iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
177 hedge funds and large institutions have $521M invested in iShares iBonds Dec 2028 Term Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 94 increasing their positions, 25 reducing their positions, and 5 closing their positions.
320% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 5
276% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 25
21% more capital invested
Capital invested by funds: $429M → $521M (+$91.4M)
9% more funds holding
Funds holding: 163 → 177 (+14)
6.53% more ownership
Funds ownership: 84.55% → 91.08% (+6.5%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$76.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.06M |
| 3 |
PA
PSI Advisors
Tampa,
Florida
|
+$2.79M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$2.64M |
| 5 |
SCG
Sonata Capital Group
Seattle,
Washington
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.41M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.25M |
| 3 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$1.09M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.05M |
| 5 |
NDSI
Newman Dignan & Sheerar Inc
Providence,
Rhode Island
|
-$656K |
IBMQ Hedge Fund Activity: Q4 2025 in Review
177 institutional investors reported a position in iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) for Q4 2025, worth a combined $521M — up 21% from $429M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new IBMQ positions and 5 closed out — a net gain of 16 holders — while 94 added to existing stakes and 25 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $76.7M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $3.41M sold.
- 177 institutional investors held iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) as of Q4 2025, up from 163 in Q3 2025.
- Funds reported $521M of iShares iBonds Dec 2028 Term Muni Bond ETF stock for Q4 2025, up 21% quarter-over-quarter.
- 21 funds opened new iShares iBonds Dec 2028 Term Muni Bond ETF positions in Q4 2025 and 5 closed out, a net change of +16 holders.
- The largest iShares iBonds Dec 2028 Term Muni Bond ETF buyer in Q4 2025 was Mercer Global Advisors, an estimated $76.7M added.
- The largest iShares iBonds Dec 2028 Term Muni Bond ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $3.41M sold.
Based on aggregated 13F filings for Q4 2025.