplex Trading
316
Simplex Trading
Illinois
$2K +$2.17K +39 New
TFG
317
Team Financial Group
California
$1.84K +$1.83K +33 New
TRCT
318
Tower Research Capital (TRC)
New York
$334 +$333 +6 New
RBCM
319
Raub Brock Capital Management
California
-$23.2M -412,617 Closed
AF
320
Amara Financial
California
-$4.46M -79,260 Closed
TC
321
TownSquare Capital
Utah
-$3.13M -55,543 Closed
VBFG
322
Vishria Bird Financial Group
Tennessee
-$2.39M -42,493 Closed
PFS
323
Prospera Financial Services
Texas
-$1.43M -25,495 Closed
SFS
324
Strategic Financial Services
New York
-$754K -13,394 Closed
FNBSF
325
First National Bank Sioux Falls
South Dakota
-$563K -10,000 Closed

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.