iShares California Muni Bond ETF
174 hedge funds and large institutions have $923M invested in iShares California Muni Bond ETF in 2020 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 69 increasing their positions, 44 reducing their positions, and 10 closing their positions.
370% more capital inflows, than outflows
Capital inflows: $228M | Capital outflows: $48.6M
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
57% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 44
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
7% more funds holding
Funds holding: 162 → 174 (+12)
5.48% more ownership
Funds ownership: 54.66% → 60.14% (+5.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab Investment Advisory
San Francisco,
California
|
+$86.3M |
| 2 |
Jane Street
New York
|
+$27.8M |
| 3 |
B. Riley Wealth Management
Memphis,
Tennessee
|
+$20.7M |
| 4 |
NewFocus Financial Group
Vancouver,
Washington
|
+$15.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Miracle Mile Advisors
Los Angeles,
California
|
-$15.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.2M |
| 3 |
Bank of New York Mellon
New York
|
-$5.65M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.09M |
| 5 |
Mission Wealth Management
Santa Barbara,
California
|
-$4.36M |
CMF Hedge Fund Activity: Q2 2020 in Review
174 of the 4,890 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q2 2020, worth a combined $923M — up 27% from $727M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CMF positions and 10 closed out — a net gain of 13 holders — while 69 added to existing stakes and 44 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $86.3M. The largest seller was Miracle Mile Advisors, cutting an estimated $15.2M.
- 174 institutional investors held iShares California Muni Bond ETF (CMF) as of Q2 2020, up from 162 in Q1 2020.
- Funds reported $923M of iShares California Muni Bond ETF stock for Q2 2020, up 27% quarter-over-quarter.
- 23 funds opened new iShares California Muni Bond ETF positions in Q2 2020 and 10 closed out, a net change of +13 holders.
- The largest iShares California Muni Bond ETF buyer in Q2 2020 was Charles Schwab Investment Advisory, an estimated $86.3M added.
- The largest iShares California Muni Bond ETF seller in Q2 2020 was Miracle Mile Advisors, an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2020.