iShares California Muni Bond ETF
61 hedge funds and large institutions have $120M invested in iShares California Muni Bond ETF in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
7% more funds holding
Funds holding: 57 → 61 (+4)
0.36% more ownership
Funds ownership: 60.69% → 61.05% (+0.36%)
10% less capital invested
Capital invested by funds: $134M → $120M (-$13.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWM
Destination Wealth Management
Walnut Creek,
California
|
+$3.29M |
| 2 |
PFA
Pure Financial Advisors
San Diego,
California
|
+$2.42M |
| 3 |
B
Bailard
Foster City,
California
|
+$1.92M |
| 4 |
Betterment LLC
New York
|
+$1.71M |
| 5 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.89M |
| 2 |
JP Morgan Chase
New York
|
-$1.24M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$812K |
| 4 |
Citigroup
New York
|
-$448K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BOTW
51
Bank of the West
Monterey Park,
California
| $207K | – | – | – |
|
|
SEIA
52
Signature Estate & Investment Advisors
Los Angeles,
California
| $176K | -$55.8K | -958 | -24% |
|
|
LTFS
53
Ladenburg Thalmann Financial Services
Miami,
Florida
| $163K | – | – | – |
|
54
Barclays
London,
United Kingdom
| $125K | – | – | – |
|
|
AIP
55
Ameritas Investment Partners
Lincoln,
Nebraska
| $69K | – | – | – |
|
|
GI
56
Gradient Investments
Arden Hills,
Minnesota
| $39K | -$1.51K | -26 | -4% |
|
|
MFS
57
MSI Financial Services
Springfield,
Massachusetts
| $33K | +$9.31K | +160 | +39% |
|
|
AIG
58
American International Group
New York
| $12.6K | – | – | – |
|
|
AF
59
Allworth Financial
Folsom,
California
| $11K | – | – | – |
|
60
AssetMark Inc
Concord,
California
| $5K | – | – | – |
|
|
61
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$337K | -5,706 | Closed |
|
|
WCM
62
Wealthcare Capital Management
Richmond,
Virginia
| – | -$219K | -3,712 | Closed |
|
CMF Hedge Fund Activity: Q2 2015 in Review
61 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2015, worth a combined $120M — down 10% from $134M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CMF positions and 2 closed out — a net gain of 4 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was Destination Wealth Management, opening a new position worth an estimated $3.29M. The largest seller was Morgan Stanley, cutting an estimated $6.89M.
- 61 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2015, up from 57 in Q1 2015.
- Funds reported $120M of iShares California Muni Bond ETF stock for Q2 2015, down 10% quarter-over-quarter.
- 6 funds opened new iShares California Muni Bond ETF positions in Q2 2015 and 2 closed out, a net change of +4 holders.
- The largest iShares California Muni Bond ETF buyer in Q2 2015 was Destination Wealth Management, an estimated $3.29M added.
- The largest iShares California Muni Bond ETF seller in Q2 2015 was Morgan Stanley, an estimated $6.89M sold.
Based on aggregated 13F filings for Q2 2015.