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iShares California Muni Bond ETF

318 hedge funds and large institutions have $2.7B invested in iShares California Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 115 increasing their positions, 115 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

4% more funds holding

Funds holding: 307318 (+11)

0% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 115

3.25% less ownership

Funds ownership: 78.66%75.42% (-3.2%)

9% less capital invested

Capital invested by funds: $2.96B → $2.7B (-$260M)

20% less funds holding in top 10

Funds holding in top 10: 2016 (-4)

Holders
318
Holders Change
+11
Holders Change %
+3.58%
% of All Funds
4.19%
Holding in Top 10
16
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-20%
% of All Funds
0.21%
New
37
Increased
115
Reduced
115
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CWM
51
Certus Wealth Management
California
$7.92M -$56 -1 -0%
Raymond James Financial
52
Raymond James Financial
Florida
$7.3M -$2.75M -49,544 -27%
Bank of Montreal
53
Bank of Montreal
Ontario, Canada
$6.96M -$5.54M -99,701 -44%
Carson Wealth (CWM LLC)
54
Carson Wealth (CWM LLC)
Nebraska
$6.87M +$948K +17,070 +16%
GC
55
Guggenheim Capital
Illinois
$6.76M +$2.67M +48,038 +66%
Kayne Anderson Rudnick Investment Management
56
Kayne Anderson Rudnick Investment Management
California
$6.75M -$36.4K -655 -0.5%
GC
57
Garde Capital
Washington
$6.63M -$185K -3,331 -3%
NA
58
NewEdge Advisors
Louisiana
$6.49M -$461K -8,306 -7%
MMA
59
Miracle Mile Advisors
California
$6.49M -$188K -3,394 -3%
OIA
60
OneDigital Investment Advisors
Kansas
$6.22M -$3.03M -54,511 -33%
BPA
61
Beacon Pointe Advisors
California
$6.2M +$325K +5,856 +6%
Goldman Sachs
62
Goldman Sachs
New York
$5.62M +$5.26M +94,664 +1,522%
SAM
63
Strive Asset Management
Ohio
$5.61M
NL
64
NDWM LLC
California
$5.38M +$2.94M +52,893 +121%
FAT
65
First American Trust
California
$5.33M +$389K +7,009 +8%
CFC
66
Client First Capital
California
$5.16M
SHGA
67
Sand Hill Global Advisors
California
$4.98M +$4.96M +89,315 New
Northwestern Mutual Wealth Management
68
Northwestern Mutual Wealth Management
Wisconsin
$4.9M -$1.78M -31,978 -27%
EFG
69
Ehrlich Financial Group
California
$4.83M -$71.2K -1,283 -1%
CCWA
70
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$4.77M +$970K +17,467 +26%
MML Investors Services
71
MML Investors Services
Massachusetts
$4.74M +$1.12M +20,098 +31%
AAS
72
Avantax Advisory Services
Texas
$4.48M +$1.13M +20,383 +34%
MWM
73
Mission Wealth Management
California
$4.48M -$1.04M -18,716 -19%
Deutsche Bank
74
Deutsche Bank
Germany
$4.48M -$1.99M -35,770 -31%
SOWAS
75
Silver Oak Wealth Advisors Services
California
$4.43M +$3.08M +55,410 +230%

CMF Hedge Fund Activity: Q2 2025 in Review

318 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2025, worth a combined $2.7B — down 8.8% from $2.96B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CMF positions and 23 closed out — a net gain of 14 holders — while 115 added to existing stakes and 115 trimmed.

The largest buyer was Jane Street, adding an estimated $42.2M. The largest seller was Charles Schwab, cutting an estimated $141M.

  • 318 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2025, up from 307 in Q1 2025.
  • Funds reported $2.7B of iShares California Muni Bond ETF stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 37 funds opened new iShares California Muni Bond ETF positions in Q2 2025 and 23 closed out, a net change of +14 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2025 was Jane Street, an estimated $42.2M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $141M sold.

Based on aggregated 13F filings for Q2 2025.