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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
NSIM
226
North Star Investment Management
Illinois
$13.3M -$530K -4,987 -4%
SPC
227
Sigma Planning Corp
Michigan
$13.2M -$813K -7,646 -6%
CC
228
Centiva Capital
New York
$13.2M -$1.47M -13,811 -10%
PI
229
Parkside Investments
Illinois
$13.1M -$63.8K -600 -0.5%
WA
230
Waverly Advisors
Alabama
$13.1M +$969K +9,109 +8%
MFG
231
Merit Financial Group
Georgia
$13M +$7.27M +68,351 +125%
Deutsche Bank
232
Deutsche Bank
Germany
$12.8M +$2.24M +21,071 +21%
GL
233
Graypoint LLC
New York
$12.8M +$554K +5,206 +4%
CAL
234
Capital Analysts LLC
Pennsylvania
$12.8M -$7.2M -67,656 -36%
TCM
235
Towercrest Capital Management
Pennsylvania
$12.8M -$1.07M -10,028 -8%
NW
236
NewEdge Wealth
Pennsylvania
$12.5M -$950K -8,931 -7%
SA
237
Skyline Advisors
Washington
$12.3M +$88K +827 +0.7%
FT
238
Fiduciary Trust
Massachusetts
$12.2M +$175K +1,649 +1%
NFG
239
Northeast Financial Group
Pennsylvania
$12.2M +$2.93M +27,584 +31%
AR
240
Apeiron RIA
Texas
$12M +$645K +6,062 +6%
OGF
241
Orin Green Financial
California
$11.7M +$12.1M +113,947 New
FFA
242
Fragasso Financial Advisors
Pennsylvania
$11.7M -$2.12M -19,957 -15%
BSSFA
243
Baron Silver Stevens Financial Advisors
Florida
$11.7M -$155K -1,460 -1%
VC
244
Veery Capital
Delaware
$11.5M +$20.1K +189 +0.2%
FFS
245
Founders Financial Securities
Maryland
$11.5M +$310K +2,913 +3%
BOPW
246
Brandywine Oak Private Wealth
Pennsylvania
$11.5M +$580K +5,453 +5%
VWM
247
Verus Wealth Management
Wisconsin
$11.4M +$18.7K +176 +0.2%
FFM
248
Forum Financial Management
Illinois
$11.2M -$6.52M -61,313 -37%
DWM
249
Dakota Wealth Management
Florida
$11M +$430K +4,043 +4%
CFP
250
Catalyst Financial Partners
Massachusetts
$11M +$887K +8,342 +9%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.