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Invesco BulletShares 2027 Municipal Bond ETF
BSMR

122 hedge funds and large institutions have $191M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 71 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

294% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 18

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

9% more capital invested

Capital invested by funds: $175M → $191M (+$16.2M)

2% more funds holding

Funds holding: 120 → 122 (+2)

1.3% more ownership

Funds ownership: 68.33% → 69.63% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
122
Holders Change
+2
Holders Change %
+1.67%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
11
Increased
71
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SF
Summit Financial
New Jersey
+$5.06M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.12M
3
Wells Fargo
Wells Fargo
California
+$1.1M
4
Ameriprise
Ameriprise
Minnesota
+$1.06M
5
S
SignatureFD
Georgia
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
EC
Elequin Capital
New York
-$2.09M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.06M
3
AI
Atria Investments
North Carolina
-$1.03M
4
FFN
Focus Financial Network
Minnesota
-$661K
5
CA
CGN Advisors
Kansas
-$405K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
101
Brookstone Capital Management
Illinois
$206K -$17.9K -757 -8%
OFG
102
Opulen Financial Group
Virginia
$204K +$1.2K +51 +0.6%
FF
103
Francis Financial
$203K +$202K +8,564 New
HIP
104
HUB Investment Partners
Texas
$201K +$201K +8,511 New
CBT
105
Crews Bank & Trust
Florida
$200K – – –
FFA
106
Farther Finance Advisors
California
$175K +$141K +5,982 +417%
CAL
107
Capital Analysts LLC
Pennsylvania
$174K – – –
KOCAA
108
Knights of Columbus Asset Advisors
Connecticut
$167K – – –
OSAM
109
O'Shaughnessy Asset Management
Connecticut
$161K +$160K +6,793 New
ASN
110
Advisory Services Network
Georgia
$136K +$136K +5,765 New
LFG
111
Larson Financial Group
Missouri
$127K – – –
OSNBOA
112
Old Second National Bank of Aurora
Illinois
$123K +$104K +4,400 +550%
CF
113
Collier Financial
Colorado
$104K +$103K +4,382 New
IA
114
IFP Advisors
Florida
$96.8K +$59.1K +2,506 +158%
PNC Financial Services Group
115
PNC Financial Services Group
Pennsylvania
$94.9K -$166K -7,042 -64%
GWM
116
Geneos Wealth Management
Colorado
$73.3K +$73.1K +3,100 New
PS
117
Principal Securities
Iowa
$69.3K -$637 -27 -0.9%
MCM
118
MAI Capital Management
Ohio
$53.3K +$378 +16 +0.7%
Carson Wealth (CWM LLC)
119
Carson Wealth (CWM LLC)
Nebraska
$33K – – –
OP
120
ORG Partners
Indiana
$20.1K – – –
AF
121
Advisornet Financial
Minnesota
$18.5K -$7.24K -307 -28%
WBC
122
West Branch Capital
Massachusetts
$11.8K – – –
HIA
123
Harbor Investment Advisory
Maryland
$3.55K – – –
EC
124
Elequin Capital
New York
– -$2.09M -89,011 Closed
AI
125
Atria Investments
North Carolina
– -$1.03M -43,872 Closed
2 3 4
5
6

BSMR Hedge Fund Activity: Q3 2025 in Review

122 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q3 2025, worth a combined $191M — up 9.2% from $175M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSMR positions and 8 closed out — a net gain of 3 holders — while 71 added to existing stakes and 18 trimmed.

The largest buyer was Summit Financial, opening a new position worth an estimated $5.06M. The largest seller was Elequin Capital, exiting entirely with an estimated $2.09M sold.

  • 122 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q3 2025, up from 120 in Q2 2025.
  • Funds reported $191M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q3 2025, up 9.2% quarter-over-quarter.
  • 11 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q3 2025 and 8 closed out, a net change of +3 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q3 2025 was Summit Financial, an estimated $5.06M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q3 2025 was Elequin Capital, an estimated $2.09M sold.

Based on aggregated 13F filings for Q3 2025.