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iShares California Muni Bond ETF
CMF

146 hedge funds and large institutions have $730M invested in iShares California Muni Bond ETF in 2019 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 59 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

260% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 5

111% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 28

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

12% more capital invested

Capital invested by funds: $653M → $730M (+$77.6M)

8% more funds holding

Funds holding: 135 → 146 (+11)

0.98% more ownership

Funds ownership: 52.35% → 53.33% (+0.98%)

Holders
146
Holders Change
+11
Holders Change %
+8.15%
% of All Funds
3.2%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.13%
New
18
Increased
59
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$18.3M
2
MMA
Miracle Mile Advisors
California
+$16.3M
3
Principal Financial Group
Principal Financial Group
Iowa
+$9.55M
4
Jane Street
Jane Street
New York
+$6.9M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$2.87M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$1.97M
2
UBS Group
UBS Group
Switzerland
-$1.96M
3
GSWM
Golden State Wealth Management
California
-$1.59M
4
MWM
Mission Wealth Management
California
-$1.24M
5
PFA
Pure Financial Advisors
California
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
VWA
51
VERITY Wealth Advisors
United States
$1.15M +$2.88K +47 +0.3%
RF
52
RHS Financial
California
$1.12M -$108K -1,762 -9%
LCAM
53
London & Capital Asset Management
United Kingdom
$1.11M +$60.3K +985 +6%
UCFA
54
United Capital Financial Advisors
Texas
$1.1M +$52.3K +854 +5%
BRWM
55
B. Riley Wealth Management
Tennessee
$1.06M – – –
HWA
56
HCR Wealth Advisors
California
$1.02M +$24.5K +400 +2%
MAFM
57
Mid Atlantic Financial Management
Pennsylvania
$986K +$198K +3,236 +25%
NFG
58
NewFocus Financial Group
Washington
$940K – – –
LGWM
59
Litman Gregory Wealth Management
California
$940K +$59.4K +970 +7%
KWM
60
Kingsview Wealth Management
Oregon
$936K -$6.12K -100 -0.7%
BCI
61
Brinker Capital Investments
Pennsylvania
$931K -$8.88K -145 -0.9%
MML Investors Services
62
MML Investors Services
Massachusetts
$862K +$861K +14,064 New
LTFS
63
Ladenburg Thalmann Financial Services
Florida
$848K +$137K +2,230 +19%
LNC
64
Lincoln National Corp
Pennsylvania
$841K -$6.98K -114 -0.8%
MA
65
MUFG Americas
New York
$749K – – –
Fisher Asset Management
66
Fisher Asset Management
Washington
$732K -$21.6K -353 -3%
PCA
67
Personal Capital Advisors
California
$684K +$66.7K +1,089 +11%
WT
68
Whittier Trust
California
$670K – – –
RJFSA
69
Raymond James Financial Services Advisors
Florida
$664K -$110K -1,803 -14%
FAAS
70
First Allied Advisory Services
California
$651K – – –
Stifel Financial
71
Stifel Financial
Missouri
$650K +$117K +1,911 +22%
PAS
72
Partnervest Advisory Services
California
$631K +$156K +2,554 +33%
HighTower Advisors
73
HighTower Advisors
Illinois
$624K -$98.9K -1,615 -14%
CCM
74
Coe Capital Management
Illinois
$621K – – –
FCA
75
FLC Capital Advisors
California
$617K – – –
1 2
3
4 5

CMF Hedge Fund Activity: Q3 2019 in Review

146 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2019, worth a combined $730M — up 12% from $653M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new CMF positions and 5 closed out — a net gain of 13 holders — while 59 added to existing stakes and 28 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $18.3M. The largest seller was Renaissance Technologies, cutting an estimated $1.97M.

  • 146 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2019, up from 135 in Q2 2019.
  • Funds reported $730M of iShares California Muni Bond ETF stock for Q3 2019, up 12% quarter-over-quarter.
  • 18 funds opened new iShares California Muni Bond ETF positions in Q3 2019 and 5 closed out, a net change of +13 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2019 was Charles Schwab Investment Advisory, an estimated $18.3M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2019 was Renaissance Technologies, an estimated $1.97M sold.

Based on aggregated 13F filings for Q3 2019.