iShares California Muni Bond ETF
CMF
43 hedge funds and large institutions have $77.8M invested in iShares California Muni Bond ETF in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 7 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
2.61% less ownership
Funds ownership: 64.75% → 62.14% (-2.6%)
12% less funds holding
Funds holding: 49 → 43 (-6)
16% less capital invested
Capital invested by funds: $92.7M → $77.8M (-$14.9M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.15M |
| 2 |
MA
MUFG Americas
New York
|
+$2.98M |
| 3 |
B
Bailard
Foster City,
California
|
+$1.68M |
| 4 |
Citigroup
New York
|
+$537K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.78M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$2.37M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.36M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.65M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$968K |
CMF Hedge Fund Activity: Q3 2013 in Review
43 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2013, worth a combined $77.8M — down 16% from $92.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CMF and 3 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Jane Street, adding an estimated $3.15M. The largest seller was Morgan Stanley, cutting an estimated $9.78M.
- 43 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2013, down from 49 in Q2 2013.
- Funds reported $77.8M of iShares California Muni Bond ETF stock for Q3 2013, down 16% quarter-over-quarter.
- 3 funds opened new iShares California Muni Bond ETF positions in Q3 2013 and 7 closed out, a net change of -4 holders.
- The largest iShares California Muni Bond ETF buyer in Q3 2013 was Jane Street, an estimated $3.15M added.
- The largest iShares California Muni Bond ETF seller in Q3 2013 was Morgan Stanley, an estimated $9.78M sold.
Based on aggregated 13F filings for Q3 2013.