iShares California Muni Bond ETF
165 hedge funds and large institutions have $805M invested in iShares California Muni Bond ETF in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 67 increasing their positions, 35 reducing their positions, and 8 closing their positions.
263% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 8
91% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 35
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
13% more funds holding
Funds holding: 146 → 165 (+19)
10% more capital invested
Capital invested by funds: $730M → $805M (+$74.4M)
2.36% more ownership
Funds ownership: 53.33% → 55.68% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$31.5M |
| 2 |
MA
MUFG Americas
New York
|
+$9.04M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$3.96M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.56M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$9.32M |
| 2 |
Jane Street
New York
|
-$4.14M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.68M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.2M |
| 5 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$621K |
CMF Hedge Fund Activity: Q4 2019 in Review
165 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2019, worth a combined $805M — up 10% from $730M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CMF positions and 8 closed out — a net gain of 21 holders — while 67 added to existing stakes and 35 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $31.5M. The largest seller was Principal Financial Group, cutting an estimated $9.32M.
- 165 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2019, up from 146 in Q3 2019.
- Funds reported $805M of iShares California Muni Bond ETF stock for Q4 2019, up 10% quarter-over-quarter.
- 29 funds opened new iShares California Muni Bond ETF positions in Q4 2019 and 8 closed out, a net change of +21 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2019 was Charles Schwab Investment Advisory, an estimated $31.5M added.
- The largest iShares California Muni Bond ETF seller in Q4 2019 was Principal Financial Group, an estimated $9.32M sold.
Based on aggregated 13F filings for Q4 2019.