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iShares California Muni Bond ETF
CMF

123 hedge funds and large institutions have $576M invested in iShares California Muni Bond ETF in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 2 → 6 (+4)

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

57% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 28

16% more capital invested

Capital invested by funds: $496M → $576M (+$79.2M)

7% more funds holding

Funds holding: 115 → 123 (+8)

4.87% more ownership

Funds ownership: 47.44% → 52.31% (+4.9%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
2.81%
Holding in Top 10
6
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+200%
% of All Funds
0.14%
New
18
Increased
44
Reduced
28
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$34.7M
2
BlackRock
BlackRock
New York
+$29M
3
PFA
Pure Financial Advisors
California
+$10.6M
4
Morgan Stanley
Morgan Stanley
New York
+$3.63M
5
MMA
Miracle Mile Advisors
California
+$3.29M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.46M
2
Jane Street
Jane Street
New York
-$2.35M
3
MWM
Mission Wealth Management
California
-$2.25M
4
PWM
Perigon Wealth Management
California
-$2.18M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2M
Name Holding Trade Value Shares
Change 		Change in
Stake
KWM
51
Kingsview Wealth Management
Oregon
$743K +$120K +2,056 +19%
Citigroup
52
Citigroup
New York
$731K -$45.3K -775 -6%
MA
53
MUFG Americas
New York
$712K -$59.1K -1,012 -8%
WA
54
Winfield Associates
Ohio
$683K +$52.6K +900 +8%
PS
55
Portfolio Solutions
Michigan
$683K +$326K +5,582 +90%
WT
56
Whittier Trust
California
$634K – – –
FAAS
57
First Allied Advisory Services
California
$627K +$630K +10,790 New
BCI
58
Brinker Capital Investments
Pennsylvania
$616K +$357K +6,112 +136%
RJFSA
59
Raymond James Financial Services Advisors
Florida
$610K -$17.5K -300 -3%
CCM
60
Covington Capital Management
California
$600K +$20.2K +345 +3%
IIA
61
IPG Investment Advisors
California
$596K – – –
AWM
62
AE Wealth Management
Kansas
$555K +$559K +9,573 New
LGWM
63
Litman Gregory Wealth Management
California
$546K – – –
Manulife (Manufacturers Life Insurance)
64
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$539K +$163K +2,795 +43%
FC
65
FCA Corp
Texas
$538K -$11.7K -200 -2%
Fisher Asset Management
66
Fisher Asset Management
Washington
$534K -$1.46K -25 -0.3%
PCTC
67
Perkins Coie Trust Company
Washington
$522K – – –
HighTower Advisors
68
HighTower Advisors
Illinois
$521K -$64.7K -1,107 -11%
CIC
69
Carnegie Investment Counsel
Ohio
$512K +$187K +3,200 +56%
RFA
70
Reilly Financial Advisors
California
$511K +$452K +7,741 +720%
KWA
71
KCS Wealth Advisory
California
$505K -$448K -7,669 -47%
EHPM
72
Emery Howard Portfolio Management
California
$484K +$2.57K +44 +0.5%
PAS
73
Partnervest Advisory Services
California
$473K +$245K +4,186 +105%
Citadel Advisors
74
Citadel Advisors
Florida
$473K +$477K +8,159 New
PCA
75
Personal Capital Advisors
California
$469K +$113K +1,931 +31%
1 2
3
4 5

CMF Hedge Fund Activity: Q3 2018 in Review

123 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2018, worth a combined $576M — up 16% from $496M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new CMF positions and 10 closed out — a net gain of 8 holders — while 44 added to existing stakes and 28 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $34.7M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $3.46M sold.

  • 123 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2018, up from 115 in Q2 2018.
  • Funds reported $576M of iShares California Muni Bond ETF stock for Q3 2018, up 16% quarter-over-quarter.
  • 18 funds opened new iShares California Muni Bond ETF positions in Q3 2018 and 10 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2018 was Charles Schwab Investment Advisory, an estimated $34.7M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2018 was Susquehanna International Group, an estimated $3.46M sold.

Based on aggregated 13F filings for Q3 2018.