iShares California Muni Bond ETF
110 hedge funds and large institutions have $300M invested in iShares California Muni Bond ETF in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 10 closing their positions.
190% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 10
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
21% more funds holding
Funds holding: 91 → 110 (+19)
5% more capital invested
Capital invested by funds: $285M → $300M (+$15M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
35.55% less ownership
Funds ownership: 71.38% → 35.83% (-36%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$6.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.15M |
| 3 |
Morgan Stanley
New York
|
+$3.08M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.92M |
| 5 |
Mariner
Overland Park,
Kansas
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFA
Pure Financial Advisors
San Diego,
California
|
-$8.1M |
| 2 |
Jane Street
New York
|
-$4.24M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.22M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$1.95M |
| 5 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$1.72M |
CMF Hedge Fund Activity: Q4 2017 in Review
110 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2017, worth a combined $300M — up 5.3% from $285M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CMF positions and 10 closed out — a net gain of 19 holders — while 36 added to existing stakes and 23 trimmed.
The largest buyer was Bank of America, adding an estimated $6.8M. The largest seller was Pure Financial Advisors, exiting entirely with an estimated $8.1M sold.
- 110 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2017, up from 91 in Q3 2017.
- Funds reported $300M of iShares California Muni Bond ETF stock for Q4 2017, up 5.3% quarter-over-quarter.
- 29 funds opened new iShares California Muni Bond ETF positions in Q4 2017 and 10 closed out, a net change of +19 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2017 was Bank of America, an estimated $6.8M added.
- The largest iShares California Muni Bond ETF seller in Q4 2017 was Pure Financial Advisors, an estimated $8.1M sold.
Based on aggregated 13F filings for Q4 2017.