iShares California Muni Bond
CMF • ARCA
iShares California Muni Bond is an exchange-traded fund on ARCA. As of Q3 2025, 305 institutional investors hold shares in this ETF, with total holdings valued at $2.4B. SCHWAB CHARLES INVESTMENT MANAGEMENT INC is the largest holder with a position valued at $441.3M.
Overview
Overview of institutional ownership in CMF as of Q3 2025
All Institutions
- Institutions
- 305
- Value Held
- $2.4B
- Shares Held
- 41.6M
- Avg Position
- $7.8M
- Median Position
- $1.1M
Hedge Funds
- Hedge Funds
- 6
- Value Held
- $25.2M
- Shares Held
- 441.2K
- Avg Position
- $4.2M
- Median Position
- $1.7M
Biggest Investors
Institutions with the largest positions in CMF as of Q3 2025
| Institution | Position Value |
|---|---|
 SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager | $441.3M 0.07% of portfolio |
 Wealthfront Advisers LLC RIA/Wealth | $225.8M 0.53% of portfolio |
 FMR LLC Institution | $114.8M 0.01% of portfolio |
 MORGAN STANLEY RIA/Wealth | $100.9M 0.01% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $93.6M 0.01% of portfolio |
 BAILARD, INC. RIA/Wealth | $81.8M 1.80% of portfolio |
 Facet Wealth, Inc. RIA/Wealth | $79.4M 1.64% of portfolio |
 SYON CAPITAL LLC RIA/Wealth | $65.7M 3.54% of portfolio |
L LPL Financial LLC Institution | $50.8M 0.01% of portfolio |
 Mariner Wealth Advisors, LLC RIA/Wealth | $50.0M 0.06% of portfolio |
Net Capital Flow
Institutional buying and selling activity for CMF in Q3 2025
- Traded
- −$199.1M
- Buyers
- 163
- Sellers
- 113
- Total Bought
- +$174.0M
- Total Sold
- −$373.1M
- Avg Position
- $7.3M
Biggest Buyers
| Institution | Net Bought |
|---|---|
BANK OF AMERICA CORP /DE/ Institution | +$26.7M +468.7K shares |
+$19.7M +345.5K shares | |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | +$8.9M +156.6K shares |
 Wedmont Private Capital RIA/Wealth | +$8.2M +143.2K shares |
 MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | +$6.5M +114.7K shares |
Facet Wealth, Inc. RIA/Wealth | +$6.5M +114.1K shares |
C Colony Group, LLC Institution | +$6.1M +107.8K shares |
 Cetera Investment Advisers RIA/Wealth | +$5.6M +98.0K shares |
BAILARD, INC. RIA/Wealth | +$5.1M +89.9K shares |
G GUGGENHEIM CAPITAL LLC Institution | +$3.9M +68.3K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
Wealthfront Advisers LLC RIA/Wealth | −$267.5M −4.7M shares |
FMR LLC Institution | −$21.9M −383.8K shares |
 FIRST FOUNDATION ADVISORS RIA/Wealth | −$10.0M −174.6K shares |
G GTS SECURITIES LLC Institution | −$9.0M −160.6K shares |
 Miracle Mile Advisors, LLC RIA/Wealth | −$6.0M −104.4K shares |
 Goss Wealth Management LLC RIA/Wealth | −$4.9M −85.3K shares |
 GOLDMAN SACHS GROUP INC Institution | −$4.6M −80.4K shares |
SYON CAPITAL LLC RIA/Wealth | −$3.1M −54.6K shares |
 UBS Group AG Institution | −$2.5M −44.4K shares |
 CAPTRUST FINANCIAL ADVISORS RIA/Wealth | −$2.3M −39.5K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited CMF in Q3 2025
- New Positions
- 13
- New Value
- $6.3M
- Exited Positions
- 22
- Exited Value
- $16.7M
New Positions
| Institution | Position Value |
|---|---|
 Savvy Advisors, Inc. RIA/Wealth | $1.8M 31.8K shares |
R ROOF EIDAM & MAYCOCK/ADV RIA/Wealth | $1.0M 17.9K shares |
 Impact Investors, Inc RIA/Wealth | $922.3K 16.2K shares |
 Diversified Portfolios, Inc. RIA/Wealth | $521.3K 9.1K shares |
C Camden Capital, LLC RIA/Wealth | $499.4K 8.8K shares |
 Fundamentun, LLC RIA/Wealth | $376.4K 6.6K shares |
 HILL ISLAND FINANCIAL LLC RIA/Wealth | $320.6K 5.6K shares |
 Gateway Wealth Partners, LLC RIA/Wealth | $219.6K 3.9K shares |
 TLWM RIA/Wealth | $202.8K 3.6K shares |
 Golden State Equity Partners RIA/Wealth | $202.5K 3.6K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
G GTS SECURITIES LLC Institution | $9.0M 160.6K shares |
F FLOW TRADERS U.S. LLC Institution | $1.2M 21.0K shares |
 One Degree Advisors Inc RIA/Wealth | $871.3K 15.6K shares |
P Paragon Capital Management Ltd RIA/Wealth | $728.3K 13.1K shares |
 Ariston Services Group RIA/Wealth | $717.3K 12.9K shares |
 Tenon Financial LLC RIA/Wealth | $713.4K 12.8K shares |
 SOL Capital Management CO RIA/Wealth | $469.6K 8.4K shares |
$394.6K 7.1K shares | |
 ShankerValleau Wealth Advisors, Inc. RIA/Wealth | $344.8K 6.2K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | $339.5K 6.1K shares |
Options Activity
Institutions with the largest Call and Put options positions in CMF as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with CMF as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
 Orin Green Financial, LLC RIA/Wealth | 7.42% $18.5M |
 MYECFO, LLC RIA/Wealth | 6.05% $13.3M |
 Certus Wealth Management, LLC RIA/Wealth | 4.43% $7.3M |
M Manhattan West Asset Management, LLC RIA/Wealth | 4.24% $20.0M |
 Opes Wealth Management LLC RIA/Wealth | 4.20% $23.9M |
 Rinkey Investments RIA/Wealth | 3.78% $14.3M |
 Financial Connections Group, Inc. RIA/Wealth | 3.74% $9.1M |
SYON CAPITAL LLC RIA/Wealth | 3.54% $65.7M |
 SILVER OAK WEALTH ADVISORS SERVICES, LLC RIA/Wealth | 3.46% $5.2M |
 Strive Asset Management, LLC ETF Provider | 3.11% $5.7M |
Hedge Fund Spotlight
Discover hedge funds investing in CMF
RENAISSANCE TECHNOLOGIES LLC
Hedge Fund • Quant
Portfolio ManagerPeter Fitzhugh Brown
- Portfolio Value
- $75.8B
- Positions
- 3,419
- Last Reported
- Q3 2025
Sector Allocation
Position in iShares California Muni Bond
- Market Value
- $17.6M
- Shares Held
- 307.9K
- Portfolio Weight
- 0.02%
- Owned Since
- 2022-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Software - Infrastructure Technology | $1.6B | 2.06% | |
Semiconductors Technology | $1.1B | 1.39% | |
Electronic Gaming & Multimedia Technology | $953.5M | 1.26% |
