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iShares California Muni Bond ETF
CMF

43 hedge funds and large institutions have $94M invested in iShares California Muni Bond ETF in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $91M → $94M (+$3.03M)

2.61% less ownership

Funds ownership: 64.75% → 62.14% (-2.6%)

12% less funds holding

Funds holding: 49 → 43 (-6)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
43
Holders Change
-6
Holders Change %
-12.24%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
17
Reduced
11
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$3.15M
2
MA
MUFG Americas
New York
+$2.98M
3
B
Bailard
California
+$1.68M
4
Citigroup
Citigroup
New York
+$537K
5
U
UBS
Switzerland
+$280K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.78M
2
Nomura Holdings
Nomura Holdings
Japan
-$2.37M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.36M
4
PAM
Panagora Asset Management
Massachusetts
-$1.65M
5
Bank of America
Bank of America
North Carolina
-$968K
Name Holding Trade Value Shares
Change 		Change in
Stake
BOTW
26
Bank of the West
California
$387K -$333K -6,204 -47%
BJL
27
Brighton Jones LLC
Washington
$373K – – –
JG
28
Jefferies Group
New York
$358K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$346K – – –
QCMC
30
Quantum Capital Management (California)
California
$308K +$45.7K +852 +18%
FC
31
FCA Corp
Texas
$284K – – –
EWM
32
Empirical Wealth Management
Washington
$262K +$4.4K +82 +2%
CAN
33
Cetera Advisor Networks
California
$234K – – –
SEIA
34
Signature Estate & Investment Advisors
California
$233K +$6.66K +124 +3%
PAS
35
Partnervest Advisory Services
California
$192K – – –
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$154K – – –
TIM
37
Tortoise Investment Management
New York
$54K – – –
GI
38
Gradient Investments
Minnesota
$38K – – –
Ameriprise
39
Ameriprise
Minnesota
$38K +$10.9K +204 +41%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$18K +$18.1K +338 New
NES
41
New England Securities
New York
$17K -$215 -4 -1%
AssetMark Inc
42
AssetMark Inc
California
$17K +$17.2K +320 New
MFS
43
MSI Financial Services
Massachusetts
$6K -$162K -3,016 -96%
Nomura Holdings
44
Nomura Holdings
Japan
– -$2.37M -43,846 Closed
PAM
45
Panagora Asset Management
Massachusetts
– -$1.65M -30,426 Closed
HW
46
Hancock Whitney
Mississippi
– -$771K -14,266 Closed
TCM
47
Telos Capital Management
California
– -$505K -9,340 Closed
CCM
48
Coe Capital Management
Illinois
– -$214K -3,960 Closed
US Bancorp
49
US Bancorp
Minnesota
– -$204K -3,772 Closed
Creative Planning
50
Creative Planning
Kansas
– -$36K -666 Closed
1
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CMF Hedge Fund Activity: Q3 2013 in Review

43 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2013, worth a combined $94M — up 3.3% from $91M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of CMF and 3 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 17 added.

The largest buyer was Jane Street, adding an estimated $3.15M. The largest seller was Morgan Stanley, cutting an estimated $9.78M.

  • 43 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2013, down from 49 in Q2 2013.
  • Funds reported $94M of iShares California Muni Bond ETF stock for Q3 2013, up 3.3% quarter-over-quarter.
  • 3 funds opened new iShares California Muni Bond ETF positions in Q3 2013 and 7 closed out, a net change of -4 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2013 was Jane Street, an estimated $3.15M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2013 was Morgan Stanley, an estimated $9.78M sold.

Based on aggregated 13F filings for Q3 2013.