Who Owns iShares California Muni Bond ETF (CMF)?Hedge Fund & Institutional Holders

$57.49+0.06 (+0.10%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+10 / -4

Price History

$54.52$55.49$56.47$57.44$58.41Sep 24Jun 25Mar 26

CMF — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Wealthfront Advisers LLCNew Position+5.1M+$293.6B
BANK OF AMERICA CORP /DE/Increased+293K+$109.9B
Facet Wealth, Inc.New Position+1.5M+$86.6B
BAILARD, INC.New Position+1.4M+$82.7B
CHARLES SCHWAB INVESTMENT MANAGEMENT INCIncreased+704K+$42.7B
Orin Green Financial, LLCNew Position+307K+$17.6B
West Wealth Group, LLCNew Position+274K+$15.7B
Atlas Legacy Advisors, LLCNew Position+213K+$12.2B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+125K+$7.0B
JONES FINANCIAL COMPANIES LLLPNew Position+123K+$7.0B
Farther Finance Advisors, LLCIncreased+113K+$6.5B
Client First Capital LLCNew Position+93K+$5.3B
SILVER OAK WEALTH ADVISORS SERVICES, LLCNew Position+92K+$5.3B
GUGGENHEIM CAPITAL LLCIncreased+103K+$5.2B
WELLS FARGO & COMPANY/MNIncreased+102K+$5.1B

CMF — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
RWA WEALTH PARTNERS, LLCDecreased-3K-$18.0B
RENAISSANCE TECHNOLOGIES LLCDecreased-195K-$11.6B
Certus Wealth Management, LLCClosed Position-127K-$7.3B
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-21K-$6.9B
Garde Capital, Inc.Closed Position-119K-$6.8B
Strive Asset Management, LLCClosed Position-73K-$5.7B
CHOREO, LLCDecreased-130-$4.3B
HighTower Advisors, LLCDecreased-3K-$3.8B
SUSQUEHANNA INTERNATIONAL GROUP, LLPClosed Position-61K-$3.5B
Rinkey InvestmentsDecreased-56K-$3.1B
Gerber Kawasaki Wealth & Investment ManagementDecreased-9K-$2.8B
CITADEL ADVISORS LLCDecreased-42K-$2.6B
Integrated Wealth Concepts LLCDecreased-15K-$1.9B
NewEdge Advisors, LLCDecreased-1K-$1.8B
Wealthspire Advisors, LLCDecreased-23K-$1.7B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1CHARLES SCHWAB INVESTMENT MANAGEMENT INC8,440,029$484.0B75.21%Share
2Wealthfront Advisers LLC5,109,731$293.6B656.17%Share
3FMR LLC1,906,426$109.0B5.56%Share
4Facet Wealth, Inc.1,497,857$86.6B1532.78%Share
5BAILARD, INC.1,439,125$82.7B1.83%Share
6SYON CAPITAL LLC1,147,763$65.0B3.24%Share
7BANK OF AMERICA CORP /DE/900,129$51.0B3.71%Share
8BANK OF AMERICA CORP /DE/592,005$34.0B2.47%Share
9MERCER GLOBAL ADVISORS INC /ADV549,343$31.0B47.26%Share
10UBS Group AG536,879$30.8B5.00%Share
11BANK OF AMERICA CORP /DE/441,515$25.0B1.82%Share
12WELLS FARGO & COMPANY/MN432,976$24.0B4.37%Share
13JPMORGAN CHASE & CO417,095$23.0B1.44%Share
14ASSETMARK, INC372,882$21.4B43.69%Share
15Manhattan West Asset Management, LLC363,294$20.9B4.27%Share
16FIRST FOUNDATION ADVISORS348,609$20.0B0.75%Share
17Steward Partners Investment Advisory, LLC361,333$20.0B109.67%Share
18ROYAL BANK OF CANADA357,608$20.0B3.25%Share
19ALLIANCEBERNSTEIN L.P.338,177$19.0B6.00%Share
20Focus Partners Wealth343,954$19.0B21.65%Share
21Orin Green Financial, LLC307,027$17.6B7.06%Share
22SEI INVESTMENTS CO306,723$17.0B16.78%Share
23GUGGENHEIM CAPITAL LLC292,659$16.0B114.57%Share
24West Wealth Group, LLC273,799$15.7B3.26%Share
25MYECFO, LLC251,202$14.4B6.13%Share
26AMERIPRISE FINANCIAL INC259,093$14.0B3.16%Share
27Atlas Legacy Advisors, LLC213,047$12.2B2.14%Share
28Rinkey Investments193,681$11.1B2.83%Share
29JPMORGAN CHASE & CO193,683$11.0B0.69%Share
30WELLS FARGO & COMPANY/MN175,668$10.0B1.82%Share
31Navalign, LLC187,112$10.0B2.46%Share
32RiverFront Investment Group, LLC158,992$9.1B150.66%Share
33Wedmont Private Capital157,426$9.1B0.32%Share
34BANK OF MONTREAL /CAN/148,170$8.0B2.77%Share
35OSAIC HOLDINGS, INC.155,363$8.0B11.69%Share
36Farther Finance Advisors, LLC131,601$7.6B81.01%Share
37JONES FINANCIAL COMPANIES LLLP123,280$7.0B4.27%Share
38COMMONWEALTH EQUITY SERVICES, LLC124,553$7.0B9.33%Share
39RAYMOND JAMES FINANCIAL INC134,513$7.0B2.18%Share
40OneDigital Investment Advisors LLC123,145$7.0B68.61%Share
41RENAISSANCE TECHNOLOGIES LLC112,600$6.0B9.31%Share
42KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC97,601$5.6B15.01%Share
43US BANCORP \DE\93,495$5.4B6.29%Share
44Client First Capital LLC92,578$5.3B2.24%Share
45SILVER OAK WEALTH ADVISORS SERVICES, LLC92,457$5.3B3.43%Share
46DEUTSCHE BANK AG\96,380$5.0B1.63%Share
47FIRST AMERICAN TRUST, FSB102,103$5.0B0.34%Share
48Columbia Bank80,826$4.6B1.29%Share
49NDWM LLC80,755$4.6B3.07%Share
50Freestone Capital Holdings, LLC77,771$4.5B0.13%Share

CMF Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025327$1.9T+143
Q3 2025184$1.3T-105
Q2 2025289$2.3T-10
Q1 2025299$2.5T+57
Q4 2024242$34.3T+66
Q3 2024176$133.1T+11
Q2 2024165$83.2T-3
Q1 2024168$101.7T—

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As of Q4 2025, 50 institutional investors hold CMF (iShares California Muni Bond ETF). The largest holder is CHARLES SCHWAB INVESTMENT MANAGEMENT INC with $484.0B in shares. This quarter, 10 institutions opened new positions and 4 closed their positions.

Frequently Asked Questions

How many hedge funds own CMF?

As of Q4 2025, 50 institutional investors report holding CMF (iShares California Muni Bond ETF) in their 13F filings.

Who is the largest institutional holder of CMF?

The largest institutional holder of CMF is CHARLES SCHWAB INVESTMENT MANAGEMENT INC with $484.0B in shares.

Is institutional ownership of CMF increasing or decreasing?

This quarter, 10 institutions opened new positions in CMF and 4 closed their positions.