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iShares California Muni Bond ETF
CMF

175 hedge funds and large institutions have $935M invested in iShares California Muni Bond ETF in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 75 increasing their positions, 40 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 40

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

1% more capital invested

Capital invested by funds: $923M → $935M (+$12.5M)

1% more funds holding

Funds holding: 174 → 175 (+1)

1.93% less ownership

Funds ownership: 60.14% → 58.21% (-1.9%)

15% less funds holding in top 10

Funds holding in top 10: 13 → 11 (-2)

Holders
175
Holders Change
+1
Holders Change %
+0.57%
% of All Funds
3.53%
Holding in Top 10
11
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-15.38%
% of All Funds
0.22%
New
12
Increased
75
Reduced
40
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$15.3M
2
CCFM
Clear Creek Financial Management
Washington
+$14.1M
3
LPL Financial
LPL Financial
California
+$7.1M
4
Morgan Stanley
Morgan Stanley
New York
+$6.86M
5
AssetMark Inc
AssetMark Inc
California
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$21.3M
2
BRWM
B. Riley Wealth Management
Tennessee
-$21M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$15.9M
4
Goldman Sachs
Goldman Sachs
New York
-$10.9M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
101
Wedbush Securities
California
$543K – – –
EHPM
102
Emery Howard Portfolio Management
California
$542K +$2.31K +37 +0.4%
CAPTRUST Financial Advisors
103
CAPTRUST Financial Advisors
North Carolina
$522K +$1.44K +23 +0.3%
M&T Bank
104
M&T Bank
New York
$499K – – –
KAS
105
Kestra Advisory Services
Texas
$484K +$7.2K +115 New
BlackRock
106
BlackRock
New York
$466K +$3.94K +63 +0.9%
VPIM
107
Vanguard Personalized Indexing Management
California
$461K +$222K +3,548 +92%
PIA
108
Perennial Investment Advisors
California
$451K – – –
SRC
109
Shufro Rose & Co
New York
$450K – – –
RFA
110
Reilly Financial Advisors
California
$448K -$250 -4 -0.1%
FP
111
Financial Perspectives
Minnesota
$447K +$448K +7,164 New
IWC
112
Integrated Wealth Concepts
Massachusetts
$446K -$15.6K -250 -3%
BJL
113
Brighton Jones LLC
Washington
$428K – – –
IIA
114
IPG Investment Advisors
California
$428K – – –
TWM
115
Titus Wealth Management
California
$413K +$814 +13 +0.2%
ACA
116
Affinity Capital Advisors
California
$412K +$1.75K +28 +0.4%
IAN
117
Integrated Advisors Network
Texas
$405K +$407K +6,497 New
OPS
118
Orion Portfolio Solutions
Nebraska
$404K +$41.2K +659 +11%
MAFM
119
Mid Atlantic Financial Management
Pennsylvania
$396K +$23.5K +376 +6%
RJFSA
120
Raymond James Financial Services Advisors
Florida
$372K -$125K -1,994 -25%
CAM
121
Caprin Asset Management
Virginia
$367K – – –
DWM
122
Destination Wealth Management
California
$363K – – –
MPM
123
Meritage Portfolio Management
Kansas
$347K +$100K +1,600 +40%
IFG
124
Independent Financial Group
California
$333K +$334K +5,338 New
ERIM
125
Eagle Ridge Investment Management
Connecticut
$330K – – –
3 4
5
6 7

CMF Hedge Fund Activity: Q3 2020 in Review

175 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2020, worth a combined $935M — up 1.4% from $923M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 75 added to existing stakes and 40 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $15.3M. The largest seller was Jane Street, cutting an estimated $21.3M.

  • 175 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2020, up from 174 in Q2 2020.
  • Funds reported $935M of iShares California Muni Bond ETF stock for Q3 2020, up 1.4% quarter-over-quarter.
  • 12 funds opened new iShares California Muni Bond ETF positions in Q3 2020 and 9 closed out, a net change of +3 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2020 was Charles Schwab Investment Advisory, an estimated $15.3M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2020 was Jane Street, an estimated $21.3M sold.

Based on aggregated 13F filings for Q3 2020.