iShares California Muni Bond ETF
48 hedge funds and large institutions have $83.1M invested in iShares California Muni Bond ETF in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 20 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
12% more funds holding
Funds holding: 43 → 48 (+5)
1.79% more ownership
Funds ownership: 62.14% → 63.93% (+1.8%)
12% less capital invested
Capital invested by funds: $94M → $83.1M (-$10.9M)
65% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.56M |
| 2 |
MA
MUFG Americas
New York
|
+$1.45M |
| 3 |
B
Bailard
Foster City,
California
|
+$1.39M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$964K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$568K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.27M |
| 2 |
Jane Street
New York
|
-$2.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.33M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$871K |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$788K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$552K | -10,154 | Closed |
|
|
CNB
52
City National Bank
Beverly Hills,
California
| – | -$489K | -8,978 | Closed |
|
|
MFS
53
MSI Financial Services
Springfield,
Massachusetts
| – | -$6K | -118 | Closed |
|
CMF Hedge Fund Activity: Q4 2013 in Review
48 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2013, worth a combined $83.1M — down 12% from $94M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new CMF positions and 5 closed out — a net gain of 5 holders — while 7 added to existing stakes and 20 trimmed.
The largest buyer was Bank of America, adding an estimated $2.56M. The largest seller was Royal Bank of Canada, cutting an estimated $4.27M.
- 48 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2013, up from 43 in Q3 2013.
- Funds reported $83.1M of iShares California Muni Bond ETF stock for Q4 2013, down 12% quarter-over-quarter.
- 10 funds opened new iShares California Muni Bond ETF positions in Q4 2013 and 5 closed out, a net change of +5 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2013 was Bank of America, an estimated $2.56M added.
- The largest iShares California Muni Bond ETF seller in Q4 2013 was Royal Bank of Canada, an estimated $4.27M sold.
Based on aggregated 13F filings for Q4 2013.