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iShares California Muni Bond ETF
CMF

130 hedge funds and large institutions have $543M invested in iShares California Muni Bond ETF in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

6% more funds holding

Funds holding: 123 → 130 (+7)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

1.19% less ownership

Funds ownership: 52.31% → 51.12% (-1.2%)

6% less capital invested

Capital invested by funds: $576M → $543M (-$32.8M)

Holders
130
Holders Change
+7
Holders Change %
+5.69%
% of All Funds
2.9%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
24
Increased
41
Reduced
33
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWM
Mission Wealth Management
California
+$39.1M
2
Bank of America
Bank of America
North Carolina
+$25.9M
3
PS
Portfolio Solutions
Michigan
+$5.15M
4
UBS Group
UBS Group
Switzerland
+$3.72M
5
Morgan Stanley
Morgan Stanley
New York
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$84.2M
2
BlackRock
BlackRock
New York
-$29.1M
3
MMA
Miracle Mile Advisors
California
-$10.5M
4
RMC
Regis Management Company
California
-$3.33M
5
FAIM
Financial Advocates Investment Management
Washington
-$1.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWRP
51
Summit Wealth & Retirement Planning
California
$819K +$807K +14,013 New
KWM
52
Kingsview Wealth Management
Oregon
$807K +$57.2K +994 +8%
RCS
53
Retirement Capital Strategies
California
$801K -$5.53K -96 -0.7%
AG
54
Advisor Group
Arizona
$797K +$510K +8,851 +186%
BCI
55
Brinker Capital Investments
Pennsylvania
$740K +$118K +2,043 +19%
MA
56
MUFG Americas
New York
$738K +$19.5K +338 +3%
WA
57
Winfield Associates
Ohio
$688K – – –
RJFSA
58
Raymond James Financial Services Advisors
Florida
$659K +$43.2K +750 +7%
MA
59
Mutual Advisors
Nebraska
$652K +$368K +6,391 +134%
WT
60
Whittier Trust
California
$639K – – –
Fisher Asset Management
61
Fisher Asset Management
Washington
$639K +$99.6K +1,729 +19%
LGWM
62
Litman Gregory Wealth Management
California
$633K +$81.3K +1,412 +15%
FAAS
63
First Allied Advisory Services
California
$623K -$7.95K -138 -1%
IIA
64
IPG Investment Advisors
California
$601K – – –
CCM
65
Covington Capital Management
California
$586K -$18.1K -315 -3%
PAS
66
Partnervest Advisory Services
California
$558K +$79.3K +1,378 +17%
UCFA
67
United Capital Financial Advisors
Texas
$555K +$161K +2,794 +42%
LTFS
68
Ladenburg Thalmann Financial Services
Florida
$552K -$226K -3,928 -29%
FC
69
FCA Corp
Texas
$542K – – –
PCTC
70
Perkins Coie Trust Company
Washington
$526K – – –
HighTower Advisors
71
HighTower Advisors
Illinois
$512K -$15.7K -272 -3%
WS
72
Wedbush Securities
California
$509K +$501K +8,703 New
EHPM
73
Emery Howard Portfolio Management
California
$492K +$3.69K +64 +0.8%
Stifel Financial
74
Stifel Financial
Missouri
$490K +$215K +3,735 +80%
FAIM
75
Financial Advocates Investment Management
Washington
$489K -$1.94M -33,642 -80%
1 2
3
4 5

CMF Hedge Fund Activity: Q4 2018 in Review

130 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2018, worth a combined $543M — down 5.7% from $576M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new CMF positions and 16 closed out — a net gain of 8 holders — while 41 added to existing stakes and 33 trimmed.

The largest buyer was Mission Wealth Management, adding an estimated $39.1M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $84.2M.

  • 130 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2018, up from 123 in Q3 2018.
  • Funds reported $543M of iShares California Muni Bond ETF stock for Q4 2018, down 5.7% quarter-over-quarter.
  • 24 funds opened new iShares California Muni Bond ETF positions in Q4 2018 and 16 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2018 was Mission Wealth Management, an estimated $39.1M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2018 was Charles Schwab Investment Advisory, an estimated $84.2M sold.

Based on aggregated 13F filings for Q4 2018.