iShares Long-Term National Muni Bond ETF
LMUB
5 hedge funds and large institutions have $22.7M invested in iShares Long-Term National Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
5% less capital invested
Capital invested by funds: $23.9M → $22.7M (-$1.23M)
8.74% less ownership
Funds ownership: 86.97% → 78.22% (-8.7%)
29% less funds holding
Funds holding: 7 → 5 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWAM
Manhattan West Asset Management
Los Angeles,
California
|
+$1.87M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$70.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.93M |
| 2 |
Jane Street
New York
|
-$451K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$150 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
BlackRock
New York
| $16.2M | -$2.93M | -58,000 | -15% |
|
|
MWAM
2
Manhattan West Asset Management
Los Angeles,
California
| $2.97M | +$1.87M | +37,095 | +169% |
|
|
CF
3
Conquis Financial
Milbrae,
California
| $1.73M | – | – | – |
|
|
4
HighTower Advisors
Chicago,
Illinois
| $1.45M | +$70.7K | +1,399 | +5% |
|
|
WT
5
Whittier Trust
South Pasadena,
California
| $283K | – | – | – |
|
|
6
Jane Street
New York
| – | -$451K | -9,027 | Closed |
|
|
7
UBS Group
Zurich,
Switzerland
| – | -$150 | -3 | Closed |
|
LMUB Hedge Fund Activity: Q4 2025 in Review
5 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in iShares Long-Term National Muni Bond ETF (LMUB) for Q4 2025, worth a combined $22.7M — down 5.2% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of LMUB and 0 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Manhattan West Asset Management, adding an estimated $1.87M. The largest seller was BlackRock, cutting an estimated $2.93M.
- 5 institutional investors held iShares Long-Term National Muni Bond ETF (LMUB) as of Q4 2025, down from 7 in Q3 2025.
- Funds reported $22.7M of iShares Long-Term National Muni Bond ETF stock for Q4 2025, down 5.2% quarter-over-quarter.
- 0 funds opened new iShares Long-Term National Muni Bond ETF positions in Q4 2025 and 2 closed out, a net change of -2 holders.
- The largest iShares Long-Term National Muni Bond ETF buyer in Q4 2025 was Manhattan West Asset Management, an estimated $1.87M added.
- The largest iShares Long-Term National Muni Bond ETF seller in Q4 2025 was BlackRock, an estimated $2.93M sold.
Based on aggregated 13F filings for Q4 2025.