iShares iBonds Dec 2029 Term Muni Bond ETF
IBMR
119 hedge funds and large institutions have $316M invested in iShares iBonds Dec 2029 Term Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 62 increasing their positions, 13 reducing their positions, and 12 closing their positions.
377% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 13
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
32% more capital invested
Capital invested by funds: $240M → $316M (+$75.8M)
4% more funds holding
Funds holding: 114 → 119 (+5)
4.18% more ownership
Funds ownership: 81.31% → 85.48% (+4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$32.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$19.7M |
| 3 |
CIA
Covington Investment Advisors
Ligonier,
Pennsylvania
|
+$6.07M |
| 4 |
LIA
LBMC Investment Advisors
Brentwood,
Tennessee
|
+$4.04M |
| 5 |
FBB
Fulton Breakefield Broenniman
Bethesda,
Maryland
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Spreng Capital Management
Bucyrus,
Ohio
|
-$6.12M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.13M |
| 3 |
QFA
Quantum Financial Advisors
El Segundo,
California
|
-$3.08M |
| 4 |
HBT
Hills Bank & Trust
North Liberty,
Iowa
|
-$1.86M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.1M |
IBMR Hedge Fund Activity: Q4 2025 in Review
119 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) for Q4 2025, worth a combined $316M — up 32% from $240M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IBMR positions and 12 closed out — a net gain of 6 holders — while 62 added to existing stakes and 13 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $32.3M. The largest seller was Spreng Capital Management, exiting entirely with an estimated $6.12M sold.
- 119 institutional investors held iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) as of Q4 2025, up from 114 in Q3 2025.
- Funds reported $316M of iShares iBonds Dec 2029 Term Muni Bond ETF stock for Q4 2025, up 32% quarter-over-quarter.
- 18 funds opened new iShares iBonds Dec 2029 Term Muni Bond ETF positions in Q4 2025 and 12 closed out, a net change of +6 holders.
- The largest iShares iBonds Dec 2029 Term Muni Bond ETF buyer in Q4 2025 was Mercer Global Advisors, an estimated $32.3M added.
- The largest iShares iBonds Dec 2029 Term Muni Bond ETF seller in Q4 2025 was Spreng Capital Management, an estimated $6.12M sold.
Based on aggregated 13F filings for Q4 2025.