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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
TBWA
176
Three Bridge Wealth Advisors
California
$273K +$113 +2 +0%
FFM
177
Forum Financial Management
Illinois
$267K +$59.7K +1,062 +28%
BRWA
178
B. Riley Wealth Advisors
Florida
$261K +$788 +14 +0.3%
IA
179
IFP Advisors
Florida
$257K +$35.8K +636 +16%
WC
180
Weil Company
California
$257K – – –
EH
181
Equitable Holdings
New York
$250K +$1.46K +26 +0.6%
FC
182
FCA Corp
Texas
$246K – – –
FMTC
183
Farmers & Merchants Trust Company
California
$244K -$231K -4,103 -48%
BCP
184
Blue Chip Partners
Michigan
$241K -$7.93K -141 -3%
WCG
185
Weaver Consulting Group
California
$240K +$56 +1 +0%
NFG
186
Northeast Financial Group
Pennsylvania
$236K +$242K +4,297 New
AWM
187
Apollon Wealth Management
South Carolina
$231K – – –
RWM
188
Ritholtz Wealth Management
New York
$231K +$237K +4,206 New
PIA
189
Perennial Investment Advisors
California
$230K +$56 +1 +0%
VPIM
190
Vanguard Personalized Indexing Management
California
$229K -$121K -2,144 -34%
FAN
191
Financial Advisors Network
California
$228K +$234K +4,156 New
PA
192
PFG Advisors
Arizona
$227K +$233K +4,147 New
Citigroup
193
Citigroup
New York
$225K – – –
IWC
194
Integrated Wealth Concepts
Massachusetts
$223K +$229K +4,070 New
HW
195
Hamilton Wealth
California
$221K +$27.9K +496 +14%
BCPWM
196
Bradley & Co Private Wealth Management
Florida
$219K – – –
APP
197
Avantax Planning Partners
Iowa
$214K – – –
BAAM
198
Baker Avenue Asset Management
California
$202K – – –
CSWM
199
Cassady Schiller Wealth Management
Ohio
$202K +$207K +3,680 New
CCP
200
Carmel Capital Partners
California
$202K +$207K +3,679 New
6 7
8
9 10

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.