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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
SAM
151
Smartleaf Asset Management
Massachusetts
$1.2M +$770K +13,872 +179%
DIA
152
Davidson Investment Advisors
Montana
$1.2M +$364K +6,557 +44%
FTUS
153
Flow Traders U.S.
New York
$1.17M +$307K +5,537 +36%
JBA
154
Johnson Bixby & Associates
Washington
$1.15M -$503K -9,064 -31%
BIA
155
Bell Investment Advisors
California
$1.05M -$3.07M -55,377 -75%
THL
156
Tillman Hartley LLC
Colorado
$1.05M
SIG
157
Spinnaker Investment Group
California
$1.04M -$160K -2,880 -13%
IUHSA
158
Itau Unibanco Holding S.A.
Brazil
$1.02M +$570K +10,259 +127%
DWM
159
Destination Wealth Management
California
$998K -$33.3K -599 -3%
Susquehanna International Group
160
Susquehanna International Group
Pennsylvania
$984K -$12.7M -228,127 -93%
WN
161
Williams & Novak
California
$967K -$1.39M -25,020 -59%
KGP
162
Keystone Global Partners
Colorado
$953K -$5.83K -105 -0.6%
BA
163
Bristlecone Advisors
Washington
$951K -$1.94K -35 -0.2%
BCI
164
Brinker Capital Investments
Pennsylvania
$933K -$82.4K -1,484 -8%
WRPWM
165
Werba Rubin Papier Wealth Management
California
$921K +$261K +4,703 +40%
SIAG
166
Safeguard Investment Advisory Group
California
$907K -$99K -1,784 -10%
LA
167
LM Advisors
California
$892K
AF
168
Allworth Financial
California
$877K +$3.83K +69 +0.4%
ODA
169
One Degree Advisors
California
$871K +$868K +15,632 New
PDL
170
Portfolio Design Labs
California
$859K +$855K +15,406 New
GWS
171
Greykasell Wealth Strategies
California
$815K +$11.8K +213 +1%
Lido Advisors
172
Lido Advisors
California
$813K -$423K -7,621 -34%
BCM
173
Brasada Capital Management
Texas
$795K +$794K +14,300 New
ATPW
174
Ashton Thomas Private Wealth
Arizona
$775K +$771K +13,896 New
GWMR
175
GC Wealth Management RIA
Massachusetts
$747K +$744K +13,406 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.