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iShares California Muni Bond ETF
CMF

219 hedge funds and large institutions have $1.6B invested in iShares California Muni Bond ETF in 2023 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 94 increasing their positions, 57 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 13

65% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 57

7% more funds holding

Funds holding: 205 → 219 (+14)

2.86% more ownership

Funds ownership: 70.66% → 73.51% (+2.9%)

2% more capital invested

Capital invested by funds: $1.58B → $1.6B (+$28M)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $691K

Holders
219
Holders Change
+14
Holders Change %
+6.83%
% of All Funds
3.48%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
29
Increased
94
Reduced
57
Closed
13
Calls
–
Puts
$691K
Net Calls
-$691K
Net Calls Change
-$9K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$87.6M
2
UBS Group
UBS Group
Switzerland
+$28.4M
3
EWA
EP Wealth Advisors
California
+$24.4M
4
Jane Street
Jane Street
New York
+$20M
5
JP Morgan Chase
JP Morgan Chase
New York
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$97.7M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$10.8M
3
SC
Slow Capital
California
-$10.8M
4
FCG
Financial Connections Group
California
-$10.6M
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$8.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCPWM
101
Traverso Chambers Private Wealth Management
California
$1.16M – – –
Wealthfront Advisers
102
Wealthfront Advisers
California
$1.14M -$145K -2,581 -11%
JBA
103
Johnson Bixby & Associates
Washington
$1.13M – – –
VAF
104
Values Added Financial
District of Columbia
$1.12M +$1.15M +20,420 New
HWA
105
HCR Wealth Advisors
California
$1.12M -$170K -3,026 -13%
GAM
106
Gould Asset Management
California
$1.1M -$7.88K -140 -0.7%
MWM
107
Merriman Wealth Management
Washington
$1.1M – – –
PO
108
Private Ocean
California
$1.09M – – –
PW
109
Peninsula Wealth
California
$1.07M +$209K +3,722 +23%
AC
110
Apella Capital
Connecticut
$1.04M +$16.8K +298 +2%
VWA
111
VERITY Wealth Advisors
United States
$1.03M – – –
DWM
112
Destination Wealth Management
California
$979K +$134K +2,380 +15%
BSW
113
Buckingham Strategic Wealth
Missouri
$979K -$120K -2,128 -11%
CFC
114
Client First Capital
California
$969K – – –
ME
115
McIlrath & Eck
Washington
$964K +$44.6K +792 +5%
PAM
116
Private Asset Management
California
$905K -$22.5K -400 -2%
THL
117
Tillman Hartley LLC
Colorado
$873K – – –
PPW
118
Parcion Private Wealth
Washington
$831K – – –
I
119
IMPACTfolio
Colorado
$818K +$839K +14,916 New
OSAM
120
O'Shaughnessy Asset Management
Connecticut
$787K +$14.9K +265 +2%
NW
121
NewEdge Wealth
Pennsylvania
$780K +$800K +14,225 New
VA
122
Valmark Advisers
Ohio
$774K – – –
KW
123
KWB Wealth
California
$769K – – –
FMN
124
Financial Management Network
California
$751K +$10.7K +190 +1%
CPSC
125
Carl P. Sherr & Co
Massachusetts
$750K – – –
3 4
5
6 7

CMF Hedge Fund Activity: Q3 2023 in Review

219 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2023, worth a combined $1.6B — up 1.8% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CMF positions and 13 closed out — a net gain of 16 holders — while 94 added to existing stakes and 57 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $87.6M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $97.7M.

  • 219 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2023, up from 205 in Q2 2023.
  • Funds reported $1.6B of iShares California Muni Bond ETF stock for Q3 2023, up 1.8% quarter-over-quarter.
  • 29 funds opened new iShares California Muni Bond ETF positions in Q3 2023 and 13 closed out, a net change of +16 holders.
  • The largest iShares California Muni Bond ETF buyer in Q3 2023 was Fidelity Investments, an estimated $87.6M added.
  • The largest iShares California Muni Bond ETF seller in Q3 2023 was Charles Schwab Investment Advisory, an estimated $97.7M sold.

Based on aggregated 13F filings for Q3 2023.