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iShares California Muni Bond ETF

318 hedge funds and large institutions have $2.7B invested in iShares California Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 115 increasing their positions, 115 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

4% more funds holding

Funds holding: 307318 (+11)

0% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 115

3.25% less ownership

Funds ownership: 78.66%75.42% (-3.2%)

9% less capital invested

Capital invested by funds: $2.96B → $2.7B (-$260M)

20% less funds holding in top 10

Funds holding in top 10: 2016 (-4)

Holders
318
Holders Change
+11
Holders Change %
+3.58%
% of All Funds
4.19%
Holding in Top 10
16
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-20%
% of All Funds
0.21%
New
37
Increased
115
Reduced
115
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DC
101
DeDora Capital
California
$2.68M +$138K +2,480 +5%
HWMC
102
Heritage Wealth Management (California)
California
$2.62M -$94.7K -1,705 -3%
WANY
103
Wealthspire Advisors (New York)
New York
$2.54M -$756K -13,616 -23%
UCFA
104
United Capital Financial Advisors
Texas
$2.43M -$3.2M -57,670 -57%
GAM
105
Gould Asset Management
California
$2.39M -$336K -6,060 -12%
SA
106
Sanctuary Advisors
Indiana
$2.36M -$175K -3,159 -7%
WIM
107
Westside Investment Management
California
$2.24M -$80.8K -1,455 -3%
OSAM
108
O'Shaughnessy Asset Management
Connecticut
$2.24M +$129K +2,318 +6%
MFG
109
Merit Financial Group
Georgia
$2.2M +$2.19M +39,443 New
W
110
WealthCollab
Washington
$2.18M +$203K +3,664 +10%
ECM
111
Evergreen Capital Management
Washington
$2.13M +$225K +4,050 +12%
Stifel Financial
112
Stifel Financial
Missouri
$2.11M +$435K +7,836 +26%
OMC
113
Old Mission Capital
Illinois
$2.11M +$1.59M +28,653 +313%
JSW
114
Journey Strategic Wealth
New Jersey
$2.11M +$1.13M +20,284 +116%
IWC
115
Integrated Wealth Concepts
Massachusetts
$1.91M -$153K -2,749 -7%
Citadel Advisors
116
Citadel Advisors
Florida
$1.9M -$173K -3,110 -8%
Rockefeller Capital Management
117
Rockefeller Capital Management
New York
$1.89M +$154K +2,780 +9%
CCMI
118
Creative Capital Management Investments
California
$1.81M -$1M -18,032 -36%
WIM
119
WealthPlan Investment Management
Nebraska
$1.79M +$1.79M +32,174 New
ME
120
McIlrath & Eck
Washington
$1.77M +$73.5K +1,324 +4%
LI
121
LifeWealth Investments
Florida
$1.76M
FCIM
122
Fairview Capital Investment Management
California
$1.71M +$77.7K +1,400 +5%
WS
123
Wedbush Securities
California
$1.71M +$27.6K +498 +2%
HW
124
Hamilton Wealth
California
$1.7M +$65K +1,171 +4%
2WWM
125
21 West Wealth Management
California
$1.62M +$1.62M +29,095 New

CMF Hedge Fund Activity: Q2 2025 in Review

318 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2025, worth a combined $2.7B — down 8.8% from $2.96B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CMF positions and 23 closed out — a net gain of 14 holders — while 115 added to existing stakes and 115 trimmed.

The largest buyer was Jane Street, adding an estimated $42.2M. The largest seller was Charles Schwab, cutting an estimated $141M.

  • 318 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2025, up from 307 in Q1 2025.
  • Funds reported $2.7B of iShares California Muni Bond ETF stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 37 funds opened new iShares California Muni Bond ETF positions in Q2 2025 and 23 closed out, a net change of +14 holders.
  • The largest iShares California Muni Bond ETF buyer in Q2 2025 was Jane Street, an estimated $42.2M added.
  • The largest iShares California Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $141M sold.

Based on aggregated 13F filings for Q2 2025.