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iShares California Muni Bond ETF
CMF

61 hedge funds and large institutions have $120M invested in iShares California Muni Bond ETF in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

7% more funds holding

Funds holding: 57 → 61 (+4)

0.36% more ownership

Funds ownership: 60.69% → 61.05% (+0.36%)

10% less capital invested

Capital invested by funds: $134M → $120M (-$13.7M)

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
1.64%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
6
Increased
21
Reduced
17
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DWM
Destination Wealth Management
California
+$3.29M
2
PFA
Pure Financial Advisors
California
+$2.42M
3
B
Bailard
California
+$1.92M
4
Betterment LLC
Betterment LLC
New York
+$1.71M
5
CSIA
Charles Schwab Investment Advisory
California
+$1.62M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.89M
2
JP Morgan Chase
JP Morgan Chase
New York
-$1.24M
3
UBS Group
UBS Group
Switzerland
-$812K
4
Citigroup
Citigroup
New York
-$448K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fisher Asset Management
26
Fisher Asset Management
Washington
$549K +$554K +9,508 New
PWM
27
Perigon Wealth Management
California
$526K +$39.8K +684 +8%
BIM
28
BlackRock Investment Management
Delaware
$520K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$485K -$22.4K -384 -4%
BJL
30
Brighton Jones LLC
Washington
$434K +$38.2K +656 +10%
UCFA
31
United Capital Financial Advisors
Texas
$409K +$412K +7,082 New
AI
32
Atria Investments
North Carolina
$398K -$22.6K -388 -5%
MCM
33
Millie Capital Management
California
$384K – – –
BOS
34
Bank of Stockton
California
$381K -$58.2K -1,000 -13%
CS
35
Credit Suisse
Switzerland
$369K -$141K -2,420 -27%
FC
36
FCA Corp
Texas
$365K -$11.6K -200 -3%
OCM
37
One Capital Management
California
$350K +$353K +6,060 New
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$339K – – –
CAN
39
Cetera Advisor Networks
California
$335K – – –
Citigroup
40
Citigroup
New York
$322K -$448K -7,690 -58%
PAS
41
Partnervest Advisory Services
California
$305K +$75.1K +1,290 +32%
HighTower Advisors
42
HighTower Advisors
Illinois
$296K +$298K +5,124 New
BAAM
43
Baker Avenue Asset Management
California
$293K – – –
RW
44
Rand Wealth
Maryland
$289K -$7.68K -132 -3%
FAAS
45
First Allied Advisory Services
California
$288K +$42.4K +728 +17%
Goldman Sachs
46
Goldman Sachs
New York
$278K -$8.03K -138 -3%
Stifel Financial
47
Stifel Financial
Missouri
$262K -$34.9K -600 -12%
ASN
48
Advisory Services Network
Georgia
$262K +$30.2K +518 +13%
CCM
49
Coe Capital Management
Illinois
$229K – – –
DADC
50
D.A. Davidson & Co
Montana
$222K +$92.5K +1,588 +70%
1
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CMF Hedge Fund Activity: Q2 2015 in Review

61 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2015, worth a combined $120M — down 10% from $134M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new CMF positions and 2 closed out — a net gain of 4 holders — while 21 added to existing stakes and 17 trimmed.

The largest buyer was Destination Wealth Management, opening a new position worth an estimated $3.29M. The largest seller was Morgan Stanley, cutting an estimated $6.89M.

  • 61 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2015, up from 57 in Q1 2015.
  • Funds reported $120M of iShares California Muni Bond ETF stock for Q2 2015, down 10% quarter-over-quarter.
  • 6 funds opened new iShares California Muni Bond ETF positions in Q2 2015 and 2 closed out, a net change of +4 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2015 was Destination Wealth Management, an estimated $3.29M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2015 was Morgan Stanley, an estimated $6.89M sold.

Based on aggregated 13F filings for Q2 2015.