iShares California Muni Bond ETF
336 hedge funds and large institutions have $2.71B invested in iShares California Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 159 increasing their positions, 69 reducing their positions, and 21 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 69
110% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 21
13% more capital invested
Capital invested by funds: $2.39B → $2.71B (+$314M)
7% more funds holding
Funds holding: 315 → 336 (+21)
1.02% more ownership
Funds ownership: 70.58% → 71.6% (+1%)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.03M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
+$66.1M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$40.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$16.8M |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$11.2M |
| 5 |
Jane Street
New York
|
+$7.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$11.2M |
| 2 |
GC
Garde Capital
Seattle,
Washington
|
-$6.79M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.11M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.46M |
| 5 |
RI
Rinkey Investments
San Diego,
California
|
-$3.23M |
CMF Hedge Fund Activity: Q4 2025 in Review
336 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2025, worth a combined $2.71B — up 13% from $2.39B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CMF positions and 21 closed out — a net gain of 23 holders — while 159 added to existing stakes and 69 trimmed.
The largest buyer was Wealthfront Advisers, adding an estimated $66.1M. The largest seller was Renaissance Technologies, cutting an estimated $11.2M.
- 336 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2025, up from 315 in Q3 2025.
- Funds reported $2.71B of iShares California Muni Bond ETF stock for Q4 2025, up 13% quarter-over-quarter.
- 44 funds opened new iShares California Muni Bond ETF positions in Q4 2025 and 21 closed out, a net change of +23 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2025 was Wealthfront Advisers, an estimated $66.1M added.
- The largest iShares California Muni Bond ETF seller in Q4 2025 was Renaissance Technologies, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2025.