iShares California Muni Bond ETF
175 hedge funds and large institutions have $935M invested in iShares California Muni Bond ETF in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 75 increasing their positions, 40 reducing their positions, and 9 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 40
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
1% more capital invested
Capital invested by funds: $923M → $935M (+$12.5M)
1% more funds holding
Funds holding: 174 → 175 (+1)
1.93% less ownership
Funds ownership: 60.14% → 58.21% (-1.9%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$15.3M |
| 2 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
+$14.1M |
| 3 |
LPL Financial
San Diego,
California
|
+$7.1M |
| 4 |
Morgan Stanley
New York
|
+$6.86M |
| 5 |
AssetMark Inc
Concord,
California
|
+$6.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$21.3M |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$21M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$15.9M |
| 4 |
Goldman Sachs
New York
|
-$10.9M |
| 5 |
Renaissance Technologies
New York
|
-$2.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
176
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$21M | -351,204 | Closed |
|
|
GC
177
Garde Capital
Seattle,
Washington
| – | -$1.67M | -26,910 | Closed |
|
|
NL
178
NWAM LLC
Mercer Island,
Washington
| – | -$332K | -5,344 | Closed |
|
|
EWM
179
EPG Wealth Management
Atlanta,
Georgia
| – | -$257K | -4,133 | Closed |
|
180
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$210K | -3,378 | Closed |
|
181
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$34K | -550 | Closed |
|
|
GI
182
Gradient Investments
Arden Hills,
Minnesota
| – | -$27K | -438 | Closed |
|
|
JPLA
183
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$25K | -400 | Closed |
|
|
PAG
184
Private Advisor Group
Morristown,
New Jersey
| – | -$12K | -200 | Closed |
|
CMF Hedge Fund Activity: Q3 2020 in Review
175 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2020, worth a combined $935M — up 1.4% from $923M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 75 added to existing stakes and 40 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $15.3M. The largest seller was Jane Street, cutting an estimated $21.3M.
- 175 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2020, up from 174 in Q2 2020.
- Funds reported $935M of iShares California Muni Bond ETF stock for Q3 2020, up 1.4% quarter-over-quarter.
- 12 funds opened new iShares California Muni Bond ETF positions in Q3 2020 and 9 closed out, a net change of +3 holders.
- The largest iShares California Muni Bond ETF buyer in Q3 2020 was Charles Schwab Investment Advisory, an estimated $15.3M added.
- The largest iShares California Muni Bond ETF seller in Q3 2020 was Jane Street, an estimated $21.3M sold.
Based on aggregated 13F filings for Q3 2020.