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iShares California Muni Bond ETF
CMF

69 hedge funds and large institutions have $141M invested in iShares California Muni Bond ETF in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

13% more funds holding

Funds holding: 61 → 69 (+8)

9% more capital invested

Capital invested by funds: $129M → $141M (+$12.1M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.36% less ownership

Funds ownership: 62.9% → 60.55% (-2.4%)

Holders
69
Holders Change
+8
Holders Change %
+13.11%
% of All Funds
1.81%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
14
Increased
23
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$8.38M
2
LPL Financial
LPL Financial
California
+$7.33M
3
Morgan Stanley
Morgan Stanley
New York
+$4.18M
4
BPC
Banque Pictet & Cie
Switzerland
+$1.29M
5
PNAA
Pictet North America Advisors
Switzerland
+$1.29M

Top Sellers

Rank Fund Capital Flow
1
B
Bailard
California
-$16.5M
2
PFA
Pure Financial Advisors
California
-$375K
3
ASN
Advisory Services Network
Georgia
-$281K
4
Jane Street
Jane Street
New York
-$263K
5
UBS Group
UBS Group
Switzerland
-$221K
Name Holding Trade Value Shares
Change 		Change in
Stake
PWM
26
Perigon Wealth Management
California
$686K +$19.4K +330 +3%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$673K +$357K +6,086 +115%
WT
28
Whittier Trust
California
$667K – – –
WA
29
Winfield Associates
Ohio
$592K – – –
AL
30
Aspiriant LLC
California
$580K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$580K +$18K +306 +3%
Fisher Asset Management
32
Fisher Asset Management
Washington
$562K – – –
FC
33
FCA Corp
Texas
$513K – – –
BJL
34
Brighton Jones LLC
Washington
$405K – – –
MCM
35
Millie Capital Management
California
$392K – – –
DADC
36
D.A. Davidson & Co
Montana
$377K +$92.6K +1,578 +33%
Citigroup
37
Citigroup
New York
$368K +$74.7K +1,272 +26%
MWM
38
Mission Wealth Management
California
$366K -$8.34K -142 -2%
IA
39
IFP Advisors
Florida
$366K +$364K +6,202 New
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$340K – – –
AI
41
Atria Investments
North Carolina
$334K -$22.4K -382 -6%
HighTower Advisors
42
HighTower Advisors
Illinois
$324K +$22.7K +386 +8%
Stifel Financial
43
Stifel Financial
Missouri
$321K +$53.1K +904 +20%
BIM
44
BlackRock Investment Management
Delaware
$318K -$17.6K -300 -5%
FAAS
45
First Allied Advisory Services
California
$312K -$2.7K -46 -0.9%
FFA
46
First Foundation Advisors
California
$302K +$300K +5,106 New
BAAM
47
Baker Avenue Asset Management
California
$300K – – –
LGWM
48
Litman Gregory Wealth Management
California
$294K +$292K +4,974 New
CAN
49
Cetera Advisor Networks
California
$291K – – –
CS
50
Credit Suisse
Switzerland
$285K -$91.6K -1,560 -24%
1
2
3

CMF Hedge Fund Activity: Q4 2015 in Review

69 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2015, worth a combined $141M — up 9.4% from $129M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new CMF positions and 6 closed out — a net gain of 8 holders — while 23 added to existing stakes and 14 trimmed.

The largest buyer was Bank of America, adding an estimated $8.38M. The largest seller was Bailard, exiting entirely with an estimated $16.5M sold.

  • 69 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2015, up from 61 in Q3 2015.
  • Funds reported $141M of iShares California Muni Bond ETF stock for Q4 2015, up 9.4% quarter-over-quarter.
  • 14 funds opened new iShares California Muni Bond ETF positions in Q4 2015 and 6 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2015 was Bank of America, an estimated $8.38M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2015 was Bailard, an estimated $16.5M sold.

Based on aggregated 13F filings for Q4 2015.