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iShares California Muni Bond ETF
CMF

175 hedge funds and large institutions have $935M invested in iShares California Muni Bond ETF in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 75 increasing their positions, 40 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 40

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

1% more capital invested

Capital invested by funds: $923M → $935M (+$12.5M)

1% more funds holding

Funds holding: 174 → 175 (+1)

1.93% less ownership

Funds ownership: 60.14% → 58.21% (-1.9%)

15% less funds holding in top 10

Funds holding in top 10: 13 → 11 (-2)

Holders
175
Holders Change
+1
Holders Change %
+0.57%
% of All Funds
3.53%
Holding in Top 10
11
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-15.38%
% of All Funds
0.22%
New
12
Increased
75
Reduced
40
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$15.3M
2
CCFM
Clear Creek Financial Management
Washington
+$14.1M
3
LPL Financial
LPL Financial
California
+$7.1M
4
Morgan Stanley
Morgan Stanley
New York
+$6.86M
5
AssetMark Inc
AssetMark Inc
California
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$21.3M
2
BRWM
B. Riley Wealth Management
Tennessee
-$21M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$15.9M
4
Goldman Sachs
Goldman Sachs
New York
-$10.9M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAG
76
Curtis Advisory Group
California
$1.01M +$543K +8,676 +116%
HighTower Advisors
77
HighTower Advisors
Illinois
$987K -$60.6K -969 -6%
Fisher Asset Management
78
Fisher Asset Management
Washington
$935K +$117K +1,863 +14%
EWM
79
Empirical Wealth Management
Washington
$919K +$358K +5,725 +64%
JP Morgan Chase
80
JP Morgan Chase
New York
$903K -$170K -2,715 -16%
COF
81
Capital One Financial
Virginia
$901K – – –
Stifel Financial
82
Stifel Financial
Missouri
$863K -$453K -7,240 -34%
RF
83
RHS Financial
California
$836K +$32.3K +516 +4%
CCM
84
Covington Capital Management
California
$827K -$570K -9,111 -41%
WA
85
Winfield Associates
Ohio
$802K +$113K +1,800 +16%
MWM
86
McNaughton Wealth Management
California
$797K +$8.51K +136 +1%
AC
87
Apella Capital
Connecticut
$705K +$45.6K +728 +7%
KWM
88
Kingsview Wealth Management
Oregon
$678K -$198K -3,164 -23%
WCG
89
Weaver Consulting Group
California
$665K +$8.57K +137 +1%
FAAS
90
First Allied Advisory Services
California
$650K – – –
PAS
91
Partnervest Advisory Services
California
$647K +$6.01K +96 +0.9%
CL
92
Choreo LLC
Illinois
$640K +$642K +10,260 New
CPSC
93
Carl P. Sherr & Co
Massachusetts
$603K +$118K +1,880 +24%
AllianceBernstein
94
AllianceBernstein
Tennessee
$574K +$299K +4,777 +108%
ACA
95
Atlas Capital Advisors
Wyoming
$574K +$106K +1,693 +23%
BA
96
Bristlecone Advisors
Washington
$563K +$10K +160 +2%
PCTC
97
Perkins Coie Trust Company
Washington
$562K – – –
FAT
98
First American Trust
California
$557K +$559K +8,935 New
FC
99
FCA Corp
Texas
$553K – – –
LGWM
100
Litman Gregory Wealth Management
California
$547K -$35K -560 -6%
2 3
4
5 6

CMF Hedge Fund Activity: Q3 2020 in Review

175 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2020, worth a combined $935M — up 1.4% from $923M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 75 added to existing stakes and 40 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $15.3M. The largest seller was Jane Street, cutting an estimated $21.3M.

  • 175 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2020, up from 174 in Q2 2020.
  • Funds reported $935M of iShares California Muni Bond ETF stock for Q3 2020, up 1.4% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q3 2020 and 9 closed out, a net change of +3 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2020 was Charles Schwab Investment Advisory, an estimated $15.3M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2020 was Jane Street, an estimated $21.3M sold.

Based on aggregated 13F filings for Q3 2020.