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iShares California Muni Bond ETF
CMF

112 hedge funds and large institutions have $356M invested in iShares California Muni Bond ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 21

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

19% more capital invested

Capital invested by funds: $300M → $356M (+$56.6M)

3.41% more ownership

Funds ownership: 35.83% → 39.24% (+3.4%)

2% more funds holding

Funds holding: 110 → 112 (+2)

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% of All Funds
2.57%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
12
Increased
47
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$29.2M
2
CSIA
Charles Schwab Investment Advisory
California
+$19.3M
3
FI
FormulaFolio Investments
Michigan
+$4.15M
4
Morgan Stanley
Morgan Stanley
New York
+$2.52M
5
B
Bailard
California
+$2.05M

Top Sellers

Rank Fund Capital Flow
1
BTS
BB&T Securities
Virginia
-$3.28M
2
Principal Financial Group
Principal Financial Group
Iowa
-$3.02M
3
Mariner
Mariner
Kansas
-$1.89M
4
Goldman Sachs
Goldman Sachs
New York
-$1.27M
5
UBS Group
UBS Group
Switzerland
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$1.56M +$20.5K +351 +1%
OA
27
Opes Advisors
California
$1.52M +$154K +2,640 +11%
GC
28
Garde Capital
Washington
$1.5M – – –
PS
29
Portfolio Solutions
Michigan
$1.4M +$641K +10,967 +84%
LNC
30
Lincoln National Corp
Pennsylvania
$1.36M +$1.01M +17,332 +290%
TW
31
Towerpoint Wealth
California
$1.22M -$259K -4,430 -17%
KWA
32
KCS Wealth Advisory
California
$1.19M +$101K +1,725 +9%
AWS
33
AJ Wealth Strategies
New York
$1.07M – – –
HWA
34
HCR Wealth Advisors
California
$1.07M -$40.9K -700 -4%
BPC
35
Banque Pictet & Cie
Switzerland
$986K +$4.38K +75 +0.4%
PNAA
36
Pictet North America Advisors
Switzerland
$986K +$4.38K +75 +0.4%
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$894K +$895K +15,310 New
BlackRock
38
BlackRock
New York
$888K +$6.72K +115 +0.8%
Citigroup
39
Citigroup
New York
$814K +$181K +3,090 +28%
MA
40
MUFG Americas
New York
$781K +$31.8K +544 +4%
WC
41
Weil Company
California
$770K – – –
CCP
42
Corient Capital Partners
California
$691K +$301K +5,148 +77%
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$676K +$39.8K +680 +6%
FAAS
44
First Allied Advisory Services
California
$650K – – –
EWF
45
Epstein & White Financial
California
$645K -$135K -2,313 -17%
BFO
46
Biltmore Family Office
North Carolina
$641K – – –
WT
47
Whittier Trust
California
$638K – – –
HighTower Advisors
48
HighTower Advisors
Illinois
$637K -$68.2K -1,166 -10%
WA
49
Winfield Associates
Ohio
$635K – – –
RJFSA
50
Raymond James Financial Services Advisors
Florida
$631K +$40.8K +698 +7%
1
2
3 4 5

CMF Hedge Fund Activity: Q1 2018 in Review

112 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2018, worth a combined $356M — up 19% from $300M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 47 added to existing stakes and 21 trimmed.

The largest buyer was Miracle Mile Advisors, adding an estimated $29.2M. The largest seller was BB&T Securities, exiting entirely with an estimated $3.28M sold.

  • 112 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2018, up from 110 in Q4 2017.
  • Funds reported $356M of iShares California Muni Bond ETF stock for Q1 2018, up 19% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q1 2018 and 9 closed out, a net change of +3 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2018 was Miracle Mile Advisors, an estimated $29.2M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2018 was BB&T Securities, an estimated $3.28M sold.

Based on aggregated 13F filings for Q1 2018.