iShares California Muni Bond ETF
70 hedge funds and large institutions have $177M invested in iShares California Muni Bond ETF in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
25% more capital invested
Capital invested by funds: $141M → $177M (+$35.8M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
8.57% more ownership
Funds ownership: 60.55% → 69.12% (+8.6%)
1% more funds holding
Funds holding: 69 → 70 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$16M |
| 2 |
LPL Financial
San Diego,
California
|
+$6.02M |
| 3 |
MA
MUFG Americas
New York
|
+$3.64M |
| 4 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
+$2.22M |
| 5 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFG
NewFocus Financial Group
Vancouver,
Washington
|
-$1.03M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$927K |
| 3 |
PWM
Perigon Wealth Management
San Francisco,
California
|
-$686K |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$673K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$425K |
CMF Hedge Fund Activity: Q1 2016 in Review
70 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2016, worth a combined $177M — up 25% from $141M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CMF positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.
The largest buyer was Bailard, opening a new position worth an estimated $16M. The largest seller was NewFocus Financial Group, exiting entirely with an estimated $1.03M sold.
- 70 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2016, up from 69 in Q4 2015.
- Funds reported $177M of iShares California Muni Bond ETF stock for Q1 2016, up 25% quarter-over-quarter.
- 7 funds opened new iShares California Muni Bond ETF positions in Q1 2016 and 6 closed out, a net change of +1 holder.
- The largest iShares California Muni Bond ETF buyer in Q1 2016 was Bailard, an estimated $16M added.
- The largest iShares California Muni Bond ETF seller in Q1 2016 was NewFocus Financial Group, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2016.