Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BLACKROCK ETF TRUST II (CALI)

74 + Investors. Track Smart Money conviction in CALI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
4Q ▲
Buyers last Q
70%

Smart Money Signals — CALI

Based on 74 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added CALI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
74 hedge funds hold CALI right now — the highest count in 2.5 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +311% more funds vs a year ago

fund count last 6Q
+56 new funds entered over the past year (+311% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 70% buying

50 buying21 selling
Last quarter: 50 funds were net buyers (20 opened a brand new position + 30 added to an existing one). Only 21 were sellers (12 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 21 → 20 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 68% entered in last year

■ 4% conviction (2yr+) ■ 28% medium ■ 68% new
Only 3 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈

Growing discovery — still being found

4 → 12 → 21 → 20 → 20 new funds/Q
New funds entering each quarter: 12 → 21 → 20 → 20. A growing number of institutions are discovering CALI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 80% of holders entered in last year

■ 0% veterans ■ 20% 1-2yr ■ 80% new
Of 74 current holders: 59 (80%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
5 of 74 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.7
out of 10
Moderate Exit Risk
Exit risk score 6.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: CALI

How many hedge funds hold CALI — quarterly history vs. share price
Quarterly hedge fund ownership of CALI vs. share price

Market Analysis: CALI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CALI

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 2 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: CALI
2026 Q1 Stats Unlock in 17 days 74 + Investors

Track Smart Money conviction in CALI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 74 63 17.46%
13F Shares 2M 1M 32.35%
Total Value $83M $63M 31.94%
New Positions 20 20 -
Increased Positions 30 21 +9
Closed Positions 9 4 +5
Reduced Positions 12 10 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CALI

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
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Institutional Holders (2026 Q1)

74 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CALI. Verified SEC 13F-HR filings.

Top 25 institutional holders of CALI — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Elmwood Wealth Management, Inc. 2.96% 211,929 $10.7M
2 DeLarme Wealth Management, Inc. 2.90% 89,165 $4.5M
3 NDWM LLC 2.74% 83,830 $4.2M
4 SWEENEY & MICHEL, LLC 0.99% 66,910 $3.4M
5 MEMBERS WEALTH LLC 0.60% 19,872 $1.0M
6 TriaGen Wealth Management LLC 0.32% 22,949 $1.2M
7 TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC 0.28% 9,137 $461K
8 Atlas Private Wealth Advisors 0.26% 21,985 $1.1M
9 FINANCIAL MANAGEMENT NETWORK INC 0.24% 30,763 $1.6M
10 Chatterton & Associates Inc. 0.24% 6,670 $336K
11 Pasadena Private Wealth, LLC 0.23% 32,350 $1.6M
12 WESPAC Advisors SoCal, LLC 0.22% 20,696 $1.0M
13 EHRLICH FINANCIAL GROUP 0.20% 6,907 $348K
14 RIVER'S EDGE WEALTH MANAGEMENT, LLC 0.20% 4,128 $209K
15 Client First Capital LLC 0.18% 8,277 $417K
16 Selby Wealth Management, LLC 0.16% 8,294 $418K
17 Richard P Slaughter Associates Inc 0.16% 14,715 $742K
18 KWB Wealth 0.11% 21,339 $1.1M
19 Stone Summit Wealth LLC 0.10% 6,917 $349K
20 KANAWHA CAPITAL MANAGEMENT LLC 0.09% 24,000 $1.2M
21 Bell Investment Advisors, Inc 0.07% 8,701 $439K
22 UNION SAVINGS BANK 0.07% 2,954 $149K
23 Capital Advantage, Inc. 0.06% 9,313 $470K
24 AXXCESS WEALTH MANAGEMENT, LLC 0.06% 35,194 $1.8M
25 Peak Financial Management, Inc. 0.06% 4,400 $222K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BLACKROCK ETF TRUST II (CALI)

What does the Smart Money Trend signal show for CALI?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added CALI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CALI?

More buyers than sellers — 70% buying: Last quarter: 50 funds were net buyers (20 opened a brand new position + 30 added to an existing one). Only 21 were sellers (12 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CALI holders?

Smaller funds dominant — 11% AUM from top-100: 5 of 74 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held CALI?

Mostly new holders — 68% entered in last year: Only 3 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.