Vault-13

ISHARES TR CMF

CALIF MUN BD ETF · ETP · CUSIP 464288356

355 institutional holders +3 vs Q1 2026
53,915,86853.9m shares reported held*
$3.1bnreported value*
32 new 165 added 87 reduced 24 sold out net bought ≈ $239.0m (+4.1m 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 ($705.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.67.

Trends to Q2 2026

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: 315Q4 25: 336Q1 26: 352Q2 26: 355355Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q4 2025336
Q1 2026352
Q2 2026355

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 153 bought or addedQ3 24: 75 cut or sold outQ4 24: 175 bought or addedQ4 24: 79 cut or sold outQ4 24Q1 25: 142 bought or addedQ1 25: 129 cut or sold outQ2 25: 147 bought or addedQ2 25: 139 cut or sold outQ2 25Q3 25: 162 bought or addedQ3 25: 120 cut or sold outQ4 25: 187 bought or addedQ4 25: 93 cut or sold outQ4 25Q1 26: 193 bought or addedQ1 26: 111 cut or sold outQ2 26: 197 bought or addedQ2 26: 111 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202415375
Q4 202417579
Q1 2025142129
Q2 2025147139
Q3 2025162120
Q4 202518793
Q1 2026193111
Q2 2026197111

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $1.0mQ4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$1.0m—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,298,720+1.3m
Wealthfront Advisers LLC Added +1,076,603+1.1m
EP Wealth Advisors, LLC Added +510,501+510.5k
AXXCESS WEALTH MANAGEMENT, LLC New +174,620+174.6k
Facet Wealth, Inc. Added +169,335+169.3k
LPL Financial LLC Added +163,261+163.3k
OSAIC HOLDINGS, INC. Added +149,881+149.9k
BANK OF AMERICA CORP /DE/ Added +138,666+138.7k
ENVESTNET ASSET MANAGEMENT INC Added +97,204+97.2k
RENAISSANCE TECHNOLOGIES LLC Added +92,373+92.4k

Biggest sellers

Beacon Pointe Advisors, LLC Reduced -218,910-218.9k
JANE STREET GROUP, LLC Sold out -172,581-172.6k
Steward Partners Investment Advisory, LLC Reduced -164,744-164.7k
Manhattan West Asset Management, LLC Reduced -72,479-72.5k
FMR LLC Reduced -64,816-64.8k
Integrated Advisors Network LLC Reduced -61,529-61.5k
ALLIANCEBERNSTEIN L.P. Reduced -50,863-50.9k
FIRST FOUNDATION ADVISORS Reduced -37,791-37.8k
Allspring Global Investments Holdings, LLC Sold out -37,236-37.2k
MERCER GLOBAL ADVISORS INC /ADV Reduced -32,606-32.6k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 9,795,5289.8m $564.6m $564.6m 0.08% Added +1.3m +1,298,720
2 Wealthfront Advisers LLC 0.81% of their portfolio Palo Alto, CA 7,276,3247.3m $419.4m $419.4m 0.81% Added +1.1m +1,076,603
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,975,5402.0m $113.9m $113.9m 0.01% Added +138.7k +138,666
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,936,4191.9m $111.6m $111.6m 0.01% Added +63.7k +63,696
5 Facet Wealth, Inc. 1.45% of their portfolio WEST PALM BEACH, FL 1,750,4091.8m $100.9m $100.9m 1.45% Added +169.3k +169,335
6 FMR LLC 0.00% of their portfolio BOSTON, MA 1,742,2131.7m $100.4m $100.4m 0.00% Reduced -64.8k -64,816
7 EP Wealth Advisors, LLC 0.37% of their portfolio TORRANCE, CA 1,691,4001.7m $97.5m $97.5m 0.37% Added +510.5k +510,501
8 SYON CAPITAL LLC 3.51% of their portfolio SAN FRANCISCO, CA 1,395,6971.4m $80.4m $80.4m 3.51% Added +43.6k +43,569
9 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,310,8541.3m $75.6m $75.6m 0.02% Added +163.3k +163,261
10 BAILARD, INC. 1.42% of their portfolio Foster City, CA 1,213,4151.2m $69.9m $69.9m 1.42% Reduced -21.2k -21,191
11 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,118,2631.1m $64.5m $64.5m 0.02% Added +97.2k +97,204
12 Mariner, LLC 0.06% of their portfolio Overland Park, KS 931,425931.4k $53.7m $53.7m 0.06% Added +12.8k +12,841
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 865,882865.9k $49.9m $49.9m 0.00% Reduced -16.9k -16,932
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 690,685690.7k $39.8m $39.8m 0.00% Added +8.9k +8,891
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 667,037667.0k $38.4m $38.4m 0.01% Added +9.6k +9,573
16 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.13% of their portfolio CHARLOTTE, NC 666,348666.3k $38.4m $38.4m 0.13% Added +2.7k +2,727
17 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 624,565624.6k $36.0m $36.0m 0.04% Reduced -32.6k -32,606
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 510,220510.2k $29.4m $29.4m 0.00% Added +38.6k +38,582
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 503,444503.4k $29.0m $29.0m 0.00% Reduced -28.4k -28,431
20 GUGGENHEIM CAPITAL LLC 0.18% of their portfolio CHICAGO, IL 477,670477.7k $27.5m $27.5m 0.18% Added +81.7k +81,660
21 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 455,178455.2k $26.2m $26.2m 0.03% Added +50.8k +50,819
22 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 436,085436.1k $25.1m $25.1m 0.04% Added +44.4k +44,352
23 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 390,584390.6k $22.5m $22.5m 0.03% Added +59.5k +59,514
24 West Wealth Group, LLC 3.63% of their portfolio Irvine, CA 384,830384.8k $22.2m $22.2m 3.63% Added +53.0k +53,024
25 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 378,084378.1k $21.8m $21.8m 0.03% Added +21.7k +21,653
26 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 360,260360.3k $20.8m $20.8m 0.02% Reduced -8.2k -8,248
27 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 327,187327.2k $18.9m $18.9m 0.02% Added +18.3k +18,275
28 Manhattan West Asset Management, LLC 3.13% of their portfolio Los Angeles, CA 325,296325.3k $18.8m $18.8m 3.13% Reduced -72.5k -72,479
29 FIRST FOUNDATION ADVISORS 0.66% of their portfolio Irvine, CA 318,941318.9k $18.4m $18.4m 0.66% Reduced -37.8k -37,791
30 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 315,476315.5k $17.9m $17.9m 0.01% Reduced -50.9k -50,863
31 RWA WEALTH PARTNERS, LLC 0.17% of their portfolio BOSTON, MA 314,017314.0k $18.1m $18.1m 0.17% Added +1.5k +1,471
32 Affinity Capital Advisors, LLC 2.09% of their portfolio BERKELEY, CA 293,212293.2k $16.9m $16.9m 2.09% Reduced -24 -24
33 Orin Green Financial, LLC 6.06% of their portfolio SAN DIEGO, CA 284,860284.9k $16.4m $16.4m 6.06% Reduced -2.3k -2,304
34 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 273,154273.2k $15.7m $15.7m 0.01% Reduced -4.3k -4,264
35 Rinkey Investments 3.62% of their portfolio San Diego, CA 266,511266.5k $15.4m $15.4m 3.62% Added +7.5k +7,548
36 Betterment LLC 0.02% of their portfolio NEW YORK, NY 253,502253.5k $14.6m $14.6m 0.02% Added +11.4k +11,445
37 Slow Capital, Inc. 1.70% of their portfolio GREENBRAE, CA 252,501252.5k $14.6m $14.6m 1.70% Reduced -25.8k -25,791
38 MYECFO, LLC 5.26% of their portfolio La Jolla, CA 241,609241.6k $13.9m $13.9m 5.26% Reduced -20.9k -20,933
39 RiverFront Investment Group, LLC 0.18% of their portfolio RICHMOND, VA 241,434241.4k $13.9m $13.9m 0.18% Reduced -3.1k -3,120
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 236,001236.0k $13.7m $13.7m 0.00% Reduced -7.5k -7,493
41 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 212,056212.1k $12.2m $12.2m 0.01% Added +5.9k +5,941
42 Pure Financial Advisors, LLC 0.15% of their portfolio SAN DIEGO, CA 209,603209.6k $12.1m $12.1m 0.15% Added +14.0k +13,968
43 Apella Capital, LLC 0.17% of their portfolio WEST HARTFORD, CT 204,693204.7k $11.8m $11.8m 0.17% Reduced -7.8k -7,817
44 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 203,745203.7k $11.7m $11.7m 0.01% Added +149.9k +149,881
45 Navalign, LLC 2.71% of their portfolio ENCINO, CA 202,036202.0k $11.6m $11.6m 2.71% Added +1.1k +1,142
46 Brio Consultants, LLC 1.35% of their portfolio SAN FRANCISCO, CA 200,419200.4k $11.6m $11.6m 1.35% Added +3.3k +3,292
47 Atlas Legacy Advisors, LLC 1.69% of their portfolio LOS ANGELES, CA 198,228198.2k $11.4m $11.4m 1.69% Reduced -34 -34
48 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.15% of their portfolio MINNEAPOLIS, MN 195,345195.3k $11.3m $11.3m 0.15% Added +3.3k +3,316
49 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 194,046194.0k $11.2m $11.2m 0.06% Reduced -164.7k -164,744
50 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 192,748192.7k $11.1m $11.1m 0.05% Reduced -218.9k -218,910
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 185,277185.3k $10.7m $10.7m 0.00% Added +22.5k +22,516
52 AXXCESS WEALTH MANAGEMENT, LLC 0.16% of their portfolio CARLSBAD, CA 174,620174.6k $10.1m $10.1m 0.16% New
53 Global Retirement Partners, LLC 0.14% of their portfolio San Rafael, CA 159,119159.1k $9.2m $9.2m 0.14% First filing
54 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 153,750153.8k $8.9m $8.9m 0.00% Added +3.1k +3,065
55 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 145,019145.0k $8.4m $8.4m 0.00% Added +310 +310
56 Wedmont Private Capital 0.22% of their portfolio WEST CHESTER, PA 142,052142.1k $8.1m $8.1m 0.22% Added +8 +8
57 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 140,131140.1k $8.1m $8.1m 0.04% Added +10.8k +10,754
58 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 134,984135.0k $7.8m $7.8m 0.07% Added +10.3k +10,302
59 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 131,735131.7k $7.6m $7.6m 0.01% Added +5.7k +5,728
60 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 128,340128.3k $7.4m $7.4m 0.06% Added +311 +311
61 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 126,779126.8k $7.3m $7.3m 0.01% Added +13.1k +13,087
62 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 120,754120.8k $7.0m $7.0m 0.01% Added +30.4k +30,370
63 Garde Capital, Inc. 0.30% of their portfolio SEATTLE, WA 116,793116.8k $6.7m $6.7m 0.30% Reduced -1.3k -1,308
64 Freestone Capital Holdings, LLC 0.17% of their portfolio Seattle, WA 115,189115.2k $6.6m $6.6m 0.17% Added +28.3k +28,315
65 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 111,073111.1k $6.4m $6.4m 0.01% Added +92.4k +92,373
66 Stonehage Fleming Financial Services Holdings Ltd 0.20% of their portfolio ST. HELIER, Y9 102,100102.1k $5.9m $5.9m 0.20% Unchanged
67 FIRST AMERICAN TRUST, FSB 0.35% of their portfolio SANTA ANA, CA 100,682100.7k $5.8m $5.8m 0.35% Reduced -10.3k -10,256
68 Gerber Kawasaki Wealth & Investment Management 0.15% of their portfolio SANTA MONICA, CA 99,93899.9k $5.8m $5.8m 0.15% Added +16.4k +16,432
69 Ashton Thomas Private Wealth, LLC 0.12% of their portfolio SCOTTSDALE, AZ 98,95399.0k $5.7m $5.7m 0.12% Added +50.7k +50,703
70 Fullerton Advisors, LLC 5.32% of their portfolio DANVILLE, CA 98,66098.7k $5.7m $5.7m 5.32% Added +3.6k +3,627
71 THRYVE WEALTH MANAGEMENT LLC 3.16% of their portfolio IRVING, TX 97,93897.9k $5.6m $5.6m 3.16% Unchanged
72 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 96,38096.4k $5.6m $5.6m 0.00% Unchanged
73 Valmark Advisers, Inc. 0.06% of their portfolio AKRON, OH 95,42495.4k $5.5m $5.5m 0.06% Added +14.8k +14,755
74 Client First Capital LLC 2.15% of their portfolio SAN DIEGO, CA 92,57892.6k $5.3m $5.3m 2.15% Unchanged
75 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 92,42092.4k $5.3m $5.3m 0.02% Reduced -10.7k -10,660
76 NDWM LLC 3.12% of their portfolio LA JOLLA, CA 92,19992.2k $5.3m $5.3m 3.12% Added +1.6k +1,619
77 Compound Planning, Inc. 0.13% of their portfolio NEW YORK, NY 86,88686.9k $5.0m $5.0m 0.13% Reduced -13.0k -12,975
78 Elmwood Wealth Management, Inc. 1.19% of their portfolio BERKELEY, CA 82,73682.7k $4.8m $4.8m 1.19% Added +4.8k +4,820
79 Plancorp, LLC 0.11% of their portfolio SAINT LOUIS, MO 80,43580.4k $4.6m $4.6m 0.11% New
80 Columbia Bank 1.04% of their portfolio Lake Oswego, OR 80,42680.4k $4.6m $4.6m 1.04% Reduced -1.0k -1,000
81 Ducere Wealth Management LLC 1.37% of their portfolio NEWPORT BEACH, CA 79,13979.1k $4.6m $4.6m 1.37% Reduced -11.1k -11,133
82 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 77,46677.5k $4.5m $4.5m 0.01% Added +7.5k +7,462
83 Prime Capital Investment Advisors, LLC 0.04% of their portfolio OVERLAND PARK, KS 75,84175.8k $4.4m $4.4m 0.04% Added +70 +70
84 MISSION WEALTH MANAGEMENT, LP 0.05% of their portfolio Santa Barbara, CA 73,47573.5k $4.2m $4.2m 0.05% Added +4.0k +4,004
85 CHOREO, LLC 0.05% of their portfolio ROCKFORD, IL 73,21473.2k $4.2m $4.2m 0.05% Reduced -320 -320
86 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 72,19972.2k $4.2m $4.2m 0.02% Added +55.2k +55,171
87 Sand Hill Global Advisors, LLC 0.12% of their portfolio Palo Alto, CA 71,15871.2k $4.1m $4.1m 0.12% Added +1.2k +1,193
88 Westfuller Advisors, LLC 1.46% of their portfolio New York, NY 69,57269.6k $4.0m $4.0m 1.46% Added +508 +508
89 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 67,78267.8k $3.9m $3.9m 0.00% Added +6.0k +5,962
90 Summit Trail Advisors, LLC 0.05% of their portfolio NEW YORK, NY 66,26366.3k $3.8m $3.8m 0.05% Added +545 +545
91 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 64,21764.2k $3.7m $3.7m 0.02% Added +23.5k +23,463
92 EHRLICH FINANCIAL GROUP 1.88% of their portfolio LAGUNA NIGUEL, CA 63,54063.5k $3.7m $3.7m 1.88% Reduced -5.0k -4,993
93 One Capital Management, LLC 0.10% of their portfolio WESTLAKE VILLAGE, CA 62,54062.5k $3.6m $3.6m 0.10% Unchanged
94 Heritage Wealth Management, Inc. /CA/ 1.79% of their portfolio SAN DIEGO, CA 62,38362.4k $3.6m $3.6m 1.79% Added +9.0k +9,005
95 SILVER OAK WEALTH ADVISORS SERVICES, LLC 2.09% of their portfolio LOS ANGELES, CA 60,46460.5k $3.5m $3.5m 2.09% Reduced -6.1k -6,072
96 Omega Financial Group, LLC 1.05% of their portfolio Santa Barbara, CA 59,61359.6k $3.4m $3.4m 1.05% Reduced -2.7k -2,698
97 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.29% of their portfolio ALAMO, CA 58,04658.0k $3.3m $3.3m 0.29% Added +3.5k +3,513
98 Warren Street Wealth Advisors, LLC 0.74% of their portfolio IRVINE, CA 56,67956.7k $3.3m $3.3m 0.74% Added +1.8k +1,820
99 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 55,09455.1k $3.2m $3.2m 0.00% Added +92 +92
100 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 54,56754.6k $3.1m $3.1m 0.00% Added +40.8k +40,789