Invesco BulletShares 2035 Municipal Bond ETF
BSMZ
29 hedge funds and large institutions have $26M invested in Invesco BulletShares 2035 Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 4 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
62% more capital invested
Capital invested by funds: $16M → $26M (+$9.99M)
26% more funds holding
Funds holding: 23 → 29 (+6)
9.72% less ownership
Funds ownership: 78.73% → 69.01% (-9.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$5.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.52M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.03M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$460K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
-$2.17M |
| 2 |
Jane Street
New York
|
-$668K |
| 3 |
KOC
Koss-Olinger Consulting
Gainesville,
Florida
|
-$579K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$265K |
| 5 |
DIM
Delta Investment Management
San Francisco,
California
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $97K | +$49.8K | +1,950 | +103% |
|
|
ADL
27
Asset Dedication LLC
San Francisco,
California
| $7.49K | +$7.61K | +298 | New |
|
28
UBS Group
Zurich,
Switzerland
| $7.44K | +$7.56K | +296 | New |
|
|
RFP
29
Root Financial Partners
Encinitas,
California
| $3.32K | +$3.37K | +132 | New |
|
|
EC
30
Elequin Capital
New York
| – | -$2.17M | -85,314 | Closed |
|
|
KOC
31
Koss-Olinger Consulting
Gainesville,
Florida
| – | -$579K | -22,758 | Closed |
|
|
32
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$265K | -10,400 | Closed |
|
|
DIM
33
Delta Investment Management
San Francisco,
California
| – | -$200K | -7,864 | Closed |
|
BSMZ Hedge Fund Activity: Q1 2026 in Review
29 of the 8,134 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) for Q1 2026, worth a combined $26M — up 62% from $16M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BSMZ positions and 4 closed out — a net gain of 6 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Confluence Investment Management, opening a new position worth an estimated $5.7M. The largest seller was Elequin Capital, exiting entirely with an estimated $2.17M sold.
- 29 institutional investors held Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) as of Q1 2026, up from 23 in Q4 2025.
- Funds reported $26M of Invesco BulletShares 2035 Municipal Bond ETF stock for Q1 2026, up 62% quarter-over-quarter.
- 10 funds opened new Invesco BulletShares 2035 Municipal Bond ETF positions in Q1 2026 and 4 closed out, a net change of +6 holders.
- The largest Invesco BulletShares 2035 Municipal Bond ETF buyer in Q1 2026 was Confluence Investment Management, an estimated $5.7M added.
- The largest Invesco BulletShares 2035 Municipal Bond ETF seller in Q1 2026 was Elequin Capital, an estimated $2.17M sold.
Based on aggregated 13F filings for Q1 2026.