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iShares California Muni Bond ETF
CMF

174 hedge funds and large institutions have $923M invested in iShares California Muni Bond ETF in 2020 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 69 increasing their positions, 44 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

57% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 44

30% more funds holding in top 10

Funds holding in top 10: 10 → 13 (+3)

27% more capital invested

Capital invested by funds: $727M → $923M (+$196M)

7% more funds holding

Funds holding: 162 → 174 (+12)

5.48% more ownership

Funds ownership: 54.66% → 60.14% (+5.5%)

Holders
174
Holders Change
+12
Holders Change %
+7.41%
% of All Funds
3.57%
Holding in Top 10
13
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+30%
% of All Funds
0.27%
New
23
Increased
69
Reduced
44
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$86.3M
2
Jane Street
Jane Street
New York
+$27.8M
3
BRWM
B. Riley Wealth Management
Tennessee
+$20.7M
4
NFG
NewFocus Financial Group
Washington
+$15.5M
5
Ameriprise
Ameriprise
Minnesota
+$11.3M

Top Sellers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
-$15.2M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.2M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$5.65M
4
Osaic Holdings
Osaic Holdings
Arizona
-$5.09M
5
MWM
Mission Wealth Management
California
-$4.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$1.91M -$9.13K -149 -0.5%
VCM
52
Vivaldi Capital Management
Illinois
$1.8M +$1.75M +28,519 New
LCAM
53
London & Capital Asset Management
United Kingdom
$1.72M – – –
GC
54
Garde Capital
Washington
$1.67M -$13.5K -220 -0.8%
FCIM
55
Fairview Capital Investment Management
California
$1.64M +$7.66K +125 +0.5%
EAM
56
Evanson Asset Management
California
$1.57M – – –
OWM
57
Opes Wealth Management
California
$1.55M +$1.53M +24,884 New
BCI
58
Brinker Capital Investments
Pennsylvania
$1.49M +$126K +2,050 +9%
WT
59
Whittier Trust
California
$1.4M +$713K +11,634 +106%
CCM
60
Covington Capital Management
California
$1.39M +$48.4K +790 +4%
EA
61
Elm Advisors
California
$1.36M -$1.41K -23 -0.1%
UCFA
62
United Capital Financial Advisors
Texas
$1.35M +$184K +3,006 +16%
Stifel Financial
63
Stifel Financial
Missouri
$1.31M +$253K +4,134 +24%
HWA
64
HCR Wealth Advisors
California
$1.27M +$44.6K +728 +4%
TCPWM
65
Traverso Chambers Private Wealth Management
California
$1.25M +$18.3K +299 +2%
SWRP
66
Summit Wealth & Retirement Planning
California
$1.25M -$110K -1,800 -8%
CT
67
Columbia Trust
Oregon
$1.24M -$73.6K -1,200 -6%
VWA
68
VERITY Wealth Advisors
United States
$1.17M – – –
BOTW
69
Bank of the West
California
$1.16M -$58.5K -954 -5%
BPA
70
Beacon Pointe Advisors
California
$1.15M +$1.14M +18,560 New
JP Morgan Chase
71
JP Morgan Chase
New York
$1.07M -$457K -7,452 -30%
HighTower Advisors
72
HighTower Advisors
Illinois
$1.04M +$306K +4,996 +42%
AWS
73
AJ Wealth Strategies
New York
$1.02M – – –
G
74
GenTrust
Florida
$960K +$947K +15,445 New
COF
75
Capital One Financial
Virginia
$897K – – –
1 2
3
4 5

CMF Hedge Fund Activity: Q2 2020 in Review

174 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2020, worth a combined $923M — up 27% from $727M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new CMF positions and 10 closed out — a net gain of 13 holders — while 69 added to existing stakes and 44 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $86.3M. The largest seller was Miracle Mile Advisors, cutting an estimated $15.2M.

  • 174 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2020, up from 162 in Q1 2020.
  • Funds reported $923M of iShares California Muni Bond ETF stock for Q2 2020, up 27% quarter-over-quarter.
  • 23 funds opened new iShares California Muni Bond ETF positions in Q2 2020 and 10 closed out, a net change of +13 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2020 was Charles Schwab Investment Advisory, an estimated $86.3M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2020 was Miracle Mile Advisors, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2020.