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iShares California Muni Bond ETF
CMF

79 hedge funds and large institutions have $196M invested in iShares California Muni Bond ETF in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

100% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 16

10% more funds holding

Funds holding: 72 → 79 (+7)

8% more capital invested

Capital invested by funds: $181M → $196M (+$15.3M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3.15% less ownership

Funds ownership: 61.68% → 58.53% (-3.2%)

Holders
79
Holders Change
+7
Holders Change %
+9.72%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
12
Increased
32
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$6.92M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.94M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.43M
4
CSIA
Charles Schwab Investment Advisory
California
+$1.93M
5
MA
MUFG Americas
New York
+$1.63M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.09M
2
Jane Street
Jane Street
New York
-$2.35M
3
UBS Group
UBS Group
Switzerland
-$1.7M
4
BPC
Banque Pictet & Cie
Switzerland
-$884K
5
PNAA
Pictet North America Advisors
Switzerland
-$884K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
51
BlackRock Investment Management
Delaware
$298K – – –
Stifel Financial
52
Stifel Financial
Missouri
$292K -$36.6K -604 -11%
CAN
53
Cetera Advisor Networks
California
$271K +$12.1K +200 +5%
CCP
54
Corient Capital Partners
California
$264K +$265K +4,376 New
CCM
55
Coe Capital Management
Illinois
$239K – – –
RW
56
Rand Wealth
Maryland
$239K – – –
MFS
57
MSI Financial Services
Massachusetts
$220K +$67.9K +1,120 +44%
ERIM
58
Eagle Ridge Investment Management
Connecticut
$220K +$221K +3,640 New
ASN
59
Advisory Services Network
Georgia
$213K +$214K +3,536 New
RJA
60
Raymond James & Associates
Florida
$212K -$31.5K -520 -13%
CCM
61
Coldstream Capital Management
Washington
$210K +$728 +12 +0.3%
LTFS
62
Ladenburg Thalmann Financial Services
Florida
$208K -$2.06K -34 -1%
LWAC
63
Laurel Wealth Advisors (California)
California
$207K – – –
BOTW
64
Bank of the West
California
$205K – – –
SEIA
65
Signature Estate & Investment Advisors
California
$134K – – –
CWM
66
Concert Wealth Management
California
$76K +$75.9K +1,252 New
NFG
67
Next Financial Group
Texas
$74K +$74K +1,220 New
AIP
68
Ameritas Investment Partners
Nebraska
$72K – – –
RFA
69
Reilly Financial Advisors
California
$66K +$66.7K +1,100 New
GWM
70
Geneos Wealth Management
Colorado
$60K +$24.3K +400 +67%
GAM
71
Gemmer Asset Management
California
$55K – – –
GI
72
Gradient Investments
Minnesota
$41K – – –
IWMPD
73
Integrated Wealth Management (Palm Desert)
California
$30K +$30.5K +502 New
SEI Investments
74
SEI Investments
Pennsylvania
$13K +$12.7K +210 New
AF
75
Allworth Financial
California
$11K – – –
1 2
3
4

CMF Hedge Fund Activity: Q3 2016 in Review

79 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2016, worth a combined $196M — up 8.5% from $181M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 5 closed out — a net gain of 7 holders — while 32 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $6.92M. The largest seller was Morgan Stanley, cutting an estimated $3.09M.

  • 79 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2016, up from 72 in Q2 2016.
  • Funds reported $196M of iShares California Muni Bond ETF stock for Q3 2016, up 8.5% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q3 2016 and 5 closed out, a net change of +7 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2016 was Bank of America, an estimated $6.92M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2016 was Morgan Stanley, an estimated $3.09M sold.

Based on aggregated 13F filings for Q3 2016.