We are live on ! Find out more
CMF icon

iShares California Muni Bond ETF
CMF

307 hedge funds and large institutions have $2.96B invested in iShares California Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 112 increasing their positions, 109 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 19

25% more funds holding in top 10

Funds holding in top 10: 16 → 20 (+4)

2% more funds holding

Funds holding: 300 → 307 (+7)

3% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 109

1% more capital invested

Capital invested by funds: $2.93B → $2.96B (+$33.6M)

1.94% less ownership

Funds ownership: 80.61% → 78.66% (-1.9%)

Holders
307
Holders Change
+7
Holders Change %
+2.33%
% of All Funds
4.12%
Holding in Top 10
20
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+25%
% of All Funds
0.27%
New
31
Increased
112
Reduced
109
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealthfront Advisers
Wealthfront Advisers
California
+$121M
2
SC
Syon Capital
California
+$76.5M
3
Jane Street
Jane Street
New York
+$58.6M
4
OGF
Orin Green Financial
California
+$20.8M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$14M

Top Sellers

Rank Fund Capital Flow
1
Charles Schwab
Charles Schwab
California
-$41.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$40.2M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$35.3M
4
APM
a16z Perennial Management
California
-$23.9M
5
Bank of America
Bank of America
North Carolina
-$22.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
76
Guggenheim Capital
Illinois
$4.12M +$1.34M +23,639 +48%
VA
77
Valmark Advisers
Ohio
$3.97M +$631K +11,102 +19%
FCH
78
Freestone Capital Holdings
Washington
$3.88M +$126K +2,218 +3%
CCWA
79
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$3.83M +$648K +11,401 +20%
EWM
80
Elmwood Wealth Management
California
$3.67M -$1.42K -25 -0%
MML Investors Services
81
MML Investors Services
Massachusetts
$3.65M -$576K -10,138 -14%
SFFS
82
Stonehage Fleming Financial Services
Jersey
$3.63M +$2.1M +36,938 +134%
LPAM
83
Lodestar Private Asset Management
California
$3.63M -$443K -7,791 -11%
WA
84
Westfuller Advisors
New York
$3.63M -$398 -7 -0%
AAS
85
Avantax Advisory Services
Texas
$3.38M +$357K +6,283 +12%
US Bancorp
86
US Bancorp
Minnesota
$3.36M +$181K +3,192 +6%
WANY
87
Wealthspire Advisors (New York)
New York
$3.33M +$2.03M +35,677 +151%
WSWA
88
Warren Street Wealth Advisors
California
$3.16M -$65.1K -1,146 -2%
AFG
89
Atomi Financial Group
New York
$3.14M +$57.9K +1,019 +2%
TC
90
TownSquare Capital
Utah
$3.13M -$65.1K -1,146 -2%
SW
91
SteelPeak Wealth
California
$3.12M -$63.9K -1,124 -2%
HighTower Advisors
92
HighTower Advisors
Illinois
$3.07M +$668K +11,747 +27%
BOC
93
Blue Oak Capital
California
$3.02M +$1.98M +34,864 +186%
WT
94
Whittier Trust
California
$2.97M -$751K -13,220 -20%
CCMI
95
Creative Capital Management Investments
California
$2.85M -$286K -5,039 -9%
GAM
96
Gould Asset Management
California
$2.75M +$88.1K +1,550 +3%
HWMC
97
Heritage Wealth Management (California)
California
$2.74M +$51.5K +907 +2%
GS
98
GWN Securities
Florida
$2.74M +$2.8M +49,297 New
DC
99
DeDora Capital
California
$2.57M +$283K +4,972 +12%
SA
100
Sanctuary Advisors
Indiana
$2.56M -$2.17M -38,247 -46%
2 3
4
5 6

CMF Hedge Fund Activity: Q1 2025 in Review

307 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2025, worth a combined $2.96B — up 1.1% from $2.93B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CMF positions and 19 closed out — a net gain of 12 holders — while 112 added to existing stakes and 109 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $121M. The largest seller was Charles Schwab, cutting an estimated $41.7M.

  • 307 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2025, up from 300 in Q4 2024.
  • Funds reported $2.96B of iShares California Muni Bond ETF stock for Q1 2025, up 1.1% quarter-over-quarter.
  • 31 funds opened new iShares California Muni Bond ETF positions in Q1 2025 and 19 closed out, a net change of +12 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2025 was Wealthfront Advisers, an estimated $121M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2025 was Charles Schwab, an estimated $41.7M sold.

Based on aggregated 13F filings for Q1 2025.