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iShares California Muni Bond ETF
CMF

130 hedge funds and large institutions have $543M invested in iShares California Muni Bond ETF in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

6% more funds holding

Funds holding: 123 → 130 (+7)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

1.19% less ownership

Funds ownership: 52.31% → 51.12% (-1.2%)

6% less capital invested

Capital invested by funds: $576M → $543M (-$32.8M)

Holders
130
Holders Change
+7
Holders Change %
+5.69%
% of All Funds
2.9%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
24
Increased
41
Reduced
33
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWM
Mission Wealth Management
California
+$39.1M
2
Bank of America
Bank of America
North Carolina
+$25.9M
3
PS
Portfolio Solutions
Michigan
+$5.15M
4
UBS Group
UBS Group
Switzerland
+$3.72M
5
Morgan Stanley
Morgan Stanley
New York
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$84.2M
2
BlackRock
BlackRock
New York
-$29.1M
3
MMA
Miracle Mile Advisors
California
-$10.5M
4
RMC
Regis Management Company
California
-$3.33M
5
FAIM
Financial Advocates Investment Management
Washington
-$1.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
101
Calton & Associates
Florida
$266K +$262K +4,555 New
BOS
102
Bank of Stockton
California
$221K – – –
FAN
103
Financial Advisors Network
California
$206K +$203K +3,521 New
OA
104
Opes Advisors
California
$201K +$198K +3,445 New
MM
105
Main Management
California
$176K +$173K +3,012 New
GAM
106
Gemmer Asset Management
California
$174K +$171K +2,970 New
US Bancorp
107
US Bancorp
Minnesota
$165K -$130K -2,264 -45%
WIM
108
Westside Investment Management
California
$154K – – –
GRP
109
Global Retirement Partners
California
$90K – – –
NFG
110
Next Financial Group
Texas
$71K +$70.3K +1,220 New
APA
111
American Portfolios Advisors
New York
$70.1K – – –
FC
112
Ferris Capital
Massachusetts
$56K – – –
GI
113
Gradient Investments
Minnesota
$51K – – –
AssetMark Inc
114
AssetMark Inc
California
$36K +$35.5K +617 New
WAM
115
Wealthspire Advisors (Maryland)
Maryland
$29K – – –
WAM
116
Watermark Asset Management
California
$28K +$22.6K +392 +431%
WANY
117
Wealthspire Advisors (New York)
New York
$28K +$28K +486 New
EWM
118
Elmwood Wealth Management
California
$24K -$1.78K -31 -7%
CDIA
119
Capital Directions Investment Advisors
Georgia
$15K – – –
AC
120
Avestar Capital
New York
$14K +$14.4K +250 New
AF
121
Allworth Financial
California
$11K – – –
AIP
122
Ameritas Investment Partners
Nebraska
$11K – – –
WAP
123
Wealthcare Advisory Partners
Pennsylvania
$11K – – –
BC
124
Bartlett & Co
Ohio
$9K – – –
BCWM
125
Bartlett & Co Wealth Management
Ohio
$8.77K – – –
2 3 4
5
6

CMF Hedge Fund Activity: Q4 2018 in Review

130 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2018, worth a combined $543M — down 5.7% from $576M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new CMF positions and 16 closed out — a net gain of 8 holders — while 41 added to existing stakes and 33 trimmed.

The largest buyer was Mission Wealth Management, adding an estimated $39.1M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $84.2M.

  • 130 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2018, up from 123 in Q3 2018.
  • Funds reported $543M of iShares California Muni Bond ETF stock for Q4 2018, down 5.7% quarter-over-quarter.
  • 24 funds opened new iShares California Muni Bond ETF positions in Q4 2018 and 16 closed out, a net change of +8 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2018 was Mission Wealth Management, an estimated $39.1M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2018 was Charles Schwab Investment Advisory, an estimated $84.2M sold.

Based on aggregated 13F filings for Q4 2018.