Robertson Stephens Wealth Management 13F: New $3.3M Stake in CALI

Robertson Stephens Wealth Management took a new position in the iShares Short-Term California Muni Active ETF (CALI) in a filing on October 16, 2026. The firm acquired 66,451 shares, valued at about $3.3 million. This reflects a move into a fund that primarily invests in short-term municipal securities issued by California.

What Changed in Robertson Stephens Wealth Management's Position

Robertson Stephens opened a new position, starting with 66,451 shares in CALI. This purchase marks the firm's entry into the fund, which focuses on investment-grade municipal securities, including bonds and notes with maturities of five years or less.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

As of October 16, 2026, CALI traded recently around $50.02. This price is below its 50-day moving average of about $50.14 and its 200-day average of approximately $50.40. It is also just below its 52-week high of $51.39 but above its low of $49.66.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF seeks to provide investors with exposure to short-term municipal securities primarily issued by California. The fund generally invests in a variety of investment-grade bonds and notes, as well as money market instruments. This investment style typically attracts those looking for stability and income.

Bottom Line

Investors should monitor CALI's performance as Robertson Stephens begins its new position. The next earnings date and further filings will be significant for understanding how this move fits into the broader municipal bond market. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.