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iShares California Muni Bond ETF
CMF

219 hedge funds and large institutions have $1.6B invested in iShares California Muni Bond ETF in 2023 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 94 increasing their positions, 57 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 13

65% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 57

7% more funds holding

Funds holding: 205 → 219 (+14)

2.86% more ownership

Funds ownership: 70.66% → 73.51% (+2.9%)

2% more capital invested

Capital invested by funds: $1.58B → $1.6B (+$28M)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $691K

Holders
219
Holders Change
+14
Holders Change %
+6.83%
% of All Funds
3.48%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
29
Increased
94
Reduced
57
Closed
13
Calls
–
Puts
$691K
Net Calls
-$691K
Net Calls Change
-$9K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$87.6M
2
UBS Group
UBS Group
Switzerland
+$28.4M
3
EWA
EP Wealth Advisors
California
+$24.4M
4
Jane Street
Jane Street
New York
+$20M
5
JP Morgan Chase
JP Morgan Chase
New York
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$97.7M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$10.8M
3
SC
Slow Capital
California
-$10.8M
4
FCG
Financial Connections Group
California
-$10.6M
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$8.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
NL
51
Navalign LLC
California
$5.22M +$208K +3,706 +4%
RI
52
Rinkey Investments
California
$5.15M +$295K +5,247 +6%
LPAM
53
Lodestar Private Asset Management
California
$5.06M -$209K -3,721 -4%
PA
54
Parallel Advisors
California
$4.95M -$67.4K -1,199 -1%
BOS
55
Bank of Stockton
California
$4.93M +$1.72M +30,573 +51%
Deutsche Bank
56
Deutsche Bank
Germany
$4.53M – – –
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$4.13M +$1.25M +22,239 +42%
SIG
58
Spinnaker Investment Group
California
$3.99M -$102K -1,819 -2%
CCMI
59
Creative Capital Management Investments
California
$3.85M +$32.2K +572 +0.8%
FTUS
60
Flow Traders U.S.
New York
$3.73M +$3.82M +67,980 New
FCH
61
Freestone Capital Holdings
Washington
$3.7M +$445K +7,911 +13%
ACA
62
Affinity Capital Advisors
California
$3.7M +$461K +8,203 +14%
SW
63
SteelPeak Wealth
California
$3.56M -$434K -7,711 -11%
WT
64
Whittier Trust
California
$3.54M -$34.5K -613 -0.9%
HighTower Advisors
65
HighTower Advisors
Illinois
$3.3M +$220K +3,910 +7%
LNC
66
Lincoln National Corp
Pennsylvania
$3.29M +$376K +6,691 +13%
OFG
67
Omega Financial Group
California
$3.19M +$111K +1,980 +4%
WSWA
68
Warren Street Wealth Advisors
California
$3.09M -$73K -1,298 -2%
US Bancorp
69
US Bancorp
Minnesota
$3.04M -$4.39M -77,951 -58%
OMC
70
Old Mission Capital
Illinois
$2.92M +$2.99M +53,200 New
FCIM
71
Fairview Capital Investment Management
California
$2.79M -$568K -10,100 -17%
CWM
72
Certus Wealth Management
California
$2.74M +$1.11M +19,646 +65%
EWM
73
Elmwood Wealth Management
California
$2.71M +$2.78M +49,482 New
FAT
74
First American Trust
California
$2.71M +$136K +2,414 +5%
BIA
75
Bell Investment Advisors
California
$2.67M +$2.61M +46,418 +1,993%
1 2
3
4 5

CMF Hedge Fund Activity: Q3 2023 in Review

219 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2023, worth a combined $1.6B — up 1.8% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CMF positions and 13 closed out — a net gain of 16 holders — while 94 added to existing stakes and 57 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $87.6M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $97.7M.

  • 219 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2023, up from 205 in Q2 2023.
  • Funds reported $1.6B of iShares California Muni Bond ETF stock for Q3 2023, up 1.8% quarter-over-quarter.
  • 29 funds opened new iShares California Muni Bond ETF positions in Q3 2023 and 13 closed out, a net change of +16 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2023 was Fidelity Investments, an estimated $87.6M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2023 was Charles Schwab Investment Advisory, an estimated $97.7M sold.

Based on aggregated 13F filings for Q3 2023.