iShares California Muni Bond ETF
315 hedge funds and large institutions have $2.39B invested in iShares California Muni Bond ETF in 2025 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 137 increasing their positions, 97 reducing their positions, and 22 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 97
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
1% less funds holding
Funds holding: 318 → 315 (-3)
4.81% less ownership
Funds ownership: 75.39% → 70.58% (-4.8%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
11% less capital invested
Capital invested by funds: $2.7B → $2.39B (-$310M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$26.2M |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
+$19.3M |
| 3 |
Renaissance Technologies
New York
|
+$8.76M |
| 4 |
WPC
Wedmont Private Capital
West Chester,
Pennsylvania
|
+$8.01M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$6.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
-$262M |
| 2 |
Jane Street
New York
|
-$99.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.5M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$9.77M |
| 5 |
GS
GTS Securities
Miami,
Florida
|
-$8.95M |
CMF Hedge Fund Activity: Q3 2025 in Review
315 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2025, worth a combined $2.39B — down 11% from $2.7B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CMF positions and 22 closed out — a net gain of 6 holders — while 137 added to existing stakes and 97 trimmed.
The largest buyer was Bank of America, adding an estimated $26.2M. The largest seller was Wealthfront Advisers, cutting an estimated $262M.
- 315 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2025, down from 318 in Q2 2025.
- Funds reported $2.39B of iShares California Muni Bond ETF stock for Q3 2025, down 11% quarter-over-quarter.
- 28 funds opened new iShares California Muni Bond ETF positions in Q3 2025 and 22 closed out, a net change of +6 holders.
- The largest iShares California Muni Bond ETF buyer in Q3 2025 was Bank of America, an estimated $26.2M added.
- The largest iShares California Muni Bond ETF seller in Q3 2025 was Wealthfront Advisers, an estimated $262M sold.
Based on aggregated 13F filings for Q3 2025.