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iShares California Muni Bond ETF
CMF

123 hedge funds and large institutions have $576M invested in iShares California Muni Bond ETF in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 2 → 6 (+4)

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

57% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 28

16% more capital invested

Capital invested by funds: $496M → $576M (+$79.2M)

7% more funds holding

Funds holding: 115 → 123 (+8)

4.87% more ownership

Funds ownership: 47.44% → 52.31% (+4.9%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
2.81%
Holding in Top 10
6
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+200%
% of All Funds
0.14%
New
18
Increased
44
Reduced
28
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$34.7M
2
BlackRock
BlackRock
New York
+$29M
3
PFA
Pure Financial Advisors
California
+$10.6M
4
Morgan Stanley
Morgan Stanley
New York
+$3.63M
5
MMA
Miracle Mile Advisors
California
+$3.29M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.46M
2
Jane Street
Jane Street
New York
-$2.35M
3
MWM
Mission Wealth Management
California
-$2.25M
4
PWM
Perigon Wealth Management
California
-$2.18M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
One Capital Management
California
$2.57M +$271K +4,635 +12%
FAIM
27
Financial Advocates Investment Management
Washington
$2.44M +$881K +15,084 +56%
EWF
28
Epstein & White Financial
California
$2.25M +$474K +8,120 +27%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$2.23M +$1.46K +25 +0.1%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$2.1M -$66.1K -1,132 -3%
FFA
31
First Foundation Advisors
California
$2.01M +$1.58M +27,059 +357%
MIAN
32
Mariner Independent Advisor Network
Kansas
$2.01M +$2.03M +34,756 New
PFC
33
Personal Financial Consultants
California
$1.83M +$1.84M +31,554 New
GC
34
Garde Capital
Washington
$1.51M -$20.2K -345 -1%
EAM
35
Evanson Asset Management
California
$1.46M – – –
SS
36
Simplicity Solutions
Minnesota
$1.41M +$1.42M +24,261 New
LNC
37
Lincoln National Corp
Pennsylvania
$1.3M – – –
Goldman Sachs
38
Goldman Sachs
New York
$1.26M +$14.4K +246 +1%
AWS
39
AJ Wealth Strategies
New York
$1.15M – – –
HWA
40
HCR Wealth Advisors
California
$1.08M +$31K +530 +3%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$1.05M -$646K -11,065 -38%
JP Morgan Chase
42
JP Morgan Chase
New York
$975K +$348K +5,966 +55%
BOTW
43
Bank of the West
California
$956K -$342K -5,850 -26%
LFASL
44
Lugano Financial Advisors SA (LFA)
Switzerland
$868K – – –
BPC
45
Banque Pictet & Cie
Switzerland
$841K -$158K -2,700 -16%
PNAA
46
Pictet North America Advisors
Switzerland
$841K -$158K -2,700 -16%
CCP
47
Corient Capital Partners
California
$814K – – –
EWA
48
EP Wealth Advisors
California
$808K +$814K +13,940 New
RCS
49
Retirement Capital Strategies
California
$800K +$806K +13,802 New
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$775K +$105K +1,801 +16%
1
2
3 4 5

CMF Hedge Fund Activity: Q3 2018 in Review

123 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2018, worth a combined $576M — up 16% from $496M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new CMF positions and 10 closed out — a net gain of 8 holders — while 44 added to existing stakes and 28 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $34.7M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $3.46M sold.

  • 123 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2018, up from 115 in Q2 2018.
  • Funds reported $576M of iShares California Muni Bond ETF stock for Q3 2018, up 16% quarter-over-quarter.
  • 18 funds opened new iShares California Muni Bond ETF positions in Q3 2018 and 10 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2018 was Charles Schwab Investment Advisory, an estimated $34.7M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2018 was Susquehanna International Group, an estimated $3.46M sold.

Based on aggregated 13F filings for Q3 2018.