We are live on ! Find out more
BSMT icon

Invesco BulletShares 2029 Municipal Bond ETF
BSMT

108 hedge funds and large institutions have $165M invested in Invesco BulletShares 2029 Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 61 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

408% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 12

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

10% more capital invested

Capital invested by funds: $150M → $165M (+$14.5M)

7% more funds holding

Funds holding: 101 → 108 (+7)

1.79% less ownership

Funds ownership: 72.07% → 70.27% (-1.8%)

Holders
108
Holders Change
+7
Holders Change %
+6.93%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
61
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFA
Sequoia Financial Advisors
Ohio
+$3.91M
2
Jane Street
Jane Street
New York
+$2.06M
3
HighTower Advisors
HighTower Advisors
Illinois
+$1.54M
4
HBT
Hills Bank & Trust
Iowa
+$1.43M
5
UBS Group
UBS Group
Switzerland
+$960K

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$2.48M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.62M
3
VA
VestGen Advisors
Illinois
-$1.37M
4
BPA
Beacon Pointe Advisors
California
-$196K
5
ACM
AlphaStar Capital Management
North Carolina
-$143K
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
26
Jane Street
New York
$2.07M +$2.06M +89,287 New
KAS
27
Kestra Advisory Services
Texas
$1.9M +$108K +4,689 +6%
EC
28
Elequin Capital
New York
$1.8M +$865K +37,423 +92%
S
29
SignatureFD
Georgia
$1.8M – – –
VA
30
VestGen Advisors
Illinois
$1.77M -$1.37M -59,125 -44%
MML Investors Services
31
MML Investors Services
Massachusetts
$1.74M +$258K +11,150 +17%
CAM
32
Clark Asset Management
New Hampshire
$1.73M +$439K +19,001 +34%
ADL
33
Asset Dedication LLC
California
$1.6M +$109K +4,721 +7%
CCW
34
Coastline Complete Wealth
South Carolina
$1.6M +$1.59M +68,900 New
LPT
35
Legacy Private Trust
Wisconsin
$1.35M +$707K +30,580 +110%
FNB
36
Farmers National Bank
Kentucky
$1.21M +$62K +2,683 +5%
ACM
37
AlphaStar Capital Management
North Carolina
$911K -$143K -6,182 -14%
PWM
38
Paulson Wealth Management
Illinois
$892K +$191K +8,286 +27%
Brown Advisory
39
Brown Advisory
Maryland
$855K – – –
Jones Financial Companies
40
Jones Financial Companies
Missouri
$854K +$198K +8,563 +30%
SA
41
Sanctuary Advisors
Indiana
$854K +$64K +2,768 +8%
EH
42
Equitable Holdings
New York
$840K +$14.4K +623 +2%
CAPTRUST Financial Advisors
43
CAPTRUST Financial Advisors
North Carolina
$775K +$109K +4,702 +16%
MWM
44
Marietta Wealth Management
Georgia
$717K – – –
HI
45
Harbour Investments
Wisconsin
$715K +$54.6K +2,361 +8%
HNB
46
Huntington National Bank
Ohio
$701K – – –
FCM
47
Fourpath Capital Management
Oklahoma
$695K – – –
SPA
48
Sentinel Pension Advisors
Massachusetts
$664K +$393 +17 +0.1%
KOC
49
Koss-Olinger Consulting
Florida
$661K – – –
MWM
50
Meridian Wealth Management
Kentucky
$624K +$18.5K +800 +3%
1
2
3 4 5

BSMT Hedge Fund Activity: Q4 2025 in Review

108 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2029 Municipal Bond ETF (BSMT) for Q4 2025, worth a combined $165M — up 9.6% from $150M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BSMT positions and 3 closed out — a net gain of 8 holders — while 61 added to existing stakes and 12 trimmed.

The largest buyer was Sequoia Financial Advisors, opening a new position worth an estimated $3.91M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $2.48M sold.

  • 108 institutional investors held Invesco BulletShares 2029 Municipal Bond ETF (BSMT) as of Q4 2025, up from 101 in Q3 2025.
  • Funds reported $165M of Invesco BulletShares 2029 Municipal Bond ETF stock for Q4 2025, up 9.6% quarter-over-quarter.
  • 11 funds opened new Invesco BulletShares 2029 Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of +8 holders.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF buyer in Q4 2025 was Sequoia Financial Advisors, an estimated $3.91M added.
  • The largest Invesco BulletShares 2029 Municipal Bond ETF seller in Q4 2025 was Confluence Investment Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q4 2025.