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iShares California Muni Bond ETF
CMF

81 hedge funds and large institutions have $252M invested in iShares California Muni Bond ETF in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 84 → 81 (-3)

10% less capital invested

Capital invested by funds: $279M → $252M (-$27.4M)

10.6% less ownership

Funds ownership: 79.86% → 69.26% (-11%)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

30% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 30

Holders
81
Holders Change
-3
Holders Change %
-3.57%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
8
Increased
21
Reduced
30
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$7.76M
2
VKH
Virtu KCG Holdings
New York
+$5.77M
3
B
Bailard
California
+$2.21M
4
WP
WealthSource Partners
California
+$1.44M
5
Ameriprise
Ameriprise
Minnesota
+$1.24M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$15.2M
2
MWM
Mission Wealth Management
California
-$9.77M
3
FFA
First Foundation Advisors
California
-$5.93M
4
NFG
NewFocus Financial Group
Washington
-$5.25M
5
RBCM
Raub Brock Capital Management
California
-$3.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
76
Next Financial Group
Texas
$28K -$42.6K -738 -60%
SEI Investments
77
SEI Investments
Pennsylvania
$12K – – –
AF
78
Allworth Financial
California
$11K – – –
AIP
79
Ameritas Investment Partners
Nebraska
$11K – – –
BC
80
Bartlett & Co
Ohio
$9K – – –
NFG
81
NewFocus Financial Group
Washington
– -$5.25M -90,884 Closed
RBCM
82
Raub Brock Capital Management
California
– -$3.26M -56,510 Closed
Citadel Advisors
83
Citadel Advisors
Florida
– -$794K -13,758 Closed
PS
84
Portfolio Solutions
Michigan
– -$501K -8,672 Closed
MCM
85
Millie Capital Management
California
– -$383K -6,630 Closed
KSA
86
Ken Stern & Associates
California
– -$339K -5,874 Closed
CCM
87
Coldstream Capital Management
Washington
– -$200K -3,472 Closed
MBT
88
Montecito Bank & Trust
California
– -$87K -1,500 Closed
Manulife (Manufacturers Life Insurance)
89
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$40K -696 Closed
1 2 3
4

CMF Hedge Fund Activity: Q1 2017 in Review

81 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2017, worth a combined $252M — down 9.8% from $279M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of CMF and 8 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 21 added.

The largest buyer was Jane Street, opening a new position worth an estimated $7.76M. The largest seller was Bank of America, cutting an estimated $15.2M.

  • 81 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2017, down from 84 in Q4 2016.
  • Funds reported $252M of iShares California Muni Bond ETF stock for Q1 2017, down 9.8% quarter-over-quarter.
  • 8 funds opened new iShares California Muni Bond ETF positions in Q1 2017 and 9 closed out, a net change of -1 holder.
  • The largest iShares California Muni Bond ETF buyer in Q1 2017 was Jane Street, an estimated $7.76M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2017 was Bank of America, an estimated $15.2M sold.

Based on aggregated 13F filings for Q1 2017.