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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
ACA
151
Atlas Capital Advisors
Wyoming
$432K +$70.1K +1,247 +19%
WIC
152
Whitegate Investment Counselors
New Hampshire
$425K – – –
Lido Advisors
153
Lido Advisors
California
$405K +$50.8K +903 +14%
BJL
154
Brighton Jones LLC
Washington
$394K +$113 +2 +0%
SCM
155
Stordahl Capital Management
Colorado
$393K +$403K +7,162 New
TDWM
156
Topel & Distasi Wealth Management
California
$391K +$7.99K +142 +2%
HWM
157
HB Wealth Management
Georgia
$388K – – –
PCTC
158
Perkins Coie Trust Company
Washington
$385K – – –
CSIC
159
Clifford Swan Investment Counsel
California
$384K – – –
WAP
160
Wealthcare Advisory Partners
Pennsylvania
$371K +$1.18K +21 +0.3%
CTWM
161
Cherry Tree Wealth Management
Minnesota
$366K – – –
GAM
162
Gemmer Asset Management
California
$362K +$1.97K +35 +0.5%
ERIM
163
Eagle Ridge Investment Management
Connecticut
$361K -$250K -4,443 -40%
NA
164
NewEdge Advisors
Louisiana
$360K +$2.14K +38 +0.6%
WS
165
Wedbush Securities
California
$358K – – –
DIA
166
Davidson Investment Advisors
Montana
$343K +$24.1K +429 +7%
PF
167
Prosperitas Financial
California
$339K +$348K +6,186 New
VST
168
Van Strum & Towne
California
$335K – – –
FWP
169
Falcon Wealth Planning
California
$319K -$46.3K -823 -12%
PTC
170
Private Trust Company
Ohio
$312K +$450 +8 +0.1%
OC
171
Oppenheimer & Co
New York
$303K – – –
KCM
172
KM Capital Management
Texas
$297K +$6.81K +121 +2%
KAS
173
Kestra Advisory Services
Texas
$294K -$32.3K -574 -10%
WW
174
Westshore Wealth
California
$292K +$3.04K +54 +1%
EA
175
Eclectic Associates
California
$282K -$45.3K -805 -14%
5 6
7
8 9

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.