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iShares California Muni Bond ETF
CMF

110 hedge funds and large institutions have $300M invested in iShares California Muni Bond ETF in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

190% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 10

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

21% more funds holding

Funds holding: 91 → 110 (+19)

5% more capital invested

Capital invested by funds: $285M → $300M (+$15M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

35.55% less ownership

Funds ownership: 71.38% → 35.83% (-36%)

Holders
110
Holders Change
+19
Holders Change %
+20.88%
% of All Funds
2.49%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
29
Increased
36
Reduced
23
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$6.8M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.15M
3
Morgan Stanley
Morgan Stanley
New York
+$3.08M
4
UBS Group
UBS Group
Switzerland
+$1.92M
5
Mariner
Mariner
Kansas
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
PFA
Pure Financial Advisors
California
-$8.1M
2
Jane Street
Jane Street
New York
-$4.24M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.22M
4
Principal Financial Group
Principal Financial Group
Iowa
-$1.95M
5
BPC
Banque Pictet & Cie
Switzerland
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Garde Capital
Washington
$1.52M -$15K -254 -1%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$1.51M +$462K +7,806 +44%
TW
28
Towerpoint Wealth
California
$1.5M +$1.5M +25,365 New
OA
29
Opes Advisors
California
$1.39M +$1.39M +23,444 New
Goldman Sachs
30
Goldman Sachs
New York
$1.27M -$271K -4,584 -18%
HWA
31
HCR Wealth Advisors
California
$1.12M -$29.6K -500 -3%
KWA
32
KCS Wealth Advisory
California
$1.1M +$1.1M +18,592 New
AWS
33
AJ Wealth Strategies
New York
$1.09M -$187K -3,164 -15%
BPC
34
Banque Pictet & Cie
Switzerland
$995K -$1.72M -29,100 -63%
PNAA
35
Pictet North America Advisors
Switzerland
$995K -$1.72M -29,100 -63%
MMA
36
Miracle Mile Advisors
California
$918K +$919K +15,520 New
BlackRock
37
BlackRock
New York
$893K +$262K +4,428 +42%
FFA
38
First Foundation Advisors
California
$873K +$304K +5,138 +53%
EWF
39
Epstein & White Financial
California
$787K +$790K +13,340 New
WC
40
Weil Company
California
$781K +$782K +13,200 New
PS
41
Portfolio Solutions
Michigan
$772K +$404K +6,818 +109%
MA
42
MUFG Americas
New York
$759K – – –
HighTower Advisors
43
HighTower Advisors
Illinois
$711K +$34.9K +589 +5%
FAAS
44
First Allied Advisory Services
California
$659K – – –
BFO
45
Biltmore Family Office
North Carolina
$649K +$650K +10,980 New
WT
46
Whittier Trust
California
$647K – – –
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$645K +$25.3K +427 +4%
CCM
48
Covington Capital Management
California
$644K -$19.5K -330 -3%
WA
49
Winfield Associates
Ohio
$644K +$4.44K +75 +0.7%
Citigroup
50
Citigroup
New York
$642K +$47.5K +802 +8%
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CMF Hedge Fund Activity: Q4 2017 in Review

110 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2017, worth a combined $300M — up 5.3% from $285M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CMF positions and 10 closed out — a net gain of 19 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Bank of America, adding an estimated $6.8M. The largest seller was Pure Financial Advisors, exiting entirely with an estimated $8.1M sold.

  • 110 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2017, up from 91 in Q3 2017.
  • Funds reported $300M of iShares California Muni Bond ETF stock for Q4 2017, up 5.3% quarter-over-quarter.
  • 29 funds opened new iShares California Muni Bond ETF positions in Q4 2017 and 10 closed out, a net change of +19 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2017 was Bank of America, an estimated $6.8M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2017 was Pure Financial Advisors, an estimated $8.1M sold.

Based on aggregated 13F filings for Q4 2017.