We are live on ! Find out more
CMF icon

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
TWA
201
Trace Wealth Advisors
California
$583K
APP
202
Avantax Planning Partners
Iowa
$572K -$69.7K -1,255 -11%
PCWA
203
Pacific Capital Wealth Advisors
California
$567K -$755K -13,608 -57%
NFG
204
Northeast Financial Group
Pennsylvania
$523K +$118K +2,129 +29%
CSIC
205
Clifford Swan Investment Counsel
California
$516K
CIBC Private Wealth Group
206
CIBC Private Wealth Group
Georgia
$510K -$436K -7,856 -46%
SFA
207
Sequoia Financial Advisors
Ohio
$506K
FMTC
208
Farmers & Merchants Trust Company
California
$505K -$203K -3,650 -29%
KCM
209
KM Capital Management
Texas
$497K +$3.72K +67 +0.8%
SC
210
Savant Capital
Illinois
$495K -$528K -9,517 -52%
ACA
211
Atlas Capital Advisors
Wyoming
$495K +$60.5K +1,090 +14%
BJL
212
Brighton Jones LLC
Washington
$488K
SCM
213
SOL Capital Management
Maryland
$470K +$468K +8,425 New
Wealth Enhancement Advisory Services
214
Wealth Enhancement Advisory Services
Minnesota
$467K -$488K -8,788 -51%
LPP
215
Life Planning Partners
Florida
$465K
CWMK
216
Caliber Wealth Management (Kansas)
Kansas
$455K +$453K +8,164 New
HWAM
217
Hennion & Walsh Asset Management
New Jersey
$449K +$113K +2,035 +34%
WWP
218
Waypoint Wealth Partners
California
$446K
TF
219
TME Financial
California
$446K -$244K -4,388 -35%
CIP
220
Capital Insight Partners
Arizona
$442K -$352K -6,334 -44%
NA
221
Nautilus Advisors
California
$438K
PIA
222
Perennial Investment Advisors
California
$414K +$86.7K +1,561 +27%
Qube Research & Technologies (QRT)
223
Qube Research & Technologies (QRT)
United Kingdom
$406K +$265K +4,768 +190%
FPCP
224
Fort Point Capital Partners
California
$397K +$61.5K +1,108 +18%
FAIM
225
Financial Advocates Investment Management
Washington
$395K -$117K -2,114 -23%

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.