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iShares California Muni Bond ETF
CMF

70 hedge funds and large institutions have $177M invested in iShares California Muni Bond ETF in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

25% more capital invested

Capital invested by funds: $141M → $177M (+$35.8M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

8.57% more ownership

Funds ownership: 60.55% → 69.12% (+8.6%)

1% more funds holding

Funds holding: 69 → 70 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
70
Holders Change
+1
Holders Change %
+1.45%
% of All Funds
1.87%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
24
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
B
Bailard
California
+$16M
2
LPL Financial
LPL Financial
California
+$6.02M
3
MA
MUFG Americas
New York
+$3.64M
4
BPC
Banque Pictet & Cie
Switzerland
+$2.22M
5
PNAA
Pictet North America Advisors
Switzerland
+$2.22M

Top Sellers

Rank Fund Capital Flow
1
NFG
NewFocus Financial Group
Washington
-$1.03M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$927K
3
PWM
Perigon Wealth Management
California
-$686K
4
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$673K
5
UCFA
United Capital Financial Advisors
Texas
-$425K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
51
Coe Capital Management
Illinois
$236K – – –
TSS
52
Two Sigma Securities
New York
$226K +$226K +3,794 New
CCM
53
Coldstream Capital Management
Washington
$206K – – –
LWAC
54
Laurel Wealth Advisors (California)
California
$204K -$75.8K -1,274 -27%
MFS
55
MSI Financial Services
Massachusetts
$203K -$20.1K -338 -9%
BOTW
56
Bank of the West
California
$202K – – –
IA
57
IFP Advisors
Florida
$202K +$32.3K +542 +9%
LTFS
58
Ladenburg Thalmann Financial Services
Florida
$181K – – –
SEIA
59
Signature Estate & Investment Advisors
California
$155K -$25.9K -436 -14%
AIP
60
Ameritas Investment Partners
Nebraska
$71K – – –
GI
61
Gradient Investments
Minnesota
$40K – – –
GWM
62
Geneos Wealth Management
Colorado
$35K +$35.7K +600 New
GAM
63
Gemmer Asset Management
California
$34K – – –
BCI
64
Brinker Capital Investments
Pennsylvania
$29K – – –
AIG
65
American International Group
New York
$13K – – –
AF
66
Allworth Financial
California
$11K – – –
BC
67
Bartlett & Co
Ohio
$9K – – –
ACM
68
Argentus Capital Management
Texas
$5K +$1.55K +26 +50%
NFG
69
NewFocus Financial Group
Washington
– -$1.03M -17,416 Closed
Susquehanna International Group
70
Susquehanna International Group
Pennsylvania
– -$927K -15,700 Closed
PWM
71
Perigon Wealth Management
California
– -$686K -11,612 Closed
BAAM
72
Baker Avenue Asset Management
California
– -$300K -5,080 Closed
CS
73
Credit Suisse
Switzerland
– -$285K -4,830 Closed
TRCT
74
Tower Research Capital (TRC)
New York
– -$4K -74 Closed
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
– +$714 +12 New
1 2
3

CMF Hedge Fund Activity: Q1 2016 in Review

70 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2016, worth a combined $177M — up 25% from $141M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new CMF positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.

The largest buyer was Bailard, opening a new position worth an estimated $16M. The largest seller was NewFocus Financial Group, exiting entirely with an estimated $1.03M sold.

  • 70 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2016, up from 69 in Q4 2015.
  • Funds reported $177M of iShares California Muni Bond ETF stock for Q1 2016, up 25% quarter-over-quarter.
  • 7 funds opened new iShares California Muni Bond ETF positions in Q1 2016 and 6 closed out, a net change of +1 holder.
  • The largest iShares California Muni Bond ETF buyer in Q1 2016 was Bailard, an estimated $16M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2016 was NewFocus Financial Group, an estimated $1.03M sold.

Based on aggregated 13F filings for Q1 2016.