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Invesco BulletShares 2029 Municipal Bond ETF
BSMT

101 hedge funds and large institutions have $150M invested in Invesco BulletShares 2029 Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 51 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 20

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $138M → $150M (+$12.6M)

7% more funds holding

Funds holding: 94 → 101 (+7)

1.05% more ownership

Funds ownership: 71.01% → 72.07% (+1.1%)

Holders
101
Holders Change
+7
Holders Change %
+7.45%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
51
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFG
Sterling Financial Group
California
+$2.62M
2
Wells Fargo
Wells Fargo
California
+$1.3M
3
Morgan Stanley
Morgan Stanley
New York
+$1.2M
4
S
SignatureFD
Georgia
+$930K
5
EC
Elequin Capital
New York
+$929K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$3.05M
2
CIM
Confluence Investment Management
Missouri
-$2.75M
3
Ameriprise
Ameriprise
Minnesota
-$1.5M
4
HBT
Hills Bank & Trust
Iowa
-$898K
5
CA
CGN Advisors
Kansas
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$1.86M -$12.7K -553 -0.7%
S
27
SignatureFD
Georgia
$1.8M +$930K +40,598 +109%
KAS
28
Kestra Advisory Services
Texas
$1.79M +$31.8K +1,389 +2%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$1.77M +$162K +7,085 +10%
ADL
30
Asset Dedication LLC
California
$1.49M -$33.4K -1,459 -2%
MML Investors Services
31
MML Investors Services
Massachusetts
$1.48M -$37.3K -1,626 -2%
CAM
32
Clark Asset Management
New Hampshire
$1.29M +$405K +17,661 +46%
FNB
33
Farmers National Bank
Kentucky
$1.15M +$34.6K +1,509 +3%
ACM
34
AlphaStar Capital Management
North Carolina
$1.05M -$53.7K -2,342 -5%
EC
35
Elequin Capital
New York
$936K +$929K +40,513 New
Brown Advisory
36
Brown Advisory
Maryland
$853K +$542K +23,648 +178%
EH
37
Equitable Holdings
New York
$824K +$31.4K +1,372 +4%
SA
38
Sanctuary Advisors
Indiana
$788K +$464K +20,257 +146%
MWM
39
Marietta Wealth Management
Georgia
$715K +$203K +8,874 +40%
HNB
40
Huntington National Bank
Ohio
$702K – – –
PWM
41
Paulson Wealth Management
Illinois
$698K +$289K +12,589 +71%
FCM
42
Fourpath Capital Management
Oklahoma
$693K +$688K +30,000 New
CAPTRUST Financial Advisors
43
CAPTRUST Financial Advisors
North Carolina
$665K +$201K +8,765 +44%
SPA
44
Sentinel Pension Advisors
Massachusetts
$663K +$413 +18 +0.1%
HI
45
Harbour Investments
Wisconsin
$659K +$282K +12,290 +76%
Jones Financial Companies
46
Jones Financial Companies
Missouri
$653K +$393K +17,161 +154%
KOC
47
Koss-Olinger Consulting
Florida
$648K – – –
LPT
48
Legacy Private Trust
Wisconsin
$643K +$309K +13,471 +94%
MWM
49
Meridian Wealth Management
Kentucky
$604K – – –
AA
50
Addison Advisors
Vermont
$577K +$49K +2,140 +9%
1
2
3 4 5

BSMT Hedge Fund Activity: Q3 2025 in Review

101 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2029 Municipal Bond ETF (BSMT) for Q3 2025, worth a combined $150M — up 9.1% from $138M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BSMT positions and 6 closed out — a net gain of 7 holders — while 51 added to existing stakes and 20 trimmed.

The largest buyer was Sterling Financial Group, adding an estimated $2.62M. The largest seller was Jane Street, exiting entirely with an estimated $3.05M sold.

  • 101 institutional investors held Invesco BulletShares 2029 Municipal Bond ETF (BSMT) as of Q3 2025, up from 94 in Q2 2025.
  • Funds reported $150M of Invesco BulletShares 2029 Municipal Bond ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
  • 13 funds opened new Invesco BulletShares 2029 Municipal Bond ETF positions in Q3 2025 and 6 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF buyer in Q3 2025 was Sterling Financial Group, an estimated $2.62M added.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF seller in Q3 2025 was Jane Street, an estimated $3.05M sold.

Based on aggregated 13F filings for Q3 2025.