iShares California Muni Bond ETF
349 hedge funds and large institutions have $2.87B invested in iShares California Muni Bond ETF in 2026 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 158 increasing their positions, 89 reducing their positions, and 21 closing their positions.
90% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 21
78% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 89
6% more capital invested
Capital invested by funds: $2.71B → $2.87B (+$155M)
4% more funds holding
Funds holding: 336 → 349 (+13)
1.72% less ownership
Funds ownership: 71.65% → 69.93% (-1.7%)
7% less funds holding in top 10
Funds holding in top 10: 14 → 13 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
+$62.9M |
| 2 |
BlackRock
New York
|
+$37.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$27.6M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$17.1M |
| 5 |
SC
Syon Capital
San Francisco,
California
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$37.7M |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$20.7M |
| 3 |
B
Bailard
Foster City,
California
|
-$11.8M |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$11.3M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.9M |
CMF Hedge Fund Activity: Q1 2026 in Review
349 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2026, worth a combined $2.87B — up 5.7% from $2.71B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CMF positions and 21 closed out — a net gain of 19 holders — while 158 added to existing stakes and 89 trimmed.
The largest buyer was Wealthfront Advisers, adding an estimated $62.9M. The largest seller was TIAA Trust, National Association, cutting an estimated $37.7M.
- 349 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2026, up from 336 in Q4 2025.
- Funds reported $2.87B of iShares California Muni Bond ETF stock for Q1 2026, up 5.7% quarter-over-quarter.
- 40 funds opened new iShares California Muni Bond ETF positions in Q1 2026 and 21 closed out, a net change of +19 holders.
- The largest iShares California Muni Bond ETF buyer in Q1 2026 was Wealthfront Advisers, an estimated $62.9M added.
- The largest iShares California Muni Bond ETF seller in Q1 2026 was TIAA Trust, National Association, an estimated $37.7M sold.
Based on aggregated 13F filings for Q1 2026.