iShares California Muni Bond ETF
58 hedge funds and large institutions have $133M invested in iShares California Muni Bond ETF in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 6 reducing their positions, and 5 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 6
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
16% more capital invested
Capital invested by funds: $115M → $133M (+$18.4M)
12% more funds holding
Funds holding: 52 → 58 (+6)
1.01% more ownership
Funds ownership: 59.5% → 60.51% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.97M |
| 3 |
JP Morgan Chase
New York
|
+$1.3M |
| 4 |
Jane Street
New York
|
+$1.19M |
| 5 |
B
Bailard
Foster City,
California
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$1.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$239K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$231K |
| 4 |
Barclays
London,
United Kingdom
|
-$141K |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$107K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIP
51
Ameritas Investment Partners
Lincoln,
Nebraska
| $70K | +$70.6K | +1,200 | New |
|
|
GI
52
Gradient Investments
Arden Hills,
Minnesota
| $41K | – | – | – |
|
|
NPC
53
National Planning Corporation
El Segundo,
California
| $38.6K | +$38.2K | +650 | New |
|
54
Betterment LLC
New York
| $25K | +$25.1K | +426 | New |
|
|
NES
55
New England Securities
New York
| $21K | +$10.1K | +172 | +97% |
|
|
AIG
56
American International Group
New York
| $12.8K | – | – | – |
|
57
AssetMark Inc
Concord,
California
| $5K | – | – | – |
|
|
58
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$239K | -4,098 | Closed |
|
|
59
Envestnet Asset Management
Chicago,
Illinois
| – | -$231K | -3,962 | Closed |
|
|
60
Barclays
London,
United Kingdom
| – | -$141K | -2,424 | Closed |
|
|
TIM
61
Tortoise Investment Management
White Plains,
New York
| – | -$18K | -300 | Closed |
|
|
NFG
62
Next Financial Group
Houston,
Texas
| – | -$15K | -260 | Closed |
|
63
Parallax Volatility Advisers
San Francisco,
California
| – | +$118 | +2 | New |
|
CMF Hedge Fund Activity: Q4 2014 in Review
58 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2014, worth a combined $133M — up 16% from $115M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CMF positions and 5 closed out — a net gain of 7 holders — while 24 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.59M. The largest seller was Citigroup, cutting an estimated $1.2M.
- 58 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2014, up from 52 in Q3 2014.
- Funds reported $133M of iShares California Muni Bond ETF stock for Q4 2014, up 16% quarter-over-quarter.
- 12 funds opened new iShares California Muni Bond ETF positions in Q4 2014 and 5 closed out, a net change of +7 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2014 was Morgan Stanley, an estimated $3.59M added.
- The largest iShares California Muni Bond ETF seller in Q4 2014 was Citigroup, an estimated $1.2M sold.
Based on aggregated 13F filings for Q4 2014.