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iShares California Muni Bond ETF
CMF

257 hedge funds and large institutions have $2.14B invested in iShares California Muni Bond ETF in 2024 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 114 increasing their positions, 64 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 64

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

4% more funds holding

Funds holding: 247 → 257 (+10)

2% less capital invested

Capital invested by funds: $2.18B → $2.14B (-$38.1M)

4.65% less ownership

Funds ownership: 80.31% → 75.66% (-4.7%)

8% less funds holding in top 10

Funds holding in top 10: 13 → 12 (-1)

Holders
257
Holders Change
+10
Holders Change %
+4.05%
% of All Funds
3.7%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.17%
New
31
Increased
114
Reduced
64
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$32.3M
2
B
Bailard
California
+$29.8M
3
CSIA
Charles Schwab Investment Advisory
California
+$28.8M
4
Jane Street
Jane Street
New York
+$19.6M
5
FWI
Facet Wealth Inc
Maryland
+$10.1M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$89.4M
2
OGF
Orin Green Financial
California
-$19.1M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$18.4M
4
FCG
Financial Connections Group
California
-$15.5M
5
BlackRock
BlackRock
New York
-$9.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
101
SimpliFi Inc
California
$1.39M -$150K -2,592 -10%
NCM
102
Neumann Capital Management
California
$1.38M +$508K +8,800 +58%
WPC
103
Wedmont Private Capital
Pennsylvania
$1.37M +$63K +1,091 +5%
HWA
104
HCR Wealth Advisors
California
$1.35M -$79.4K -1,376 -6%
MWM
105
McNaughton Wealth Management
California
$1.34M +$41.9K +726 +3%
SIAG
106
Safeguard Investment Advisory Group
California
$1.32M -$202K -3,497 -13%
BCI
107
Brinker Capital Investments
Pennsylvania
$1.29M -$87.8K -1,521 -6%
OPS
108
Orion Portfolio Solutions
Nebraska
$1.29M -$87.8K -1,521 -6%
W
109
WealthCollab
Washington
$1.27M +$37K +642 +3%
CAG
110
Curtis Advisory Group
California
$1.27M +$137K +2,382 +12%
MWM
111
Merriman Wealth Management
Washington
$1.25M – – –
ME
112
McIlrath & Eck
Washington
$1.25M +$78.1K +1,353 +7%
JBA
113
Johnson Bixby & Associates
Washington
$1.18M – – –
Empower Advisory Group
114
Empower Advisory Group
Colorado
$1.18M -$19K -330 -2%
PO
115
Private Ocean
California
$1.15M – – –
NA
116
NewEdge Advisors
Louisiana
$1.11M +$435K +7,546 +64%
THL
117
Tillman Hartley LLC
Colorado
$1.08M – – –
AAS
118
Avantax Advisory Services
Texas
$1.06M +$32.5K +563 +3%
SC
119
Savant Capital
Illinois
$1.06M +$1.06M +18,406 New
EA
120
Eclectic Associates
California
$998K -$520K -9,012 -34%
LA
121
LM Advisors
California
$993K – – –
Wealthfront Advisers
122
Wealthfront Advisers
California
$983K +$251K +4,358 +34%
TDWM
123
Topel & Distasi Wealth Management
California
$978K +$351K +6,083 +56%
PBF
124
Petix & Botte Financial
California
$978K +$980K +16,993 New
JSW
125
Journey Strategic Wealth
New Jersey
$974K +$173K +2,990 +21%
3 4
5
6 7

CMF Hedge Fund Activity: Q1 2024 in Review

257 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2024, worth a combined $2.14B — down 1.8% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CMF positions and 18 closed out — a net gain of 13 holders — while 114 added to existing stakes and 64 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $32.3M. The largest seller was Morgan Stanley, cutting an estimated $89.4M.

  • 257 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2024, up from 247 in Q4 2023.
  • Funds reported $2.14B of iShares California Muni Bond ETF stock for Q1 2024, down 1.8% quarter-over-quarter.
  • 31 funds opened new iShares California Muni Bond ETF positions in Q1 2024 and 18 closed out, a net change of +13 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2024 was Fidelity Investments, an estimated $32.3M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $89.4M sold.

Based on aggregated 13F filings for Q1 2024.