(CNN) – Is California President Barack Obama's ATM?

The president heads to California Wednesday for four fund-raisers. It's his third fund-raising swing through the Golden State over the past month.

The president's raised over $44 million in California this cycle, according to data through the end of April from Political MoneyLine. That's nearly $16 million more than the amount Obama's raised in New York, which is second when it comes to contributions for president.

But the fact the Golden State is number one is no surprise.

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