We are live on ! Find out more
BAB icon

Invesco Taxable Municipal Bond ETF
BAB

197 hedge funds and large institutions have $677M invested in Invesco Taxable Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 62 increasing their positions, 67 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 12

20% more capital invested

Capital invested by funds: $564M → $677M (+$113M)

9% more funds holding

Funds holding: 180 → 197 (+17)

5.03% more ownership

Funds ownership: 61.01% → 66.05% (+5%)

7% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 67

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
197
Holders Change
+17
Holders Change %
+9.44%
% of All Funds
2.4%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
30
Increased
62
Reduced
67
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAS
Annex Advisory Services
Wisconsin
+$83.8M
2
Morgan Stanley
Morgan Stanley
New York
+$7.52M
3
Ameriprise
Ameriprise
Minnesota
+$3.98M
4
Corient Private Wealth
Corient Private Wealth
Florida
+$3.48M
5
AWM
AE Wealth Management
Kansas
+$2.33M

Top Sellers

1
HFA
Hershey Financial Advisers
Pennsylvania
-$3.53M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.33M
3
Bank of America
Bank of America
North Carolina
-$1.11M
4
MOS
MGO One Seven
Ohio
-$755K
5
UBS Group
UBS Group
Switzerland
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
26
Truist Financial
North Carolina
$5.5M +$153K +5,578 +3%
Barclays
27
Barclays
United Kingdom
$5.44M – – –
SMI
28
Shelter Mutual Insurance
Missouri
$5.4M – – –
Stifel Financial
29
Stifel Financial
Missouri
$5.33M -$40.6K -1,483 -0.8%
WANY
30
Wealthspire Advisors (New York)
New York
$5.11M -$359K -13,111 -7%
HGA
31
Hobbs Group Advisors
South Carolina
$4.99M +$106K +3,858 +2%
RA
32
Rational Advisors
New York
$3.9M -$319K -11,662 -8%
Jones Financial Companies
33
Jones Financial Companies
Missouri
$3.79M +$742K +27,116 +24%
Corient Private Wealth
34
Corient Private Wealth
Florida
$3.46M +$3.48M +127,199 New
MCC
35
Money Concepts Capital
Florida
$3.35M +$98.1K +3,586 +3%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$3.34M -$88.2K -3,223 -3%
DCM
37
Donaldson Capital Management
Indiana
$3.25M +$447K +16,345 +16%
OA
38
Oceanside Advisors
South Carolina
$3.16M +$117K +4,274 +4%
DLCIG
39
D.L. Carlson Investment Group
New Hampshire
$3.16M +$406K +14,853 +15%
LCG
40
Lakeshore Capital Group
Illinois
$3.14M -$16.8K -614 -0.5%
APA
41
Astoria Portfolio Advisors
New York
$3.08M +$342K +12,504 +13%
HCM
42
Hudson Capital Management
New Jersey
$2.99M +$106K +3,879 +4%
PG
43
Patten Group
Tennessee
$2.85M +$517K +18,899 +22%
FIM
44
Freedom Investment Management
Connecticut
$2.75M -$442K -16,156 -14%
Osaic Holdings
45
Osaic Holdings
Arizona
$2.65M +$114K +4,153 +4%
WI
46
WrapManager Inc
California
$2.61M -$96.2K -3,517 -4%
Mirae Asset Global Investments
47
Mirae Asset Global Investments
South Korea
$2.45M -$143K -5,230 -5%
AWM
48
AE Wealth Management
Kansas
$2.39M +$2.33M +85,140 +3,306%
Cetera Investment Advisers
49
Cetera Investment Advisers
Illinois
$2.31M +$95.5K +3,490 +4%
AHC
50
Anderson Hoagland & Co
Missouri
$2.26M +$310K +11,337 +16%
1
2
3 4 5

BAB Hedge Fund Activity: Q4 2025 in Review

197 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2025, worth a combined $677M — up 20% from $564M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new BAB positions and 12 closed out — a net gain of 18 holders — while 62 added to existing stakes and 67 trimmed.

The largest buyer was Annex Advisory Services, opening a new position worth an estimated $83.8M. The largest seller was Hershey Financial Advisers, exiting entirely with an estimated $3.53M sold.

  • 197 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2025, up from 180 in Q3 2025.
  • Funds reported $677M of Invesco Taxable Municipal Bond ETF stock for Q4 2025, up 20% quarter-over-quarter.
  • 30 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2025 and 12 closed out, a net change of +18 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2025 was Annex Advisory Services, an estimated $83.8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2025 was Hershey Financial Advisers, an estimated $3.53M sold.

Based on aggregated 13F filings for Q4 2025.