iShares California Muni Bond ETF
205 hedge funds and large institutions have $1.48B invested in iShares California Muni Bond ETF in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 81 increasing their positions, 57 reducing their positions, and 21 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 57
8% more capital invested
Capital invested by funds: $1.36B → $1.48B (+$115M)
3.19% more ownership
Funds ownership: 68.58% → 71.77% (+3.2%)
10% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 21
2% less funds holding
Funds holding: 209 → 205 (-4)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$148M |
| 2 |
LPL Financial
San Diego,
California
|
+$9.81M |
| 3 |
B
Bailard
Foster City,
California
|
+$7.81M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$7.55M |
| 5 |
CL
Choreo LLC
Rockford,
Illinois
|
+$6.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$39.4M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$36.5M |
| 3 |
EWA
EP Wealth Advisors
Torrance,
California
|
-$8.39M |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
-$6.33M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$3.94M |
CMF Hedge Fund Activity: Q1 2023 in Review
205 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2023, worth a combined $1.48B — up 8.5% from $1.36B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CMF positions and 21 closed out — a net gain of 2 holders — while 81 added to existing stakes and 57 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $148M. The largest seller was Bank of America, cutting an estimated $39.4M.
- 205 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2023, down from 209 in Q4 2022.
- Funds reported $1.48B of iShares California Muni Bond ETF stock for Q1 2023, up 8.5% quarter-over-quarter.
- 23 funds opened new iShares California Muni Bond ETF positions in Q1 2023 and 21 closed out, a net change of +2 holders.
- The largest iShares California Muni Bond ETF buyer in Q1 2023 was Charles Schwab Investment Advisory, an estimated $148M added.
- The largest iShares California Muni Bond ETF seller in Q1 2023 was Bank of America, an estimated $39.4M sold.
Based on aggregated 13F filings for Q1 2023.