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iShares California Muni Bond ETF
CMF

58 hedge funds and large institutions have $133M invested in iShares California Muni Bond ETF in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 6

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

16% more capital invested

Capital invested by funds: $115M → $133M (+$18.4M)

12% more funds holding

Funds holding: 52 → 58 (+6)

1.01% more ownership

Funds ownership: 59.5% → 60.51% (+1%)

Holders
58
Holders Change
+6
Holders Change %
+11.54%
% of All Funds
1.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
24
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.59M
2
Bank of America
Bank of America
North Carolina
+$1.97M
3
JP Morgan Chase
JP Morgan Chase
New York
+$1.3M
4
Jane Street
Jane Street
New York
+$1.19M
5
B
Bailard
California
+$703K

Top Sellers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
-$1.2M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$239K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$231K
4
Barclays
Barclays
United Kingdom
-$141K
5
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$107K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$436K +$14.2K +242 +3%
FFA
27
First Foundation Advisors
California
$430K +$429K +7,302 New
BJL
28
Brighton Jones LLC
Washington
$404K – – –
FC
29
FCA Corp
Texas
$402K +$94.1K +1,600 +31%
MCM
30
Millie Capital Management
California
$391K +$390K +6,640 New
PWM
31
Perigon Wealth Management
California
$376K +$37.5K +638 +11%
CAN
32
Cetera Advisor Networks
California
$339K – – –
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$339K – – –
RW
34
Rand Wealth
Maryland
$305K +$61.5K +1,046 +26%
Stifel Financial
35
Stifel Financial
Missouri
$302K +$22.3K +380 +8%
BAAM
36
Baker Avenue Asset Management
California
$299K +$299K +5,080 New
Ameriprise
37
Ameriprise
Minnesota
$245K +$8.23K +140 +3%
BOTW
38
Bank of the West
California
$242K +$242K +4,110 New
ASN
39
Advisory Services Network
Georgia
$240K – – –
EWM
40
Empirical Wealth Management
Washington
$236K +$706 +12 +0.3%
CNB
41
City National Bank
California
$235K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$235K – – –
PAS
43
Partnervest Advisory Services
California
$235K – – –
CCM
44
Coe Capital Management
Illinois
$233K – – –
FAAS
45
First Allied Advisory Services
California
$222K +$221K +3,760 New
QCMC
46
Quantum Capital Management (California)
California
$213K -$66.9K -1,138 -24%
WCM
47
Wealthcare Capital Management
Virginia
$207K – – –
SEIA
48
Signature Estate & Investment Advisors
California
$172K -$58.7K -998 -25%
LTFS
49
Ladenburg Thalmann Financial Services
Florida
$167K – – –
DADC
50
D.A. Davidson & Co
Montana
$85K +$85.4K +1,452 New
1
2
3

CMF Hedge Fund Activity: Q4 2014 in Review

58 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2014, worth a combined $133M — up 16% from $115M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 5 closed out — a net gain of 7 holders — while 24 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.59M. The largest seller was Citigroup, cutting an estimated $1.2M.

  • 58 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2014, up from 52 in Q3 2014.
  • Funds reported $133M of iShares California Muni Bond ETF stock for Q4 2014, up 16% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q4 2014 and 5 closed out, a net change of +7 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2014 was Morgan Stanley, an estimated $3.59M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2014 was Citigroup, an estimated $1.2M sold.

Based on aggregated 13F filings for Q4 2014.