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iShares California Muni Bond ETF
CMF

257 hedge funds and large institutions have $2.14B invested in iShares California Muni Bond ETF in 2024 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 114 increasing their positions, 64 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 64

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

4% more funds holding

Funds holding: 247 → 257 (+10)

2% less capital invested

Capital invested by funds: $2.18B → $2.14B (-$38.1M)

4.65% less ownership

Funds ownership: 80.31% → 75.66% (-4.7%)

8% less funds holding in top 10

Funds holding in top 10: 13 → 12 (-1)

Holders
257
Holders Change
+10
Holders Change %
+4.05%
% of All Funds
3.7%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.17%
New
31
Increased
114
Reduced
64
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$32.3M
2
B
Bailard
California
+$29.8M
3
CSIA
Charles Schwab Investment Advisory
California
+$28.8M
4
Jane Street
Jane Street
New York
+$19.6M
5
FWI
Facet Wealth Inc
Maryland
+$10.1M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$89.4M
2
OGF
Orin Green Financial
California
-$19.1M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$18.4M
4
FCG
Financial Connections Group
California
-$15.5M
5
BlackRock
BlackRock
New York
-$9.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$17.1M +$135K +2,337 +0.8%
JP Morgan Chase
27
JP Morgan Chase
New York
$16.4M +$3.65M +63,253 +29%
AssetMark Inc
28
AssetMark Inc
California
$14.2M +$771K +13,371 +6%
M
29
MYeCFO
California
$11.8M +$806K +13,971 +7%
Ameriprise
30
Ameriprise
Minnesota
$11.2M -$2.3M -39,858 -17%
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$11M +$2.89M +50,008 +35%
SEI Investments
32
SEI Investments
Pennsylvania
$11M +$566K +9,804 +5%
Creative Planning
33
Creative Planning
Kansas
$10.8M +$862K +14,943 +9%
PFA
34
Pure Financial Advisors
California
$10.1M +$197K +3,407 +2%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$10M -$602K -10,437 -6%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$9.6M +$418K +7,253 +5%
Betterment LLC
37
Betterment LLC
New York
$9.39M +$2.75M +47,693 +41%
MMA
38
Miracle Mile Advisors
California
$9.09M -$8.8M -152,510 -49%
BPA
39
Beacon Pointe Advisors
California
$7.55M +$482K +8,349 +7%
Cerity Partners
40
Cerity Partners
New York
$7.45M +$684K +11,846 +10%
WWG
41
West Wealth Group
California
$7.37M +$7.39M +128,045 New
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$7.23M +$976K +16,911 +16%
BlackRock
43
BlackRock
New York
$7.05M -$9.97M -172,850 -59%
Kayne Anderson Rudnick Investment Management
44
Kayne Anderson Rudnick Investment Management
California
$6.72M -$541K -9,371 -7%
CWM
45
Certus Wealth Management
California
$6.58M +$2.45M +42,392 +58%
CL
46
Choreo LLC
Illinois
$6.58M -$112K -1,949 -2%
MWM
47
Mission Wealth Management
California
$6.5M -$43.6K -755 -0.7%
RI
48
Rinkey Investments
California
$6.41M +$91.5K +1,585 +1%
NL
49
Navalign LLC
California
$6.21M +$351K +6,083 +6%
ACA
50
Affinity Capital Advisors
California
$5.53M +$1.79M +30,988 +48%
1
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CMF Hedge Fund Activity: Q1 2024 in Review

257 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2024, worth a combined $2.14B — down 1.8% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CMF positions and 18 closed out — a net gain of 13 holders — while 114 added to existing stakes and 64 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $32.3M. The largest seller was Morgan Stanley, cutting an estimated $89.4M.

  • 257 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2024, up from 247 in Q4 2023.
  • Funds reported $2.14B of iShares California Muni Bond ETF stock for Q1 2024, down 1.8% quarter-over-quarter.
  • 31 funds opened new iShares California Muni Bond ETF positions in Q1 2024 and 18 closed out, a net change of +13 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2024 was Fidelity Investments, an estimated $32.3M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $89.4M sold.

Based on aggregated 13F filings for Q1 2024.