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iShares California Muni Bond ETF

318 hedge funds and large institutions have $2.7B invested in iShares California Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 115 increasing their positions, 115 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

4% more funds holding

Funds holding: 307318 (+11)

0% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 115

3.25% less ownership

Funds ownership: 78.66%75.42% (-3.2%)

9% less capital invested

Capital invested by funds: $2.96B → $2.7B (-$260M)

20% less funds holding in top 10

Funds holding in top 10: 2016 (-4)

Holders
318
Holders Change
+11
Holders Change %
+3.58%
% of All Funds
4.19%
Holding in Top 10
16
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-20%
% of All Funds
0.21%
New
37
Increased
115
Reduced
115
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
TW
76
Traveka Wealth
California
$4.2M -$153K -2,749 -4%
CL
77
Choreo LLC
Illinois
$4.19M -$1.36M -24,470 -25%
OFG
78
Omega Financial Group
California
$4.18M +$56 +1 +0%
PCIA
79
Prime Capital Investment Advisors
Kansas
$4.09M -$587K -10,581 -13%
BOS
80
Bank of Stockton
California
$4.06M -$218K -3,924 -5%
FCH
81
Freestone Capital Holdings
Washington
$3.98M +$145K +2,604 +4%
VA
82
Valmark Advisers
Ohio
$3.94M +$4.5K +81 +0.1%
AFG
83
Atomi Financial Group
New York
$3.75M +$636K +11,460 +21%
US Bancorp
84
US Bancorp
Minnesota
$3.72M +$399K +7,184 +12%
EWM
85
Elmwood Wealth Management
California
$3.69M +$56.1K +1,010 +2%
STA
86
Summit Trail Advisors
New York
$3.66M +$3.65M +65,718 New
RIG
87
RiverFront Investment Group
Virginia
$3.61M +$1.2M +21,556 +50%
SFFS
88
Stonehage Fleming Financial Services
Jersey
$3.6M
WA
89
Westfuller Advisors
New York
$3.59M +$555 +10 +0%
Jones Financial Companies
90
Jones Financial Companies
Missouri
$3.57M +$1.81M +32,585 +103%
HighTower Advisors
91
HighTower Advisors
Illinois
$3.5M +$463K +8,342 +15%
UB
92
Umpqua Bank
Oregon
$3.39M +$1.37M +24,600 +67%
LPAM
93
Lodestar Private Asset Management
California
$3.38M -$216K -3,882 -6%
SW
94
SteelPeak Wealth
California
$3.34M +$245K +4,410 +8%
WSWA
95
Warren Street Wealth Advisors
California
$3.15M +$25.3K +455 +0.8%
WT
96
Whittier Trust
California
$3.08M +$137K +2,468 +5%
AC
97
Apella Capital
Connecticut
$3.06M +$687K +12,370 +29%
Comerica Bank
98
Comerica Bank
Texas
$3.04M +$1.85M +33,333 +157%
OCM
99
One Capital Management
California
$2.96M +$869K +15,652 +42%
BOC
100
Blue Oak Capital
California
$2.85M -$141K -2,532 -5%

CMF Hedge Fund Activity: Q2 2025 in Review

318 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2025, worth a combined $2.7B — down 8.8% from $2.96B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CMF positions and 23 closed out — a net gain of 14 holders — while 115 added to existing stakes and 115 trimmed.

The largest buyer was Jane Street, adding an estimated $42.2M. The largest seller was Charles Schwab, cutting an estimated $141M.

  • 318 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2025, up from 307 in Q1 2025.
  • Funds reported $2.7B of iShares California Muni Bond ETF stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 37 funds opened new iShares California Muni Bond ETF positions in Q2 2025 and 23 closed out, a net change of +14 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2025 was Jane Street, an estimated $42.2M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $141M sold.

Based on aggregated 13F filings for Q2 2025.