First Trust California Municipal High Income
FCAL • NASDAQ
First Trust California Municipal High Income is an exchange-traded fund on NASDAQ. As of Q3 2025, 67 institutional investors hold shares in this ETF, with total holdings valued at $121.2M. LPL Financial LLC is the largest holder with a position valued at $41.5M.
Overview
Overview of institutional ownership in FCAL as of Q3 2025
All Institutions
- Institutions
- 67
- Value Held
- $121.2M
- Shares Held
- 2.5M
- Avg Position
- $1.8M
- Median Position
- $542.4K
Hedge Funds
- Hedge Funds
- 1
- Value Held
- $239.7K
- Shares Held
- 4.9K
- Avg Position
- $239.7K
- Median Position
- $239.7K
Biggest Investors
Institutions with the largest positions in FCAL as of Q3 2025
| Institution | Position Value |
|---|---|
L LPL Financial LLC Institution | $41.5M 0.01% of portfolio |
 MORGAN STANLEY RIA/Wealth | $10.2M 0.00% of portfolio |
 Miracle Mile Advisors, LLC RIA/Wealth | $7.5M 0.11% of portfolio |
C Citizens Business Bank Pension/Endowment | $6.1M 1.01% of portfolio |
 Westside Investment Management, Inc. RIA/Wealth | $5.4M 0.92% of portfolio |
G GUGGENHEIM CAPITAL LLC Institution | $5.0M 0.04% of portfolio |
 Cetera Investment Advisers RIA/Wealth | $3.6M 0.00% of portfolio |
 Southland Equity Partners LLC RIA/Wealth | $2.6M 0.55% of portfolio |
 Ignite Planners, LLC RIA/Wealth | $2.6M 0.43% of portfolio |
 Mariner Wealth Advisors, LLC RIA/Wealth | $2.3M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for FCAL in Q3 2025
- Traded
- +$3.0M
- Buyers
- 34
- Sellers
- 36
- Total Bought
- +$15.9M
- Total Sold
- −$12.9M
- Avg Position
- $1.6M
Biggest Buyers
| Institution | Net Bought |
|---|---|
Miracle Mile Advisors, LLC RIA/Wealth | +$7.5M +-1.8M shares |
L LPL Financial LLC Institution | +$3.1M +62.7K shares |
W WESPAC Advisors SoCal, LLC Institution | +$745.5K +15.3K shares |
 Koshinski Asset Management, Inc. RIA/Wealth | +$544.5K +11.2K shares |
A Advisor Group Holdings, Inc. Institution | +$539.0K +11.1K shares |
 Golden State Wealth Management, LLC RIA/Wealth | +$486.7K +10.0K shares |
Cetera Investment Advisers RIA/Wealth | +$427.5K +8.8K shares |
 Hennion & Walsh Asset Management, Inc. RIA/Wealth | +$352.4K +7.2K shares |
Ignite Planners, LLC RIA/Wealth | +$330.9K +6.8K shares |
 SeaCrest Wealth Management, LLC RIA/Wealth | +$289.6K +5.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
J JANE STREET GROUP, LLC Institution | −$3.5M −72.5K shares |
O OLD MISSION CAPITAL LLC Institution | −$1.6M −33.3K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | −$1.6M −33.0K shares |
 MANCHESTER FINANCIAL INC RIA/Wealth | −$931.6K −19.4K shares |
Mariner Wealth Advisors, LLC RIA/Wealth | −$592.5K −12.2K shares |
B Blue Zone Wealth Advisors, LLC RIA/Wealth | −$477.3K −9.8K shares |
 CHANNEL WEALTH LLC RIA/Wealth | −$472.7K −9.7K shares |
 Rockefeller Capital Management L.P. Long Only Manager | −$438.9K −9.0K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$244.9K −5.1K shares |
 We Are One Seven, LLC RIA/Wealth | −$243.9K −5.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited FCAL in Q3 2025
- New Positions
- 5
- New Value
- $1.9M
- Exited Positions
- 9
- Exited Value
- $5.1M
New Positions
| Institution | Position Value |
|---|---|
W WESPAC Advisors SoCal, LLC Institution | $745.5K 15.3K shares |
Koshinski Asset Management, Inc. RIA/Wealth | $544.5K 11.2K shares |
Hennion & Walsh Asset Management, Inc. RIA/Wealth | $352.4K 7.2K shares |
 Quantinno Capital Management LP Hedge Fund•Market Neutral | $239.7K 4.9K shares |
C COMERICA BANK Institution | $48.0K 984.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
O OLD MISSION CAPITAL LLC Institution | $1.6M 33.3K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | $1.6M 33.0K shares |
MANCHESTER FINANCIAL INC RIA/Wealth | $931.6K 19.4K shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $244.9K 5.1K shares |
 Private Advisor Group, LLC RIA/Wealth | $243.3K 5.1K shares |
 Diversified Portfolios, Inc. RIA/Wealth | $210.3K 4.4K shares |
R Rossby Financial, LCC RIA/Wealth | $143.9K 3.0K shares |
 CHILTON CAPITAL MANAGEMENT LLC RIA/Wealth | $134.0K 2.8K shares |
 SRS Capital Advisors, Inc. RIA/Wealth | $57.6K 1.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in FCAL 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 FCAL as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
C Citizens Business Bank Pension/Endowment | 1.01% $6.1M |
Westside Investment Management, Inc. RIA/Wealth | 0.92% $5.4M |
 Entruity Wealth, LLC RIA/Wealth | 0.78% $1.0M |
Southland Equity Partners LLC RIA/Wealth | 0.55% $2.6M |
 Catalina Capital Group, LLC RIA/Wealth | 0.53% $844.2K |
 Running Point Capital Advisors, LLC RIA/Wealth | 0.48% $1.8M |
Ignite Planners, LLC RIA/Wealth | 0.43% $2.6M |
 INTEGRAL INVESTMENT ADVISORS, INC. RIA/Wealth | 0.40% $1.5M |
 FORONJY FINANCIAL LLC RIA/Wealth | 0.35% $809.1K |
 Guild Investment Management, Inc. RIA/Wealth | 0.31% $390.2K |
Hedge Fund Spotlight
Discover hedge funds investing in FCAL
Quantinno Capital Management LP
Hedge Fund • Market Neutral
Portfolio ManagerHoon Nmn Kim
- Portfolio Value
- $36.6B
- Positions
- 2,911
- Last Reported
- Q3 2025
Sector Allocation
Position in First Trust California Municipal High Income
- Market Value
- $239.7K
- Shares Held
- 4.9K
- Portfolio Weight
- 0.00%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Semiconductors Technology | $2.1B | 5.71% | |
Consumer Electronics Technology | $1.9B | 5.06% | |
Software - Infrastructure Technology | $1.4B | 3.93% |
