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iShares California Muni Bond ETF
CMF

247 hedge funds and large institutions have $2.18B invested in iShares California Muni Bond ETF in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 86 increasing their positions, 79 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

158% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 19

63% more funds holding in top 10

Funds holding in top 10: 8 → 13 (+5)

36% more capital invested

Capital invested by funds: $1.6B → $2.18B (+$571M)

13% more funds holding

Funds holding: 219 → 247 (+28)

6.8% more ownership

Funds ownership: 73.51% → 80.31% (+6.8%)

9% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 79

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $249K

Holders
247
Holders Change
+28
Holders Change %
+12.79%
% of All Funds
3.6%
Holding in Top 10
13
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+62.5%
% of All Funds
0.19%
New
49
Increased
86
Reduced
79
Closed
19
Calls
–
Puts
$249K
Net Calls
-$249K
Net Calls Change
+$442K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$145M
2
CSIA
Charles Schwab Investment Advisory
California
+$93.6M
3
Morgan Stanley
Morgan Stanley
New York
+$93.2M
4
EWA
EP Wealth Advisors
California
+$46.4M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$39.1M

Top Sellers

Rank Fund Capital Flow
1
B
Bailard
California
-$37.9M
2
Jane Street
Jane Street
New York
-$27.2M
3
SWP
Stratos Wealth Partners
Ohio
-$22.5M
4
BC
Brio Consultants
California
-$13M
5
MMA
Miracle Mile Advisors
California
-$6.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCI
101
Brinker Capital Investments
Pennsylvania
$1.38M +$113K +2,032 +9%
OPS
102
Orion Portfolio Solutions
Nebraska
$1.38M +$113K +2,032 +9%
RF
103
RHS Financial
California
$1.35M -$107K -1,919 -8%
WPC
104
Wedmont Private Capital
Pennsylvania
$1.33M +$1.28M +22,887 New
US Bancorp
105
US Bancorp
Minnesota
$1.32M -$1.82M -32,620 -59%
JFG
106
Jefferies Financial Group
New York
$1.31M +$1.26M +22,545 New
MWM
107
McNaughton Wealth Management
California
$1.3M -$251K -4,494 -17%
MWM
108
Merriman Wealth Management
Washington
$1.26M +$94.5K +1,694 +8%
W
109
WealthCollab
Washington
$1.24M +$1.2M +21,486 New
IWA
110
Invera Wealth Advisors
Oregon
$1.24M +$1.19M +21,366 New
PW
111
Peninsula Wealth
California
$1.23M +$84.1K +1,507 +8%
TCPWM
112
Traverso Chambers Private Wealth Management
California
$1.22M – – –
Empower Advisory Group
113
Empower Advisory Group
Colorado
$1.21M -$360K -6,456 -24%
AFG
114
Atomi Financial Group
New York
$1.2M +$1.16M +20,756 New
JBA
115
Johnson Bixby & Associates
Washington
$1.19M – – –
ME
116
McIlrath & Eck
Washington
$1.18M +$152K +2,720 +15%
PO
117
Private Ocean
California
$1.15M – – –
CAG
118
Curtis Advisory Group
California
$1.14M -$881K -15,778 -45%
VWA
119
VERITY Wealth Advisors
United States
$1.09M – – –
THL
120
Tillman Hartley LLC
Colorado
$1.09M +$159K +2,845 +18%
OSAM
121
O'Shaughnessy Asset Management
Connecticut
$1.05M +$212K +3,795 +26%
AAS
122
Avantax Advisory Services
Texas
$1.04M +$360K +6,449 +56%
ASG
123
Ariston Services Group
California
$1.02M +$982K +17,588 New
LA
124
LM Advisors
California
$1M +$964K +17,266 New
Allspring Global Investments
125
Allspring Global Investments
North Carolina
$986K -$1.42M -25,439 -60%
3 4
5
6 7

CMF Hedge Fund Activity: Q4 2023 in Review

247 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2023, worth a combined $2.18B — up 36% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new CMF positions and 19 closed out — a net gain of 30 holders — while 86 added to existing stakes and 79 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $145M. The largest seller was Bailard, cutting an estimated $37.9M.

  • 247 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2023, up from 219 in Q3 2023.
  • Funds reported $2.18B of iShares California Muni Bond ETF stock for Q4 2023, up 36% quarter-over-quarter.
  • 49 funds opened new iShares California Muni Bond ETF positions in Q4 2023 and 19 closed out, a net change of +30 holders.
  • The largest iShares California Muni Bond ETF buyer in Q4 2023 was Fidelity Investments, an estimated $145M added.
  • The largest iShares California Muni Bond ETF seller in Q4 2023 was Bailard, an estimated $37.9M sold.

Based on aggregated 13F filings for Q4 2023.