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iShares California Muni Bond ETF
CMF

112 hedge funds and large institutions have $356M invested in iShares California Muni Bond ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 21

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

19% more capital invested

Capital invested by funds: $300M → $356M (+$56.6M)

3.41% more ownership

Funds ownership: 35.83% → 39.24% (+3.4%)

2% more funds holding

Funds holding: 110 → 112 (+2)

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% of All Funds
2.57%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
12
Increased
47
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$29.2M
2
CSIA
Charles Schwab Investment Advisory
California
+$19.3M
3
FI
FormulaFolio Investments
Michigan
+$4.15M
4
Morgan Stanley
Morgan Stanley
New York
+$2.52M
5
B
Bailard
California
+$2.05M

Top Sellers

Rank Fund Capital Flow
1
BTS
BB&T Securities
Virginia
-$3.28M
2
Principal Financial Group
Principal Financial Group
Iowa
-$3.02M
3
Mariner
Mariner
Kansas
-$1.89M
4
Goldman Sachs
Goldman Sachs
New York
-$1.27M
5
UBS Group
UBS Group
Switzerland
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCA
76
Personal Capital Advisors
California
$304K +$42.9K +734 +16%
ERIM
77
Eagle Ridge Investment Management
Connecticut
$296K +$3.16K +54 +1%
Manulife (Manufacturers Life Insurance)
78
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$293K – – –
LGWM
79
Litman Gregory Wealth Management
California
$290K – – –
AG
80
Advisor Group
Arizona
$286K -$270K -4,619 -49%
Stifel Financial
81
Stifel Financial
Missouri
$273K -$11.7K -200 -4%
TWM
82
Titus Wealth Management
California
$264K +$264K +4,519 New
UCFA
83
United Capital Financial Advisors
Texas
$263K +$264K +4,510 New
SCG
84
Sonata Capital Group
Washington
$255K – – –
ACA
85
Atlas Capital Advisors
Wyoming
$250K +$251K +4,289 New
CCM
86
Coe Capital Management
Illinois
$231K – – –
BCI
87
Brinker Capital Investments
Pennsylvania
$225K -$50.5K -863 -18%
SWP
88
Stratos Wealth Partners
Ohio
$182K +$38.9K +666 +27%
SPIA
89
Steward Partners Investment Advisory
New York
$180K +$11.1K +190 +7%
US Bancorp
90
US Bancorp
Minnesota
$174K +$65K +1,112 +60%
WIM
91
Westside Investment Management
California
$173K -$95.2K -1,628 -35%
GRP
92
Global Retirement Partners
California
$163K – – –
PA
93
Parallel Advisors
California
$162K +$17.5K +300 +12%
PWM
94
Perigon Wealth Management
California
$132K +$93K +1,590 +238%
Northwestern Mutual Wealth Management
95
Northwestern Mutual Wealth Management
Wisconsin
$76K -$261K -4,456 -77%
APA
96
American Portfolios Advisors
New York
$70K – – –
SFSIG
97
San Francisco Sentry Investment Group
California
$69K +$50.6K +865 +266%
FC
98
Ferris Capital
Massachusetts
$55K +$55.5K +950 New
RFA
99
Reilly Financial Advisors
California
$53K – – –
GI
100
Gradient Investments
Minnesota
$51K – – –
1 2 3
4
5

CMF Hedge Fund Activity: Q1 2018 in Review

112 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2018, worth a combined $356M — up 19% from $300M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 47 added to existing stakes and 21 trimmed.

The largest buyer was Miracle Mile Advisors, adding an estimated $29.2M. The largest seller was BB&T Securities, exiting entirely with an estimated $3.28M sold.

  • 112 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2018, up from 110 in Q4 2017.
  • Funds reported $356M of iShares California Muni Bond ETF stock for Q1 2018, up 19% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q1 2018 and 9 closed out, a net change of +3 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2018 was Miracle Mile Advisors, an estimated $29.2M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2018 was BB&T Securities, an estimated $3.28M sold.

Based on aggregated 13F filings for Q1 2018.