iShares California Muni Bond ETF
130 hedge funds and large institutions have $543M invested in iShares California Muni Bond ETF in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 16 closing their positions.
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
24% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 33
6% more funds holding
Funds holding: 123 → 130 (+7)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1.19% less ownership
Funds ownership: 52.31% → 51.12% (-1.2%)
6% less capital invested
Capital invested by funds: $576M → $543M (-$32.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
+$39.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$25.9M |
| 3 |
PS
Portfolio Solutions
Royal Oak,
Michigan
|
+$5.15M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.72M |
| 5 |
Morgan Stanley
New York
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$84.2M |
| 2 |
BlackRock
New York
|
-$29.1M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$10.5M |
| 4 |
RMC
Regis Management Company
Menlo Park,
California
|
-$3.33M |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$1.94M |
CMF Hedge Fund Activity: Q4 2018 in Review
130 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2018, worth a combined $543M — down 5.7% from $576M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CMF positions and 16 closed out — a net gain of 8 holders — while 41 added to existing stakes and 33 trimmed.
The largest buyer was Mission Wealth Management, adding an estimated $39.1M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $84.2M.
- 130 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2018, up from 123 in Q3 2018.
- Funds reported $543M of iShares California Muni Bond ETF stock for Q4 2018, down 5.7% quarter-over-quarter.
- 24 funds opened new iShares California Muni Bond ETF positions in Q4 2018 and 16 closed out, a net change of +8 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2018 was Mission Wealth Management, an estimated $39.1M added.
- The largest iShares California Muni Bond ETF seller in Q4 2018 was Charles Schwab Investment Advisory, an estimated $84.2M sold.
Based on aggregated 13F filings for Q4 2018.