Blackrock ETF Trust II (CALI) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Blackrock ETF Trust II (CALI) following the 2026 Q2 hedge fund 13F filings?

As of today, CALI has moved -0.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the SPY sector ETF — an outperformance of +1.1%. Since the quarter end (June 30, 2026), CALI gained -0.8% vs -2.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Blackrock ETF Trust II (CALI)

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

Smart Money Signals — CALI

Based on 108 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q

For 11 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

108 hedge funds hold CALI right now — the highest count in 3.0 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 — +120% more funds vs a year ago

fund count last 6Q

+59 new funds entered over the past year (+120% 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 — 73% buying

74 buying28 selling

Last quarter: 74 funds were net buyers (28 opened a brand new position + 46 added to an existing one). Only 28 were sellers (18 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter

Funds opening a new CALI position: 20 → 22 → 22 → 28. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 50% entered in last year

■ 6% conviction (2yr+) ■ 44% medium ■ 50% new

Only 6 funds (6%) 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

22 → 20 → 22 → 22 → 28 new funds/Q

New funds entering each quarter: 20 → 22 → 22 → 28. A growing number of institutions are discovering CALI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 76% of holders entered in last year

■ 5% veterans ■ 19% 1-2yr ■ 76% new

Of 108 current holders: 82 (76%) entered in the past year, only 5 (5%) 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 — 12% AUM from top-100

12% from top-100 AUM funds

6 of 108 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

5.3

out of 10

Moderate Exit Risk

Exit risk score 5.3/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	108	90	20.0%
13F Shares	3M	2M	46.36%
Total Value	$158M	$108M	46.24%
New Positions	28	22	+6
Increased Positions	46	38	+8
Closed Positions	10	10	-
Reduced Positions	18	14	+4
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

108

20.0%

13F Shares

46.36%

Total Value

$158M

$108M

46.24%

New Positions

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

108 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 CALI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Elmwood Wealth Management, Inc.	2.90%	229,610	$11.6M
2	DeLarme Wealth Management, Inc.	2.82%	96,404	$4.9M
3	Ndwm LLC	2.64%	88,772	$4.5M
4	Sweeney & Michel, LLC	1.12%	84,322	$4.2M
5	Precision Wealth Strategies, LLC	0.74%	48,758	$2.5M
6	Members Wealth LLC	0.66%	23,810	$1.2M
7	Kroeger Financial Partners	0.50%	10,167	$514K
8	Wrapmanager Inc	0.47%	29,541	$1.5M
9	Sound Portfolio Advisors, LLC	0.41%	11,516	$582K
10	TriaGen Wealth Management LLC	0.39%	31,020	$1.6M
11	Tortuga Wealth Management, Inc	0.38%	8,142	$411K
12	Bristlecone Value Partners, LLC	0.37%	9,132	$461K
13	Atlas Private Wealth Advisors	0.37%	33,089	$1.7M
14	Shared Vision Wealth Group LLC	0.36%	20,687	$1.0M
15	First American Trust, Fsb	0.32%	103,845	$5.2M
16	Financial Management Network Inc	0.31%	43,010	$2.2M
17	3 Factor Indexing, LLC	0.29%	6,789	$343K
18	Ariadne Wealth Management, LP	0.29%	12,927	$653K
19	Pasadena Private Wealth, LLC	0.27%	42,671	$2.2M
20	Shum Financial Group, Inc.	0.26%	8,592	$434K
21	Tru Independence Asset Management 2, LLC	0.25%	9,137	$462K
22	M. Kulyk & Associates, LLC	0.25%	30,138	$1.5M
23	Chatterton & Associates Inc.	0.24%	7,973	$402K
24	Global Retirement Partners, LLC	0.21%	276,204	$14.0M
25	Selby Wealth Management, LLC	0.20%	10,997	$556K

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 — 11 quarters in a row: For 11 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 — 73% buying: Last quarter: 74 funds were net buyers (28 opened a brand new position + 46 added to an existing one). Only 28 were sellers (18 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CALI holders?

Smaller funds dominant — 12% AUM from top-100: 6 of 108 holders rank in the top 100 by AUM, but together hold only 12% 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 — 50% entered in last year: Only 6 funds (6%) 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.

Is it too late to buy Blackrock ETF Trust II (CALI) following the 2026 Q2 hedge fund 13F filings?

As of today, CALI has moved -0.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the SPY sector ETF — an outperformance of +1.1%. Since the quarter end (June 30, 2026), CALI has gained -0.8% vs -2.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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Blackrock ETF Trust II (CALI)

Smart Money Signals — CALI

Buying streak — 11 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +120% more funds vs a year ago

More buyers than sellers — 73% buying

More new buyers each quarter (+6 vs last Q)

Mostly new holders — 50% entered in last year

Growing discovery — still being found

Early stage — 76% of holders entered in last year

Smaller funds dominant — 12% AUM from top-100

Institutional Sentiment Summary — CALI

Hedge Fund Ownership: CALI

Market Analysis: CALI

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CALI

Is It Too Late to Buy Blackrock ETF Trust II (CALI) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: CALI

Statistics: CALI

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Blackrock ETF Trust II (CALI)

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