Vault-13

ISHARES TR CMF

CALIF MUN BD ETF · ETP · CUSIP 464288356

274 institutional holders +22 vs Q2 2024
44,492,20344.5m shares reported held*
$2.6bnreported value*
31 new 122 added 65 reduced 10 sold out net bought ≈ $373.5m (+6.4m 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 ($271.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.59. Options: 1 managers hold calls ($290.6k notional), 1 hold puts ($261.8k).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 194Q4 22: 209Q1 23: 206Q2 23: 206Q3 23: 220Q4 23: 249Q1 24: 256Q2 24: 252Q3 24: 274274Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022194
Q4 2022209
Q1 2023206
Q2 2023206
Q3 2023220
Q4 2023249
Q1 2024256
Q2 2024252
Q3 2024274

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 outQ1 23: 101 bought or addedQ1 23: 77 cut or sold outQ1 23Q2 23: 111 bought or addedQ2 23: 65 cut or sold outQ3 23: 117 bought or addedQ3 23: 71 cut or sold outQ3 23Q4 23: 119 bought or addedQ4 23: 98 cut or sold outQ1 24: 144 bought or addedQ1 24: 82 cut or sold outQ1 24Q2 24: 128 bought or addedQ2 24: 88 cut or sold outQ3 24: 153 bought or addedQ3 24: 75 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 202211173
Q1 202310177
Q2 202311165
Q3 202311771
Q4 202311998
Q1 202414482
Q2 202412888
Q3 202415375

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 23 calls: $0Q4 23 puts: $249.1kQ4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $341.3kQ2 24 puts: $256.0kQ2 24P/C 0.75Q3 24 calls: $290.6kQ3 24 puts: $261.8kQ3 24P/C 0.90
Numbers
QuarterCallsPutsP/C
Q4 2023$0$249.1k—
Q1 2024$0$0—
Q2 2024$341.3k$256.0k0.75
Q3 2024$290.6k$261.8k0.90

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +3,640,060+3.6m
a16z Perennial Management, L.P. New +452,732+452.7k
Facet Wealth, Inc. Added +408,037+408.0k
BANK OF AMERICA CORP /DE/ Added +313,934+313.9k
FMR LLC Added +261,806+261.8k
BAILARD, INC. Added +137,348+137.3k
Focus Partners Wealth New +107,814+107.8k
JPMORGAN CHASE & CO Added +107,400+107.4k
Alpha Financial Partners LLC New +92,516+92.5k
Client First Capital LLC Added +86,569+86.6k

Biggest sellers

Hamilton Wealth, LLC Reduced -79,326-79.3k
Dynamic Advisor Solutions LLC Reduced -52,386-52.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -26,594-26.6k
Mariner, LLC Reduced -26,592-26.6k
WealthCollab, LLC Reduced -20,683-20.7k
HSBC HOLDINGS PLC Reduced -19,162-19.2k
FIRST FOUNDATION ADVISORS Reduced -16,711-16.7k
KWB Wealth Sold out -12,935-12.9k
One Degree Advisors Inc Reduced -12,533-12.5k
HighTower Advisors, LLC Reduced -11,018-11.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $290.6k5.0k shares

Biggest puts

WOLVERINE TRADING, LLC Unchanged $261.8k4.5k 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, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio SAN FRANCISCO, CA 13,245,17013.2m $769.7m $769.7m 0.15% Added +3.6m +3,640,060
2 FMR LLC 0.02% of their portfolio BOSTON, MA 5,909,6865.9m $343.4m $343.4m 0.02% Added +261.8k +261,806
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,796,5431.8m $104.4m $104.4m 0.01% Added +4.5k +4,477
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,358,3401.4m $78.9m $78.9m 0.01% Added +313.9k +313,934
5 EP Wealth Advisors, LLC 0.65% of their portfolio TORRANCE, CA 1,309,2151.3m $76.1m $76.1m 0.65% Added +35.5k +35,505
6 Facet Wealth, Inc. 1.61% of their portfolio WEST PALM BEACH, FL 991,976992.0k $56.6m $56.6m 1.61% Added +408.0k +408,037
7 BAILARD, INC. 1.29% of their portfolio Foster City, CA 849,445849.4k $49.4m $49.4m 1.29% Added +137.3k +137,348
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 839,190839.2k $48.8m $48.8m 0.01% Added +27.7k +27,734
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 822,606822.6k $47.8m $47.8m 0.00% Added +107.4k +107,400
10 Mariner, LLC 0.08% of their portfolio Overland Park, KS 798,665798.7k $46.4m $46.4m 0.08% Reduced -26.6k -26,592
11 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 740,654740.7k $43.0m $43.0m 0.02% Added +50.4k +50,396
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 671,284671.3k $39.0m $39.0m 0.01% Added +80.3k +80,271
13 TIAA TRUST, NATIONAL ASSOCIATION 0.11% of their portfolio CHARLOTTE, NC 642,946642.9k $37.4m $37.4m 0.11% Reduced -4.6k -4,624
14 FIRST FOUNDATION ADVISORS 1.19% of their portfolio Irvine, CA 545,023545.0k $31.7m $31.7m 1.19% Reduced -16.7k -16,711
15 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 455,915455.9k $26.5m $26.5m 0.01% Added +18.1k +18,142
16 a16z Perennial Management, L.P. 3.01% of their portfolio MENLO PARK, CA 452,732452.7k $48.7m $48.7m 3.01% New
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 426,077426.1k $24.8m $24.8m 0.01% Added +74.6k +74,590
18 Brio Consultants, LLC 3.78% of their portfolio SAN FRANCISCO, CA 408,320408.3k $23.7m $23.7m 3.78% Added +67.3k +67,323
19 Raub Brock Capital Management LP 4.81% of their portfolio LARKSPUR, CA 407,520407.5k $23.7m $23.7m 4.81% Reduced -910 -910
20 Orin Green Financial, LLC 9.07% of their portfolio SAN DIEGO, CA 362,087362.1k $21.0m $21.0m 9.07% Added +17.1k +17,139
21 RWA WEALTH PARTNERS, LLC 0.26% of their portfolio BOSTON, MA 361,051361.1k $21.0m $21.0m 0.26% Added +29.2k +29,151
22 Opes Wealth Management LLC 3.63% of their portfolio MENLO PARK, CA 324,843324.8k $18.9m $18.9m 3.63% Reduced -4.6k -4,563
23 Manhattan West Asset Management, LLC 4.79% of their portfolio Los Angeles, CA 318,972319.0k $18.5m $18.5m 4.79% Added +3.3k +3,254
24 Slow Capital, Inc. 2.81% of their portfolio GREENBRAE, CA 316,083316.1k $18.4m $18.4m 2.81% Added +20.8k +20,787
25 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 288,516288.5k $16.8m $16.8m 0.01% Added +30.2k +30,179
26 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 286,746286.7k $16.7m $16.7m 0.04% Reduced -5.6k -5,559
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 276,106276.1k $16.0m $16.0m 0.01% Reduced -26.6k -26,594
28 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 268,406268.4k $15.6m $15.6m 0.04% Added +11.3k +11,290
29 Financial Connections Group, Inc. 6.77% of their portfolio CORTE MADERA, CA 237,105237.1k $13.8m $13.8m 6.77% Reduced -9.0k -9,039
30 BlackRock, Inc. 0.00% of their portfolio New York, NY 233,064233.1k $13.5m $13.5m 0.00% First filing
31 MYECFO, LLC 6.60% of their portfolio La Jolla, CA 209,228209.2k $12.2m $12.2m 6.60% Added +1.3k +1,290
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 207,658207.7k $12.1m $12.1m 0.00% Added +5.8k +5,843
33 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 199,489199.5k $11.6m $11.6m 0.02% Reduced -7.2k -7,156
34 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 199,225199.2k $11.6m $11.6m 0.03% Added +10.3k +10,318
35 Pure Financial Advisors, LLC 0.28% of their portfolio SAN DIEGO, CA 198,397198.4k $11.5m $11.5m 0.28% Added +9.0k +9,041
36 Rinkey Investments 3.71% of their portfolio San Diego, CA 197,522197.5k $11.5m $11.5m 3.71% Added +85.3k +85,326
37 Betterment LLC 0.03% of their portfolio NEW YORK, NY 194,690194.7k $11.3m $11.3m 0.03% Added +5.5k +5,524
38 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 191,327191.3k $11.1m $11.1m 0.01% Added +15.6k +15,596
39 OneDigital Investment Advisors LLC 0.12% of their portfolio OVERLAND PARK, KS 174,506174.5k $10.1m $10.1m 0.12% Reduced -2.1k -2,125
40 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 163,719163.7k $9.5m $9.5m 0.01% Reduced -4.9k -4,870
41 West Wealth Group, LLC 2.75% of their portfolio Irvine, CA 146,243146.2k $8.5m $8.5m 2.75% Added +15.8k +15,820
42 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 145,625145.6k $8.5m $8.5m 0.03% Added +28.1k +28,073
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 143,977144.0k $8.4m $8.4m 0.00% Added +6.0k +6,030
44 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 137,920137.9k $8.0m $8.0m 0.01% Added +1.0k +1,028
45 Navalign, LLC 2.26% of their portfolio ENCINO, CA 132,275132.3k $7.7m $7.7m 2.26% Added +6.3k +6,317
46 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 131,129131.1k $7.6m $7.6m 0.02% Added +1.5k +1,475
47 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 131,059131.1k $7.6m $7.6m 0.09% Reduced -423 -423
48 Composition Wealth, LLC 0.17% of their portfolio LOS ANGELES, CA 129,848129.8k $7.5m $7.5m 0.17% Reduced -7.6k -7,645
49 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 128,509128.5k $7.5m $7.5m 0.05% Added +2.7k +2,696
50 Certus Wealth Management, LLC 5.17% of their portfolio SAN CARLOS, CA 127,830127.8k $7.4m $7.4m 5.17% Added +2.0k +1,977
51 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 115,493115.5k $6.7m $6.7m 0.01% Added +1.2k +1,189
52 MISSION WEALTH MANAGEMENT, LP 0.16% of their portfolio Santa Barbara, CA 109,818109.8k $6.4m $6.4m 0.16% Reduced -338 -338
53 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 108,978109.0k $6.3m $6.3m 0.01% Added +2.1k +2,133
54 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 107,814107.8k $6.3m $6.3m 0.02% New
55 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 107,808107.8k $6.3m $6.3m 0.02% Added +3.2k +3,234
56 CHOREO, LLC 0.09% of their portfolio ROCKFORD, IL 107,494107.5k $6.3m $6.3m 0.09% Reduced -3.3k -3,315
57 Affinity Capital Advisors, LLC 1.15% of their portfolio BERKELEY, CA 101,900101.9k $5.9m $5.9m 1.15% Reduced -2.0k -1,952
58 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 92,94692.9k $5.3m $5.3m 0.03% Added +28.1k +28,104
59 Alpha Financial Partners LLC 3.83% of their portfolio LEXINGTON, KY 92,51692.5k $5.4m $5.4m 3.83% New
60 EHRLICH FINANCIAL GROUP 3.83% of their portfolio LAGUNA NIGUEL, CA 92,51692.5k $5.4m $5.4m 3.83% Added +13.2k +13,158
61 Client First Capital LLC 2.97% of their portfolio SAN DIEGO, CA 92,44092.4k $5.4m $5.4m 2.97% Added +86.6k +86,569
62 AMARA FINANCIAL, LLC. 4.97% of their portfolio SAN FRANCISCO, CA 89,32289.3k $5.2m $5.2m 4.97% First filing
63 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 89,28689.3k $5.2m $5.2m 0.03% Reduced -4.3k -4,316
64 Parallel Advisors, LLC 0.12% of their portfolio SAN FRANCISCO, CA 88,15588.2k $5.1m $5.1m 0.12% Added +22 +22
65 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 88,06088.1k $5.1m $5.1m 0.04% Added +15.8k +15,757
66 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 82,67082.7k $4.8m $4.8m 0.00% Unchanged
67 BANK OF STOCKTON 1.42% of their portfolio STOCKTON, CA 81,31381.3k $4.7m $4.7m 1.42% Reduced -107 -107
68 Prime Capital Investment Advisors, LLC 0.07% of their portfolio OVERLAND PARK, KS 80,62280.6k $4.7m $4.7m 0.07% Reduced -1.1k -1,103
69 Traveka Wealth, LLC 2.30% of their portfolio LOS ALTOS, CA 77,82977.8k $4.5m $4.5m 2.30% Reduced -2.3k -2,283
70 Omega Financial Group, LLC 1.69% of their portfolio Santa Barbara, CA 76,55776.6k $4.4m $4.4m 1.69% Added +3.7k +3,662
71 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.56% of their portfolio ALAMO, CA 76,13576.1k $4.4m $4.4m 0.56% Added +2.9k +2,865
72 FIRST AMERICAN TRUST, FSB 0.42% of their portfolio SANTA ANA, CA 72,41072.4k $4.2m $4.2m 0.42% Added +2.5k +2,488
73 Freestone Capital Holdings, LLC 0.14% of their portfolio Seattle, WA 71,36171.4k $4.1m $4.1m 0.14% Reduced -774 -774
74 WHITTIER TRUST CO 0.05% of their portfolio SOUTH PASADENA, CA 66,91666.9k $3.9m $3.9m 0.05% Reduced -1.9k -1,902
75 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.09% of their portfolio MINNEAPOLIS, MN 65,68065.7k $3.8m $3.8m 0.09% Added +5.8k +5,849
76 Westfuller Advisors, LLC 2.69% of their portfolio New York, NY 64,44864.4k $3.7m $3.7m 2.69% First filing
77 Elmwood Wealth Management, Inc. 1.54% of their portfolio BERKELEY, CA 64,16364.2k $3.7m $3.7m 1.54% Added +2.4k +2,353
78 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 63,92463.9k $3.7m $3.7m 0.01% Added +10.1k +10,111
79 Bell Investment Advisors, Inc 0.63% of their portfolio ORINDA, CA 59,35359.4k $3.4m $3.4m 0.63% Added +3.7k +3,663
80 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 59,06359.1k $3.4m $3.4m 0.01% Added +10.0k +9,982
81 TOWNSQUARE CAPITAL LLC 0.04% of their portfolio Lehi, UT 57,13057.1k $3.3m $3.3m 0.04% Added +43.5k +43,488
82 SteelPeak Wealth, LLC 0.15% of their portfolio WOODLAND HILLS, CA 56,93156.9k $3.3m $3.3m 0.15% Added +2.2k +2,224
83 Creative Capital Management Investments LLC 1.35% of their portfolio SAN DIEGO, CA 55,54155.5k $3.2m $3.2m 1.35% Added +451 +451
84 Warren Street Wealth Advisors, LLC 1.30% of their portfolio IRVINE, CA 54,01954.0k $3.1m $3.1m 1.30% Added +365 +365
85 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 52,58252.6k $3.1m $3.1m 0.00% New
86 Hamilton Wealth, LLC 0.73% of their portfolio LOS ANGELES, CA 51,47051.5k $3.0m $3.0m 0.73% Reduced -79.3k -79,326
87 Williams & Novak, LLC 2.71% of their portfolio WESTLAKE VILLAGE, CA 49,91549.9k $2.9m $2.9m 2.71% Reduced -2.1k -2,125
88 Heritage Wealth Management, Inc. /CA/ 2.59% of their portfolio SAN DIEGO, CA 49,38649.4k $2.9m $2.9m 2.59% Reduced -1.7k -1,746
89 Kowal Investment Group, LLC 0.50% of their portfolio BROOKFIELD, WI 46,81846.8k $2.7m $2.7m 0.50% Added +2.1k +2,051
90 Compound Planning, Inc. 0.16% of their portfolio NEW YORK, NY 43,98344.0k $2.6m $2.6m 0.16% Added +8.2k +8,211
91 Vishria Bird Financial Group, LLC 0.94% of their portfolio MEMPHIS, TN 42,49342.5k $2.5m $2.5m 0.94% New
92 GOULD ASSET MANAGEMENT LLC /CA/ 0.53% of their portfolio CLAREMONT, CA 42,45542.5k $2.5m $2.5m 0.53% Added +6.5k +6,505
93 RHS Financial, LLC 1.24% of their portfolio SAN FRANCISCO, CA 42,37542.4k $2.5m $2.5m 1.24% Added +1.4k +1,379
94 DeDora Capital, Inc. 0.67% of their portfolio Napa, CA 41,12941.1k $2.4m $2.4m 0.67% Reduced -758 -758
95 Apella Capital, LLC 0.10% of their portfolio WEST HARTFORD, CT 40,87340.9k $2.4m $2.4m 0.10% Added +10.4k +10,357
96 Westside Investment Management, Inc. 0.50% of their portfolio SANTA MONICA, CA 40,82040.8k $2.4m $2.4m 0.50% Reduced -100 -100
97 Spinnaker Investment Group, LLC 0.57% of their portfolio Newport Beach, CA 40,01840.0k $2.3m $2.3m 0.57% Reduced -6.4k -6,408
98 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 39,80239.8k $2.3m $2.3m 0.00% Added +8.3k +8,302
99 Peninsula Wealth, LLC 0.35% of their portfolio SAN FRANCISCO, CA 34,22934.2k $2.0m $2.0m 0.35% Added +5.5k +5,543
100 EVERGREEN CAPITAL MANAGEMENT LLC 0.07% of their portfolio Bellevue, WA 34,13434.1k $2.0m $2.0m 0.07% Reduced -245 -245