iShares California Muni Bond ETF
115 hedge funds and large institutions have $496M invested in iShares California Muni Bond ETF in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 34 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
39% more capital invested
Capital invested by funds: $356M → $496M (+$140M)
24% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 34
8.2% more ownership
Funds ownership: 39.24% → 47.44% (+8.2%)
3% more funds holding
Funds holding: 112 → 115 (+3)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$123M |
| 2 |
Morgan Stanley
New York
|
+$16.5M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$4.71M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.55M |
| 5 |
KCM
Karp Capital Management
Sausalito,
California
|
+$2.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$10.3M |
| 2 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
-$6.43M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.1M |
| 4 |
OA
Opes Advisors
Cupertino,
California
|
-$1.52M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.1M |
CMF Hedge Fund Activity: Q2 2018 in Review
115 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2018, worth a combined $496M — up 39% from $356M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CMF positions and 6 closed out — a net gain of 3 holders — while 42 added to existing stakes and 34 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $123M. The largest seller was Bank of America, cutting an estimated $10.3M.
- 115 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2018, up from 112 in Q1 2018.
- Funds reported $496M of iShares California Muni Bond ETF stock for Q2 2018, up 39% quarter-over-quarter.
- 9 funds opened new iShares California Muni Bond ETF positions in Q2 2018 and 6 closed out, a net change of +3 holders.
- The largest iShares California Muni Bond ETF buyer in Q2 2018 was Charles Schwab Investment Advisory, an estimated $123M added.
- The largest iShares California Muni Bond ETF seller in Q2 2018 was Bank of America, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2018.