iShares California Muni Bond ETF
58 hedge funds and large institutions have $133M invested in iShares California Muni Bond ETF in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 6 reducing their positions, and 5 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 6
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
16% more capital invested
Capital invested by funds: $115M → $133M (+$18.4M)
12% more funds holding
Funds holding: 52 → 58 (+6)
1.01% more ownership
Funds ownership: 59.5% → 60.51% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.97M |
| 3 |
JP Morgan Chase
New York
|
+$1.3M |
| 4 |
Jane Street
New York
|
+$1.19M |
| 5 |
B
Bailard
Foster City,
California
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$1.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$239K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$231K |
| 4 |
Barclays
London,
United Kingdom
|
-$141K |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$107K |
CMF Hedge Fund Activity: Q4 2014 in Review
58 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2014, worth a combined $133M — up 16% from $115M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CMF positions and 5 closed out — a net gain of 7 holders — while 24 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.59M. The largest seller was Citigroup, cutting an estimated $1.2M.
- 58 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2014, up from 52 in Q3 2014.
- Funds reported $133M of iShares California Muni Bond ETF stock for Q4 2014, up 16% quarter-over-quarter.
- 12 funds opened new iShares California Muni Bond ETF positions in Q4 2014 and 5 closed out, a net change of +7 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2014 was Morgan Stanley, an estimated $3.59M added.
- The largest iShares California Muni Bond ETF seller in Q4 2014 was Citigroup, an estimated $1.2M sold.
Based on aggregated 13F filings for Q4 2014.