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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
Corient Private Wealth
176
Corient Private Wealth
Florida
$744K +$527K +9,489 +246%
PCMC
177
Paragon Capital Management (Colorado)
Colorado
$728K +$725K +13,065 New
TWCA
178
Two West Capital Advisors
Kansas
$726K +$341K +6,147 +88%
ASG
179
Ariston Services Group
California
$717K
TIAM2
180
Tru Independence Asset Management 2
Oregon
$717K +$58.3K +1,050 +9%
IW
181
Instrumental Wealth
Florida
$717K +$18.3K +330 +3%
FFA
182
Farther Finance Advisors
California
$716K -$169K -3,036 -19%
TF
183
Tenon Financial
New Jersey
$713K
SRWM
184
Shira Ridge Wealth Management
California
$712K -$628K -11,311 -47%
VAF
185
Values Added Financial
District of Columbia
$712K +$709K +12,770 New
IWA
186
Invera Wealth Advisors
Oregon
$704K -$8.05K -145 -1%
CC
187
Climber Capital
Switzerland
$702K
NAS
188
NWF Advisory Services
California
$688K +$685K +12,346 New
Brown Advisory
189
Brown Advisory
Maryland
$668K +$446K +8,029 +203%
GRP
190
Global Retirement Partners
California
$668K +$665K +11,987 New
TBWA
191
Three Bridge Wealth Advisors
California
$667K -$148K -2,668 -18%
FF
192
Fortitude Financial
Washington
$662K +$328K +5,904 +78%
TLFA
193
True Link Financial Advisors
California
$658K -$19.4K -350 -3%
MCM
194
Mattern Capital Management
Colorado
$640K +$18K +324 +3%
IAG
195
Investment Advisory Group
Massachusetts
$635K
RF
196
RHS Financial
California
$624K -$981K -17,669 -61%
VWA
197
VERITY Wealth Advisors
United States
$608K
BCM
198
Boltwood Capital Management
California
$594K -$58.3K -1,050 -9%
AIM
199
Aspen Investment Management
Michigan
$593K -$13.9K -250 -2%
CAG
200
Crestwood Advisors Group
Massachusetts
$584K +$582K +10,483 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.