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iShares California Muni Bond ETF
CMF

130 hedge funds and large institutions have $543M invested in iShares California Muni Bond ETF in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

6% more funds holding

Funds holding: 123 → 130 (+7)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

1.19% less ownership

Funds ownership: 52.31% → 51.12% (-1.2%)

6% less capital invested

Capital invested by funds: $576M → $543M (-$32.8M)

Holders
130
Holders Change
+7
Holders Change %
+5.69%
% of All Funds
2.9%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
24
Increased
41
Reduced
33
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWM
Mission Wealth Management
California
+$39.1M
2
Bank of America
Bank of America
North Carolina
+$25.9M
3
PS
Portfolio Solutions
Michigan
+$5.15M
4
UBS Group
UBS Group
Switzerland
+$3.72M
5
Morgan Stanley
Morgan Stanley
New York
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$84.2M
2
BlackRock
BlackRock
New York
-$29.1M
3
MMA
Miracle Mile Advisors
California
-$10.5M
4
RMC
Regis Management Company
California
-$3.33M
5
FAIM
Financial Advocates Investment Management
Washington
-$1.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
26
Karp Capital Management
California
$2.87M +$211K +3,662 +8%
FCA
27
FLC Capital Advisors
California
$2.4M +$2.36M +41,062 New
BOTW
28
Bank of the West
California
$2.2M +$1.22M +21,223 +129%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$2.16M +$46.9K +815 +2%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$2.11M -$142K -2,459 -6%
NFG
31
NewFocus Financial Group
Washington
$2.02M +$1.99M +34,490 New
FCIM
32
Fairview Capital Investment Management
California
$1.65M +$1.63M +28,250 New
GC
33
Garde Capital
Washington
$1.54M – – –
FFA
34
First Foundation Advisors
California
$1.48M -$538K -9,339 -27%
EAM
35
Evanson Asset Management
California
$1.48M – – –
TCPWM
36
Traverso Chambers Private Wealth Management
California
$1.39M +$1.37M +23,816 New
PFC
37
Personal Financial Consultants
California
$1.33M -$511K -8,869 -28%
Renaissance Technologies
38
Renaissance Technologies
New York
$1.28M +$1.26M +21,920 New
EA
39
Elm Advisors
California
$1.26M +$1.02M +17,635 +450%
Citigroup
40
Citigroup
New York
$1.17M +$424K +7,362 +58%
AWS
41
AJ Wealth Strategies
New York
$1.16M – – –
RF
42
RHS Financial
California
$1.14M +$1.13M +19,581 New
VWA
43
VERITY Wealth Advisors
United States
$1.09M +$1.07M +18,657 New
OFG
44
Omega Financial Group
California
$1.06M +$1.05M +18,213 New
HWA
45
HCR Wealth Advisors
California
$1.05M -$44.3K -770 -4%
JP Morgan Chase
46
JP Morgan Chase
New York
$959K -$23.1K -402 -2%
BRWM
47
B. Riley Wealth Management
Tennessee
$874K +$451K +7,837 +110%
LFASL
48
Lugano Financial Advisors SA (LFA)
Switzerland
$868K – – –
BPC
49
Banque Pictet & Cie
Switzerland
$847K – – –
PNAA
50
Pictet North America Advisors
Switzerland
$847K – – –
1
2
3 4 5

CMF Hedge Fund Activity: Q4 2018 in Review

130 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2018, worth a combined $543M — down 5.7% from $576M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new CMF positions and 16 closed out — a net gain of 8 holders — while 41 added to existing stakes and 33 trimmed.

The largest buyer was Mission Wealth Management, adding an estimated $39.1M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $84.2M.

  • 130 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2018, up from 123 in Q3 2018.
  • Funds reported $543M of iShares California Muni Bond ETF stock for Q4 2018, down 5.7% quarter-over-quarter.
  • 24 funds opened new iShares California Muni Bond ETF positions in Q4 2018 and 16 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2018 was Mission Wealth Management, an estimated $39.1M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2018 was Charles Schwab Investment Advisory, an estimated $84.2M sold.

Based on aggregated 13F filings for Q4 2018.