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iShares California Muni Bond ETF
CMF

205 hedge funds and large institutions have $1.48B invested in iShares California Muni Bond ETF in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 81 increasing their positions, 57 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 57

8% more capital invested

Capital invested by funds: $1.36B → $1.48B (+$115M)

3.19% more ownership

Funds ownership: 68.58% → 71.77% (+3.2%)

10% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 21

2% less funds holding

Funds holding: 209 → 205 (-4)

11% less funds holding in top 10

Funds holding in top 10: 9 → 8 (-1)

Holders
205
Holders Change
-4
Holders Change %
-1.91%
% of All Funds
3.27%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.13%
New
23
Increased
81
Reduced
57
Closed
21
Calls
$258K
Puts
–
Net Calls
+$258K
Net Calls Change
+$95K

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$148M
2
LPL Financial
LPL Financial
California
+$9.81M
3
B
Bailard
California
+$7.81M
4
Wells Fargo
Wells Fargo
California
+$7.55M
5
CL
Choreo LLC
Illinois
+$6.11M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$39.4M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$36.5M
3
EWA
EP Wealth Advisors
California
-$8.39M
4
US Bancorp
US Bancorp
Minnesota
-$6.33M
5
FTUS
Flow Traders U.S.
New York
-$3.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCA
176
Transcend Capital Advisors
New Jersey
$241K +$239K +4,200 New
PIA
177
Perennial Investment Advisors
California
$241K +$239K +4,199 New
IA
178
IFP Advisors
Florida
$236K +$853 +15 +0.4%
MCCP
179
Mission Creek Capital Partners
California
$230K – – –
BCPWM
180
Bradley & Co Private Wealth Management
Florida
$229K – – –
APP
181
Avantax Planning Partners
Iowa
$224K – – –
JBA
182
Johnson Bixby & Associates
Washington
$220K +$218K +3,829 New
SRWM
183
Shira Ridge Wealth Management
California
$219K +$217K +3,818 New
FFM
184
Forum Financial Management
Illinois
$218K – – –
ACA
185
Atlas Capital Advisors
Wyoming
$217K -$9.27K -163 -4%
BZWA
186
Blue Zone Wealth Advisors
California
$215K -$94.2K -1,655 -31%
BAAM
187
Baker Avenue Asset Management
California
$211K – – –
HW
188
Hamilton Wealth
California
$202K +$200K +3,514 New
Citigroup
189
Citigroup
New York
$198K +$9.1K +160 +5%
HWP
190
Highline Wealth Partners
California
$194K +$740 +13 +0.4%
MM
191
Main Management
California
$173K – – –
AIP
192
Ameritas Investment Partners
Nebraska
$167K -$7.51K -132 -4%
PNC Financial Services Group
193
PNC Financial Services Group
Pennsylvania
$164K – – –
CPA
194
Cardiff Park Advisors
California
$163K +$626 +11 +0.4%
AAS
195
Ameritas Advisory Services
Nebraska
$81.6K +$81.2K +1,427 New
BBHC
196
Brown Brothers Harriman & Co
New York
$80.4K – – –
FFA
197
Founders Financial Alliance
North Carolina
$56.9K – – –
CCP
198
Carmel Capital Partners
California
$40K +$39.7K +697 New
BAM
199
Belpointe Asset Management
Nevada
$28K -$35K -616 -56%
First Manhattan
200
First Manhattan
New York
$20.7K – – –
6 7
8
9 10

CMF Hedge Fund Activity: Q1 2023 in Review

205 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2023, worth a combined $1.48B — up 8.5% from $1.36B a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new CMF positions and 21 closed out — a net gain of 2 holders — while 81 added to existing stakes and 57 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $148M. The largest seller was Bank of America, cutting an estimated $39.4M.

  • 205 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2023, down from 209 in Q4 2022.
  • Funds reported $1.48B of iShares California Muni Bond ETF stock for Q1 2023, up 8.5% quarter-over-quarter.
  • 23 funds opened new iShares California Muni Bond ETF positions in Q1 2023 and 21 closed out, a net change of +2 holders.
  • The largest iShares California Muni Bond ETF buyer in Q1 2023 was Charles Schwab Investment Advisory, an estimated $148M added.
  • The largest iShares California Muni Bond ETF seller in Q1 2023 was Bank of America, an estimated $39.4M sold.

Based on aggregated 13F filings for Q1 2023.