Vault-13

ISHARES TR CMF

CALIF MUN BD ETF · ETP · CUSIP 464288356

249 institutional holders +29 vs Q3 2023
37,772,02737.8m shares reported held*
$2.2bnreported value*
32 new 87 added 79 reduced 19 sold out net bought ≈ $474.9m (+8.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($266.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.94. Options: 0 managers hold calls (— notional), 1 hold puts ($249.1k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 194Q4 22: 209Q1 23: 206Q2 23: 206Q3 23: 220Q4 23: 249249Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022194
Q4 2022209
Q1 2023206
Q2 2023206
Q3 2023220
Q4 2023249

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 111 bought or addedQ4 22: 73 cut or sold outQ4 22Q1 23: 101 bought or addedQ1 23: 77 cut or sold outQ1 23Q2 23: 111 bought or addedQ2 23: 65 cut or sold outQ2 23Q3 23: 117 bought or addedQ3 23: 71 cut or sold outQ3 23Q4 23: 119 bought or addedQ4 23: 98 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211173
Q1 202310177
Q2 202311165
Q3 202311771
Q4 202311998

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ1 23 calls: $258.4kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $0Q2 23 puts: $682.4kQ2 23P/C —Q3 23 calls: $0Q3 23 puts: $691.0kQ3 23P/C —Q4 23 calls: $0Q4 23 puts: $249.1kQ4 23P/C —
Numbers
QuarterCallsPutsP/C
Q1 2023$258.4k$00.00
Q2 2023$0$682.4k—
Q3 2023$0$691.0k—
Q4 2023$0$249.1k—

Biggest buyers

FMR LLC Added +2,593,090+2.6m
Charles Schwab Investment Advisory, Inc. Added +1,677,661+1.7m
MORGAN STANLEY Added +1,670,924+1.7m
EP Wealth Advisors, LLC Added +831,444+831.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +701,513+701.5k
ENVESTNET ASSET MANAGEMENT INC Added +468,618+468.6k
MERCER GLOBAL ADVISORS INC /ADV Added +434,352+434.4k
Raub Brock Capital Management LP New +418,765+418.8k
Financial Connections Group, Inc. New +267,515+267.5k
RENAISSANCE TECHNOLOGIES LLC New +252,800+252.8k

Biggest sellers

BAILARD, INC. Reduced -679,069-679.1k
JANE STREET GROUP, LLC Reduced -487,313-487.3k
Stratos Wealth Partners, LTD. Reduced -402,307-402.3k
Brio Consultants, LLC Reduced -233,168-233.2k
Composition Wealth, LLC Reduced -116,992-117.0k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -98,246-98.2k
FLOW TRADERS U.S. LLC Sold out -67,980-68.0k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -66,692-66.7k
BANK OF MONTREAL /CAN/ Reduced -63,386-63.4k
OLD MISSION CAPITAL LLC Sold out -53,200-53.2k

Biggest calls

None

Biggest puts

WOLVERINE TRADING, LLC Reduced $249.1k4.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Charles Schwab Investment Advisory, Inc. 0.76% of their portfolio SAN FRANCISCO, CA 9,083,8849.1m $526.3m $526.3m 0.76% Added +1.7m +1,677,661
2 FMR LLC 0.02% of their portfolio BOSTON, MA 4,636,6964.6m $268.7m $268.7m 0.02% Added +2.6m +2,593,090
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,340,7803.3m $193.6m $193.6m 0.01% Added +1.7m +1,670,924
4 EP Wealth Advisors, LLC 0.94% of their portfolio TORRANCE, CA 1,266,2771.3m $73.4m $73.4m 0.94% Added +831.4k +831,444
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,153,8611.2m $66.9m $66.9m 0.01% Added +180.9k +180,902
6 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 904,007904.0k $52.4m $52.4m 0.02% Added +468.6k +468,618
7 UBS Group AG 0.02% of their portfolio ZURICH, V8 893,926893.9k $51.8m $51.8m 0.02% Added +100.3k +100,346
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 747,521747.5k $43.3m $43.3m 0.05% Added +701.5k +701,513
9 Mariner, LLC 0.10% of their portfolio Overland Park, KS 727,484727.5k $42.2m $42.2m 0.10% Reduced -5.3k -5,283
10 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 683,456683.5k $39.6m $39.6m 0.02% Reduced -7.3k -7,277
11 TIAA TRUST, NATIONAL ASSOCIATION 0.12% of their portfolio CHARLOTTE, NC 626,613626.6k $36.3m $36.3m 0.12% Reduced -66.7k -66,692
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 605,000605.0k $35.1m $35.1m 0.01% Added +86.4k +86,364
13 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 537,838537.8k $31.2m $31.2m 0.09% Added +434.4k +434,352
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 442,550442.6k $25.6m $25.6m 0.00% Added +227.7k +227,744
15 Manhattan West Asset Management, LLC 7.09% of their portfolio Los Angeles, CA 436,230436.2k $25.3m $25.3m 7.09% Reduced -473 -473
16 Slow Capital, Inc. 4.30% of their portfolio GREENBRAE, CA 422,778422.8k $24.5m $24.5m 4.30% Reduced -28.8k -28,755
17 Raub Brock Capital Management LP 5.08% of their portfolio LARKSPUR, CA 418,765418.8k $24.3m $24.3m 5.08% New
18 FIRST FOUNDATION ADVISORS 1.09% of their portfolio Irvine, CA 414,349414.3k $24.0m $24.0m 1.09% Added +62.3k +62,286
19 RWA WEALTH PARTNERS, LLC 0.27% of their portfolio BOSTON, MA 332,298332.3k $19.3m $19.3m 0.27% Reduced -1.7k -1,678
20 Orin Green Financial, LLC 9.45% of their portfolio SAN DIEGO, CA 330,689330.7k $19.2m $19.2m 9.45% Added +13.8k +13,840
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 327,920327.9k $19.0m $19.0m 0.00% Added +252.5k +252,547
22 Composition Wealth, LLC 0.49% of their portfolio LOS ANGELES, CA 310,455310.5k $18.0m $18.0m 0.49% Reduced -117.0k -116,992
23 BlackRock Inc. 0.00% of their portfolio New York, NY 295,438295.4k $17.1m $17.1m 0.00% Reduced -584 -584
24 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 294,943294.9k $17.1m $17.1m 0.01% Added +104.0k +103,968
25 Opes Wealth Management LLC 4.09% of their portfolio MENLO PARK, CA 294,114294.1k $17.0m $17.0m 4.09% Added +15.8k +15,833
26 Facet Wealth, Inc. 0.64% of their portfolio WEST PALM BEACH, FL 289,123289.1k $16.6m $16.6m 0.64% Added +28.9k +28,876
27 Brio Consultants, LLC 2.86% of their portfolio SAN FRANCISCO, CA 278,516278.5k $16.1m $16.1m 2.86% Reduced -233.2k -233,168
28 Financial Connections Group, Inc. 10.04% of their portfolio CORTE MADERA, CA 267,515267.5k $15.5m $15.5m 10.04% New
29 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 252,800252.8k $14.6m $14.6m 0.02% New
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 235,202235.2k $13.6m $13.6m 0.00% Added +94.0k +94,027
31 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 232,962233.0k $13.5m $13.5m 0.05% Added +7.1k +7,118
32 MYECFO, LLC 7.04% of their portfolio La Jolla, CA 192,121192.1k $11.2m $11.2m 7.04% Reduced -467 -467
33 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 184,782184.8k $10.7m $10.7m 0.00% Reduced -63.4k -63,386
34 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 180,512180.5k $10.5m $10.5m 0.02% Added +54.0k +54,003
35 WEALTHSOURCE PARTNERS, LLC 0.67% of their portfolio SAN LUIS OBISPO, CA 178,846178.8k $10.4m $10.4m 0.67% Reduced -17.2k -17,217
36 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 172,581172.6k $10.0m $10.0m 0.02% Reduced -28.3k -28,337
37 Pure Financial Advisors, LLC 0.34% of their portfolio SAN DIEGO, CA 171,654171.7k $9.9m $9.9m 0.34% Reduced -18.6k -18,641
38 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 159,521159.5k $9.2m $9.2m 0.02% Reduced -6.2k -6,159
39 BAILARD, INC. 0.25% of their portfolio Foster City, CA 145,990146.0k $8.5m $8.5m 0.25% Reduced -679.1k -679,069
40 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 141,789141.8k $8.2m $8.2m 0.07% Added +5.6k +5,640
41 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 126,513126.5k $7.3m $7.3m 0.02% Reduced -25.4k -25,376
42 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 122,779122.8k $7.1m $7.1m 0.09% Added +19.9k +19,926
43 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 121,116121.1k $7.0m $7.0m 0.01% Reduced -40.0k -40,042
44 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.20% of their portfolio LOS ANGELES, CA 119,441119.4k $6.9m $6.9m 0.20% New
45 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 117,688117.7k $6.8m $6.8m 0.02% Added +18.2k +18,207
46 CHOREO, LLC 0.18% of their portfolio ROCKFORD, IL 116,281116.3k $6.7m $6.7m 0.18% Reduced -9.4k -9,385
47 Betterment LLC 0.02% of their portfolio NEW YORK, NY 115,581115.6k $6.7m $6.7m 0.02% Added +1.2k +1,168
48 MISSION WEALTH MANAGEMENT, LP 0.22% of their portfolio Santa Barbara, CA 113,640113.6k $6.6m $6.6m 0.22% Reduced -24.5k -24,470
49 Rinkey Investments 2.50% of their portfolio San Diego, CA 109,782109.8k $6.4m $6.4m 2.50% Added +15.9k +15,918
50 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 108,796108.8k $6.3m $6.3m 0.01% Added +9.1k +9,112
51 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 105,926105.9k $6.1m $6.1m 0.03% Added +5.2k +5,231
52 Navalign, LLC 2.06% of their portfolio ENCINO, CA 101,821101.8k $5.9m $5.9m 2.06% Added +6.7k +6,715
53 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 97,63197.6k $5.7m $5.7m 0.02% Reduced -35.4k -35,352
54 Traveka Wealth, LLC 2.69% of their portfolio LOS ALTOS, CA 92,14892.1k $5.3m $5.3m 2.69% First filing
55 Parallel Advisors, LLC 0.16% of their portfolio SAN FRANCISCO, CA 90,68490.7k $5.3m $5.3m 0.16% Added +409 +409
56 BANK OF STOCKTON 1.64% of their portfolio STOCKTON, CA 86,48086.5k $5.0m $5.0m 1.64% Reduced -4.5k -4,503
57 Prime Capital Investment Advisors, LLC 0.07% of their portfolio OVERLAND PARK, KS 85,29685.3k $4.9m $4.9m 0.07% Reduced -49.5k -49,524
58 Dynamic Advisor Solutions LLC 0.18% of their portfolio PHOENIX, AZ 85,23185.2k $4.9m $4.9m 0.18% Reduced -31.3k -31,252
59 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 82,67082.7k $4.8m $4.8m 0.00% Unchanged
60 Freestone Capital Holdings, LLC 0.20% of their portfolio Seattle, WA 75,57175.6k $4.4m $4.4m 0.20% Added +8.0k +8,025
61 Certus Wealth Management, LLC 3.60% of their portfolio SAN CARLOS, CA 73,23473.2k $4.2m $4.2m 3.60% Added +23.2k +23,185
62 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 68,49668.5k $4.0m $4.0m 0.03% Added +63.1k +63,138
63 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.59% of their portfolio ALAMO, CA 66,74666.7k $3.9m $3.9m 0.59% Reduced -25.5k -25,547
64 FIRST AMERICAN TRUST, FSB 0.47% of their portfolio SANTA ANA, CA 65,40765.4k $3.8m $3.8m 0.47% Added +15.9k +15,945
65 Affinity Capital Advisors, LLC 0.92% of their portfolio BERKELEY, CA 65,11965.1k $3.8m $3.8m 0.92% Reduced -2.3k -2,289
66 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.03% of their portfolio IRVING, TX 62,35562.4k $3.6m $3.6m 0.03% Reduced -98.2k -98,246
67 WHITTIER TRUST CO 0.06% of their portfolio SOUTH PASADENA, CA 61,81961.8k $3.6m $3.6m 0.06% Reduced -2.7k -2,664
68 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio Greenbrae, CA 59,47559.5k $3.4m $3.4m 0.21% Added +8.6k +8,550
69 Omega Financial Group, LLC 1.44% of their portfolio Santa Barbara, CA 58,17058.2k $3.4m $3.4m 1.44% Reduced -57 -57
70 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 58,12358.1k $3.4m $3.4m 0.01% Added +11.5k +11,484
71 LINCOLN NATIONAL CORP 0.06% of their portfolio RADNOR, PA 57,69357.7k $3.3m $3.3m 0.06% Reduced -2.3k -2,349
72 Warren Street Wealth Advisors, LLC 1.82% of their portfolio IRVINE, CA 55,47855.5k $3.2m $3.2m 1.82% Reduced -897 -897
73 SteelPeak Wealth, LLC 0.18% of their portfolio WOODLAND HILLS, CA 54,26254.3k $3.1m $3.1m 0.18% Reduced -10.7k -10,693
74 Elmwood Wealth Management, Inc. 2.14% of their portfolio BERKELEY, CA 52,62252.6k $3.0m $3.0m 2.14% Added +3.1k +3,140
75 Creative Capital Management Investments LLC 1.76% of their portfolio SAN DIEGO, CA 52,51552.5k $3.0m $3.0m 1.76% Reduced -17.7k -17,665
76 Spinnaker Investment Group, LLC 0.91% of their portfolio Newport Beach, CA 52,01652.0k $3.0m $3.0m 0.91% Reduced -20.8k -20,771
77 Bell Investment Advisors, Inc 0.60% of their portfolio ORINDA, CA 50,84650.8k $2.9m $2.9m 0.60% Added +2.1k +2,099
78 Heritage Wealth Management, Inc. /CA/ 2.91% of their portfolio SAN DIEGO, CA 46,66346.7k $2.7m $2.7m 2.91% First filing
79 EVERGREEN CAPITAL MANAGEMENT LLC 0.11% of their portfolio Bellevue, WA 45,87945.9k $2.7m $2.7m 0.11% Unchanged
80 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 44,70044.7k $2.6m $2.6m 0.00% Reduced -15.6k -15,596
81 Williams & Novak, LLC 2.93% of their portfolio WESTLAKE VILLAGE, CA 44,50044.5k $2.6m $2.6m 2.93% First filing
82 DeDora Capital, Inc. 0.84% of their portfolio Napa, CA 41,31941.3k $2.4m $2.4m 0.84% Reduced -96 -96
83 Westside Investment Management, Inc. 0.59% of their portfolio SANTA MONICA, CA 39,67039.7k $2.3m $2.3m 0.59% Added +2.1k +2,148
84 EHRLICH FINANCIAL GROUP 2.30% of their portfolio LAGUNA NIGUEL, CA 39,63939.6k $2.3m $2.3m 2.30% First filing
85 Pacific Capital Wealth Advisors, Inc. 0.57% of their portfolio CORONA, CA 39,08239.1k $2.3m $2.3m 0.57% Reduced -3.2k -3,204
86 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 37,01737.0k $2.1m $2.1m 0.00% Added +1.0k +1,022
87 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 36,90136.9k $2.1m $2.1m 0.01% Added +1.4k +1,394
88 Leisure Capital Management 1.02% of their portfolio COSTA MESA, CA 32,67532.7k $1.9m $1.9m 1.02% Added +1.9k +1,854
89 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.06% of their portfolio Seattle, WA 29,67029.7k $1.7m $1.7m 0.06% Added +4.2k +4,242
90 Towerpoint Wealth, LLC 0.87% of their portfolio SACRAMENTO, CA 27,49727.5k $1.6m $1.6m 0.87% Reduced -2.2k -2,221
91 GOULD ASSET MANAGEMENT LLC /CA/ 0.41% of their portfolio CLAREMONT, CA 27,17527.2k $1.6m $1.6m 0.41% Added +7.1k +7,060
92 Running Point Capital Advisors, LLC 0.76% of their portfolio EL SEGUNDO, CA 27,05427.1k $1.6m $1.6m 0.76% Reduced -7.2k -7,171
93 SimpliFi, Inc. 0.72% of their portfolio SAN DIEGO, CA 26,83126.8k $1.5m $1.5m 0.72% Unchanged
94 Apella Capital, LLC 0.09% of their portfolio WEST HARTFORD, CT 26,41326.4k $1.5m $1.5m 0.09% Added +7.4k +7,414
95 ECLECTIC ASSOCIATES INC /ADV 0.73% of their portfolio FULLERTON, CA 26,36226.4k $1.5m $1.5m 0.73% Added +21.2k +21,213
96 Safeguard Investment Advisory Group, LLC 0.58% of their portfolio Corona, CA 26,35426.4k $1.5m $1.5m 0.58% Reduced -1.4k -1,439
97 Clark Asset Management, LLC 0.55% of their portfolio STRATHAM, NH 26,15826.2k $1.5m $1.5m 0.55% Added +254 +254
98 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 26,11026.1k $1.5m $1.5m 0.00% Added +3.3k +3,319
99 HCR Wealth Advisors 0.23% of their portfolio LOS ANGELES, CA 24,81624.8k $1.4m $1.4m 0.23% Added +4.5k +4,468
100 Boltwood Capital Management 0.47% of their portfolio WALNUT CREEK, CA 24,37524.4k $1.4m $1.4m 0.47% Reduced -1.6k -1,575