Vault-13

ISHARES TR CMF

CALIF MUN BD ETF · ETP · CUSIP 464288356

315 institutional holders -4 vs Q2 2025
42,527,33542.5m shares reported held*
$2.4bnreported value*
26 new 136 added 98 reduced 22 sold out net sold ≈ $288.1m (-5.1m 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 ($221.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.04.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 194Q4 22: 209Q1 23: 206Q2 23: 206Q3 23: 220Q4 23: 249Q1 24: 256Q2 24: 252Q3 24: 274Q4 24: 304Q1 25: 310Q2 25: 319Q3 25: 315315Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022194
Q4 2022209
Q1 2023206
Q2 2023206
Q3 2023220
Q4 2023249
Q1 2024256
Q2 2024252
Q3 2024274
Q4 2024304
Q1 2025310
Q2 2025319
Q3 2025315

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 24Q4 24: 175 bought or addedQ4 24: 79 cut or sold outQ1 25: 142 bought or addedQ1 25: 129 cut or sold outQ1 25Q2 25: 147 bought or addedQ2 25: 139 cut or sold outQ3 25: 162 bought or addedQ3 25: 120 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202311998
Q1 202414482
Q2 202412888
Q3 202415375
Q4 202417579
Q1 2025142129
Q2 2025147139
Q3 2025162120

Biggest buyers

JPMORGAN CHASE & CO Added +574,165+574.2k
BANK OF AMERICA CORP /DE/ Added +468,664+468.7k
Steward Partners Investment Advisory, LLC Added +345,476+345.5k
RENAISSANCE TECHNOLOGIES LLC Added +156,600+156.6k
Wedmont Private Capital New +143,224+143.2k
Sanctuary Advisors, LLC Added +124,026+124.0k
MERCER GLOBAL ADVISORS INC /ADV Added +114,740+114.7k
Facet Wealth, Inc. Added +114,076+114.1k
Focus Partners Wealth Added +107,812+107.8k
Cetera Investment Advisers Added +97,982+98.0k

Biggest sellers

Wealthfront Advisers LLC Reduced -4,689,842-4.7m
JANE STREET GROUP, LLC Reduced -1,786,024-1.8m
ROYAL BANK OF CANADA Reduced -388,310-388.3k
FMR LLC Reduced -383,826-383.8k
FIRST FOUNDATION ADVISORS Reduced -174,591-174.6k
GTS SECURITIES LLC Sold out -160,618-160.6k
Composition Wealth, LLC Reduced -104,398-104.4k
NewEdge Advisors, LLC Reduced -85,274-85.3k
GOLDMAN SACHS GROUP INC Reduced -80,393-80.4k
SYON CAPITAL LLC Reduced -54,575-54.6k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 7,736,2947.7m $441.3m $441.3m 0.07% Added +18.8k +18,836
2 Wealthfront Advisers LLC 0.53% of their portfolio Palo Alto, CA 3,958,3554.0m $225.8m $225.8m 0.53% Reduced -4.7m -4,689,842
3 FMR LLC 0.01% of their portfolio BOSTON, MA 2,012,8992.0m $114.8m $114.8m 0.01% Reduced -383.8k -383,826
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,769,6531.8m $100.9m $100.9m 0.01% Reduced -7.2k -7,223
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,640,7701.6m $93.6m $93.6m 0.01% Added +468.7k +468,664
6 BAILARD, INC. 1.78% of their portfolio Foster City, CA 1,434,7531.4m $81.8m $81.8m 1.78% Added +89.9k +89,922
7 Facet Wealth, Inc. 1.64% of their portfolio WEST PALM BEACH, FL 1,392,7891.4m $79.4m $79.4m 1.64% Added +114.1k +114,076
8 SYON CAPITAL LLC 3.53% of their portfolio SAN FRANCISCO, CA 1,151,3341.2m $65.7m $65.7m 3.53% Reduced -54.6k -54,575
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,093,3821.1m $62.4m $62.4m 0.00% Added +574.2k +574,165
10 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 890,410890.4k $50.8m $50.8m 0.01% Added +46.9k +46,915
11 Mariner, LLC 0.06% of their portfolio Overland Park, KS 876,674876.7k $50.0m $50.0m 0.06% Added +50.0k +49,965
12 TIAA TRUST, NATIONAL ASSOCIATION 0.10% of their portfolio CHARLOTTE, NC 699,571699.6k $39.9m $39.9m 0.10% Reduced -32.5k -32,457
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 583,104583.1k $33.3m $33.3m 0.01% Added +63.6k +63,590
14 UBS Group AG 0.01% of their portfolio ZURICH, V8 533,267533.3k $30.4m $30.4m 0.01% Reduced -44.4k -44,363
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 506,149506.1k $28.9m $28.9m 0.01% Added +36.6k +36,647
16 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 497,273497.3k $28.4m $28.4m 0.05% Added +114.7k +114,740
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 421,250421.2k $24.0m $24.0m 0.00% Reduced -388.3k -388,310
18 Opes Wealth Management LLC 4.20% of their portfolio MENLO PARK, CA 418,263418.3k $23.9m $23.9m 4.20% Added +31.1k +31,099
19 Steward Partners Investment Advisory, LLC 0.12% of their portfolio STAMFORD, CT 373,896373.9k $21.3m $21.3m 0.12% Added +345.5k +345,476
20 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 362,301362.3k $20.7m $20.7m 0.04% Reduced -25.0k -25,049
21 Manhattan West Asset Management, LLC 4.23% of their portfolio Los Angeles, CA 350,973351.0k $20.0m $20.0m 4.23% Added +13.1k +13,112
22 FIRST FOUNDATION ADVISORS 0.73% of their portfolio Irvine, CA 346,927346.9k $19.8m $19.8m 0.73% Reduced -174.6k -174,591
23 Orin Green Financial, LLC 7.41% of their portfolio SAN DIEGO, CA 324,921324.9k $18.5m $18.5m 7.41% Reduced -17.2k -17,200
24 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 317,739317.7k $18.1m $18.1m 0.02% Added +98.0k +97,982
25 RWA WEALTH PARTNERS, LLC 0.20% of their portfolio BOSTON, MA 315,395315.4k $18.0m $18.0m 0.20% Reduced -28.7k -28,683
26 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 307,900307.9k $17.6m $17.6m 0.02% Added +156.6k +156,600
27 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 303,447303.4k $17.3m $17.3m 0.04% Reduced -39.5k -39,457
28 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 294,134294.1k $16.8m $16.8m 0.02% Added +19.8k +19,758
29 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 275,949275.9k $15.7m $15.7m 0.00% Added +56.4k +56,351
30 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 271,537271.5k $15.5m $15.5m 0.03% Added +107.8k +107,812
31 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 269,739269.7k $15.4m $15.4m 0.06% Added +30.3k +30,296
32 Affinity Capital Advisors, LLC 2.24% of their portfolio BERKELEY, CA 255,386255.4k $14.5m $14.5m 2.24% Added +9.1k +9,128
33 Rinkey Investments 3.78% of their portfolio San Diego, CA 249,880249.9k $14.3m $14.3m 3.78% Added +5.6k +5,622
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 249,302249.3k $14.2m $14.2m 0.00% Added +14.3k +14,287
35 BlackRock, Inc. 0.00% of their portfolio New York, NY 234,703234.7k $13.4m $13.4m 0.00% Added +6.3k +6,350
36 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 233,864233.9k $13.3m $13.3m 0.02% Added +7.0k +7,024
37 MYECFO, LLC 6.05% of their portfolio La Jolla, CA 232,992233.0k $13.3m $13.3m 6.05% Added +5.7k +5,709
38 Slow Capital, Inc. 1.56% of their portfolio GREENBRAE, CA 232,090232.1k $13.2m $13.2m 1.56% Reduced -33.8k -33,847
39 West Wealth Group, LLC 2.95% of their portfolio Irvine, CA 227,978228.0k $13.1m $13.1m 2.95% Reduced -12.1k -12,133
40 Betterment LLC 0.02% of their portfolio NEW YORK, NY 217,395217.4k $12.4m $12.4m 0.02% Added +16.4k +16,409
41 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 213,325213.3k $12.2m $12.2m 0.01% Added +13.0k +12,985
42 Atlas Legacy Advisors, LLC 2.21% of their portfolio LOS ANGELES, CA 200,702200.7k $11.4m $11.4m 2.21% Reduced -3.1k -3,081
43 Pure Financial Advisors, LLC 0.17% of their portfolio SAN DIEGO, CA 189,884189.9k $10.8m $10.8m 0.17% Reduced -2.2k -2,220
44 GUGGENHEIM CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 189,611189.6k $10.8m $10.8m 0.08% Added +68.3k +68,329
45 Brio Consultants, LLC 1.47% of their portfolio SAN FRANCISCO, CA 186,891186.9k $10.7m $10.7m 1.47% Reduced -12.4k -12,361
46 Navalign, LLC 2.80% of their portfolio ENCINO, CA 185,762185.8k $10.6m $10.6m 2.80% Added +10.9k +10,877
47 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 166,374166.4k $9.5m $9.5m 0.03% Added +124.0k +124,026
48 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 163,818163.8k $9.3m $9.3m 0.01% Added +2.2k +2,186
49 Financial Connections Group, Inc. 3.53% of their portfolio CORTE MADERA, CA 158,779158.8k $9.1m $9.1m 3.53% Reduced -7.7k -7,663
50 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.13% of their portfolio MINNEAPOLIS, MN 147,232147.2k $8.4m $8.4m 0.13% Added +61.7k +61,688
51 Wedmont Private Capital 0.30% of their portfolio WEST CHESTER, PA 143,224143.2k $8.2m $8.2m 0.30% New
52 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 137,537137.5k $7.8m $7.8m 0.00% Added +12.7k +12,658
53 CWM, LLC 0.02% of their portfolio OMAHA, NE 128,063128.1k $7.3m $7.3m 0.02% Added +4.8k +4,804
54 Certus Wealth Management, LLC 4.34% of their portfolio SAN CARLOS, CA 127,232127.2k $7.3m $7.3m 4.34% Reduced -14.8k -14,787
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 120,961121.0k $6.9m $6.9m 0.00% Added +33.0k +33,042
56 Garde Capital, Inc. 0.34% of their portfolio SEATTLE, WA 119,008119.0k $6.8m $6.8m 0.34% Unchanged
57 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 116,451116.5k $6.6m $6.6m 0.07% Added +4.9k +4,903
58 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 116,199116.2k $6.6m $6.6m 0.01% Reduced -34.9k -34,930
59 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 110,045110.0k $6.3m $6.3m 0.00% Reduced -20.9k -20,932
60 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 108,081108.1k $6.2m $6.2m 0.01% Reduced -12.9k -12,934
61 FIRST AMERICAN TRUST, FSB 0.43% of their portfolio SANTA ANA, CA 103,013103.0k $5.9m $5.9m 0.43% Added +7.4k +7,412
62 Strive Asset Management, LLC 3.11% of their portfolio DALLAS, TX 100,564100.6k $5.7m $5.7m 3.11% Unchanged
63 Stonehage Fleming Financial Services Holdings Ltd 0.16% of their portfolio ST. HELIER, Y9 100,436100.4k $5.7m $5.7m 0.16% Added +35.9k +35,915
64 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 97,98498.0k $5.6m $5.6m 0.01% Added +13.0k +13,029
65 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 96,38096.4k $5.5m $5.5m 0.00% Added +16.0k +16,030
66 Client First Capital LLC 2.35% of their portfolio SAN DIEGO, CA 92,57892.6k $5.3m $5.3m 2.35% Unchanged
67 SILVER OAK WEALTH ADVISORS SERVICES, LLC 3.46% of their portfolio LOS ANGELES, CA 91,92991.9k $5.2m $5.2m 3.46% Added +12.4k +12,384
68 RiverFront Investment Group, LLC 0.09% of their portfolio RICHMOND, VA 90,93890.9k $5.2m $5.2m 0.09% Added +26.2k +26,200
69 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 87,76587.8k $5.0m $5.0m 0.00% Added +23.7k +23,683
70 EHRLICH FINANCIAL GROUP 2.94% of their portfolio LAGUNA NIGUEL, CA 86,80186.8k $5.0m $5.0m 2.94% Added +121 +121
71 NDWM LLC 3.08% of their portfolio LA JOLLA, CA 79,52079.5k $4.5m $4.5m 3.08% Reduced -16.9k -16,944
72 MISSION WEALTH MANAGEMENT, LP 0.09% of their portfolio Santa Barbara, CA 79,09379.1k $4.5m $4.5m 0.09% Reduced -1.3k -1,300
73 Compound Planning, Inc. 0.15% of their portfolio NEW YORK, NY 78,99479.0k $4.5m $4.5m 0.15% Added +11.8k +11,806
74 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 78,00278.0k $4.4m $4.4m 0.04% Reduced -33.2k -33,151
75 Sand Hill Global Advisors, LLC 0.16% of their portfolio Palo Alto, CA 77,45377.5k $4.4m $4.4m 0.16% Reduced -11.9k -11,862
76 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 76,85976.9k $4.4m $4.4m 0.01% Added +10.1k +10,052
77 Valmark Advisers, Inc. 0.06% of their portfolio AKRON, OH 76,69176.7k $4.4m $4.4m 0.06% Added +6.0k +6,032
78 Freestone Capital Holdings, LLC 0.13% of their portfolio Seattle, WA 75,88075.9k $4.3m $4.3m 0.13% Added +4.4k +4,398
79 CHOREO, LLC 0.06% of their portfolio ROCKFORD, IL 75,09275.1k $4.3m $4.3m 0.06% Reduced -73 -73
80 Prime Capital Investment Advisors, LLC 0.05% of their portfolio OVERLAND PARK, KS 73,58473.6k $4.2m $4.2m 0.05% Added +167 +167
81 Omega Financial Group, LLC 1.36% of their portfolio Santa Barbara, CA 71,03971.0k $4.1m $4.1m 1.36% Reduced -3.9k -3,910
82 Columbia Bank 1.12% of their portfolio Lake Oswego, OR 69,70169.7k $4.0m $4.0m 1.12% Added +8.7k +8,650
83 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 67,45567.5k $3.8m $3.8m 0.00% Added +4.6k +4,620
84 Summit Trail Advisors, LLC 0.05% of their portfolio NEW YORK, NY 65,71865.7k $3.7m $3.7m 0.05% Unchanged
85 Elmwood Wealth Management, Inc. 1.33% of their portfolio BERKELEY, CA 65,59565.6k $3.7m $3.7m 1.33% Reduced -580 -580
86 Westfuller Advisors, LLC 1.68% of their portfolio New York, NY 64,79864.8k $3.7m $3.7m 1.68% Added +335 +335
87 Traveka Wealth, LLC 1.61% of their portfolio LOS ALTOS, CA 63,34763.3k $3.6m $3.6m 1.61% Reduced -12.0k -12,019
88 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 62,99063.0k $3.6m $3.6m 0.00% Added +28.9k +28,945
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 60,61360.6k $3.5m $3.5m 0.01% Added +43.0k +42,958
90 Apella Capital, LLC 0.08% of their portfolio WEST HARTFORD, CT 59,66759.7k $3.4m $3.4m 0.08% Added +4.7k +4,722
91 COMERICA BANK 0.01% of their portfolio DALLAS, TX 57,82657.8k $3.3m $3.3m 0.01% Added +3.2k +3,225
92 Warren Street Wealth Advisors, LLC 0.98% of their portfolio IRVINE, CA 57,20457.2k $3.3m $3.3m 0.98% Added +611 +611
93 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 55,45855.5k $3.2m $3.2m 0.02% Added +27.9k +27,945
94 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.33% of their portfolio ALAMO, CA 55,44055.4k $3.2m $3.2m 0.33% Reduced -5.1k -5,139
95 WHITTIER TRUST CO 0.03% of their portfolio SOUTH PASADENA, CA 53,90753.9k $3.1m $3.1m 0.03% Reduced -1.3k -1,290
96 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 51,76251.8k $3.0m $3.0m 0.02% Added +11.6k +11,629
97 One Capital Management, LLC 0.09% of their portfolio WESTLAKE VILLAGE, CA 51,75251.8k $3.0m $3.0m 0.09% Reduced -1.4k -1,420
98 Gerber Kawasaki Wealth & Investment Management 0.10% of their portfolio SANTA MONICA, CA 49,94249.9k $2.8m $2.8m 0.10% Added +27.3k +27,251
99 DeDora Capital, Inc. 0.68% of their portfolio Napa, CA 49,06449.1k $2.8m $2.8m 0.68% Added +905 +905
100 BANK OF STOCKTON 0.79% of their portfolio STOCKTON, CA 48,28248.3k $2.8m $2.8m 0.79% Reduced -24.6k -24,569