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iShares California Muni Bond ETF
CMF

349 hedge funds and large institutions have $2.87B invested in iShares California Muni Bond ETF in 2026 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 158 increasing their positions, 89 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 21

78% more repeat investments, than reductions

Existing positions increased: 158 | Existing positions reduced: 89

6% more capital invested

Capital invested by funds: $2.71B → $2.87B (+$155M)

4% more funds holding

Funds holding: 336 → 349 (+13)

1.72% less ownership

Funds ownership: 71.65% → 69.93% (-1.7%)

7% less funds holding in top 10

Funds holding in top 10: 14 → 13 (-1)

Holders
349
Holders Change
+13
Holders Change %
+3.87%
% of All Funds
4.29%
Holding in Top 10
13
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.14%
% of All Funds
0.16%
New
40
Increased
158
Reduced
89
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealthfront Advisers
Wealthfront Advisers
California
+$62.9M
2
BlackRock
BlackRock
New York
+$37.2M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$27.6M
4
BPA
Beacon Pointe Advisors
California
+$17.1M
5
SC
Syon Capital
California
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
-$37.7M
2
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
-$20.7M
3
B
Bailard
California
-$11.8M
4
AWM
Axxcess Wealth Management
California
-$11.3M
5
Osaic Holdings
Osaic Holdings
Arizona
-$5.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
BRPW
76
Ballast Rock Private Wealth
South Carolina
$4.81M +$2.56M +44,403 +111%
GKWIM
77
Gerber Kawasaki Wealth & Investment Management
California
$4.75M +$2.45M +42,392 +103%
UB
78
Umpqua Bank
Oregon
$4.63M +$34.6K +600 +0.7%
VA
79
Valmark Advisers
Ohio
$4.59M +$1.41M +24,382 +43%
EWM
80
Elmwood Wealth Management
California
$4.43M +$570K +9,876 +15%
PCIA
81
Prime Capital Investment Advisors
Kansas
$4.31M +$108K +1,873 +3%
IAN
82
Integrated Advisors Network
Texas
$4.23M +$4.3M +74,459 New
CL
83
Choreo LLC
Illinois
$4.18M -$82.4K -1,428 -2%
OSAM
84
O'Shaughnessy Asset Management
Connecticut
$4.03M +$516K +8,946 +14%
Fifth Third Bancorp
85
Fifth Third Bancorp
Ohio
$3.98M +$4.04M +70,004 New
SHGA
86
Sand Hill Global Advisors
California
$3.98M -$308K -5,336 -7%
MWM
87
Mission Wealth Management
California
$3.95M -$286K -4,953 -7%
WA
88
Westfuller Advisors
New York
$3.93M +$210K +3,643 +6%
EFG
89
Ehrlich Financial Group
California
$3.9M -$21.4K -371 -0.5%
SOWAS
90
Silver Oak Wealth Advisors Services
California
$3.78M -$1.5M -25,921 -28%
STA
91
Summit Trail Advisors
New York
$3.74M – – –
OCM
92
One Capital Management
California
$3.56M +$486K +8,422 +16%
OFG
93
Omega Financial Group
California
$3.54M -$306K -5,305 -8%
Stifel Financial
94
Stifel Financial
Missouri
$3.52M +$678K +11,760 +23%
QCM
95
Quantinno Capital Management
New York
$3.13M +$421K +7,299 +15%
WSWA
96
Warren Street Wealth Advisors
California
$3.12M +$24.7K +428 +0.8%
LPAM
97
Lodestar Private Asset Management
California
$3.1M +$60.3K +1,046 +2%
WT
98
Whittier Trust
California
$3.1M +$30.6K +530 +1%
Osaic Holdings
99
Osaic Holdings
Arizona
$3.06M -$5.9M -102,299 -66%
HWMC
100
Heritage Wealth Management (California)
California
$3.04M +$253K +4,391 +9%
2 3
4
5 6

CMF Hedge Fund Activity: Q1 2026 in Review

349 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2026, worth a combined $2.87B — up 5.7% from $2.71B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new CMF positions and 21 closed out — a net gain of 19 holders — while 158 added to existing stakes and 89 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $62.9M. The largest seller was TIAA Trust, National Association, cutting an estimated $37.7M.

  • 349 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2026, up from 336 in Q4 2025.
  • Funds reported $2.87B of iShares California Muni Bond ETF stock for Q1 2026, up 5.7% quarter-over-quarter.
  • 40 funds opened new iShares California Muni Bond ETF positions in Q1 2026 and 21 closed out, a net change of +19 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2026 was Wealthfront Advisers, an estimated $62.9M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2026 was TIAA Trust, National Association, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2026.