iShares California Muni Bond ETF
61 hedge funds and large institutions have $129M invested in iShares California Muni Bond ETF in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
8% more capital invested
Capital invested by funds: $120M → $129M (+$9.31M)
1.85% more ownership
Funds ownership: 61.05% → 62.9% (+1.9%)
0% more funds holding
Funds holding: 61 → 61 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$5.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.41M |
| 3 |
PFA
Pure Financial Advisors
San Diego,
California
|
+$1.62M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.13M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$999K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWM
Destination Wealth Management
Walnut Creek,
California
|
-$3.27M |
| 2 |
Morgan Stanley
New York
|
-$1.9M |
| 3 |
Jane Street
New York
|
-$591K |
| 4 |
OCM
One Capital Management
Westlake Village,
California
|
-$350K |
| 5 |
Goldman Sachs
New York
|
-$278K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
51
Ladenburg Thalmann Financial Services
Miami,
Florida
| $166K | – | – | – |
|
52
Barclays
London,
United Kingdom
| $110K | -$17K | -292 | -13% |
|
|
NFG
53
NewFocus Financial Group
Vancouver,
Washington
| $102K | +$101K | +1,738 | New |
|
|
AIP
54
Ameritas Investment Partners
Lincoln,
Nebraska
| $70K | – | – | – |
|
|
GI
55
Gradient Investments
Arden Hills,
Minnesota
| $40K | – | – | – |
|
|
MFS
56
MSI Financial Services
Springfield,
Massachusetts
| $33K | -$815 | -14 | -2% |
|
|
AIG
57
American International Group
New York
| $13K | – | – | – |
|
|
AF
58
Allworth Financial
Folsom,
California
| $11K | – | – | – |
|
59
AssetMark Inc
Concord,
California
| $5K | – | – | – |
|
|
ACM
60
Argentus Capital Management
Dallas,
Texas
| $3K | +$3.03K | +52 | New |
|
|
DWM
61
Destination Wealth Management
Walnut Creek,
California
| – | -$3.27M | -56,564 | Closed |
|
|
OCM
62
One Capital Management
Westlake Village,
California
| – | -$350K | -6,060 | Closed |
|
|
63
Goldman Sachs
New York
| – | -$278K | -4,818 | Closed |
|
|
BOTW
64
Bank of the West
Monterey Park,
California
| – | -$207K | -3,590 | Closed |
|
CMF Hedge Fund Activity: Q3 2015 in Review
61 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2015, worth a combined $129M — up 7.8% from $120M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CMF positions and 4 closed out — a net gain of 1 holder — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Bailard, adding an estimated $5.19M. The largest seller was Destination Wealth Management, exiting entirely with an estimated $3.27M sold.
- 61 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2015, unchanged from Q2 2015.
- Funds reported $129M of iShares California Muni Bond ETF stock for Q3 2015, up 7.8% quarter-over-quarter.
- 5 funds opened new iShares California Muni Bond ETF positions in Q3 2015 and 4 closed out, a net change of +1 holder.
- The largest iShares California Muni Bond ETF buyer in Q3 2015 was Bailard, an estimated $5.19M added.
- The largest iShares California Muni Bond ETF seller in Q3 2015 was Destination Wealth Management, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2015.