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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
HI
251
Horizon Investments
North Carolina
$11M -$238K -2,236 -2%
RSWM
252
Robertson Stephens Wealth Management
California
$10.9M +$2.2M +20,664 +25%
AI
253
Atria Investments
North Carolina
$10.7M +$194K +1,825 +2%
CIBC Private Wealth Group
254
CIBC Private Wealth Group
Georgia
$10.6M -$312K -2,931 -3%
SW
255
Simplicity Wealth
New Jersey
$10.5M +$9.23M +86,779 +666%
2L
256
25 LLC
Missouri
$10.4M +$365K +3,436 +4%
NAS
257
Nicolet Advisory Services
Wisconsin
$10.3M -$803K -7,550 -7%
BBWP
258
Beacon Bridge Wealth Partners
Pennsylvania
$10.3M +$1.09M +10,266 +12%
HI
259
Hudock Inc
Pennsylvania
$10.3M +$1.27M +11,911 +14%
Fifth Third Bancorp
260
Fifth Third Bancorp
Ohio
$10.1M -$1.29M -12,093 -11%
FHA
261
First Horizon Advisors
Tennessee
$9.98M -$14.2M -133,357 -58%
AFG
262
Albion Financial Group
Utah
$9.98M +$638K +5,997 +7%
LA
263
Lindenwold Advisors
Pennsylvania
$9.92M +$103K +966 +1%
MWA
264
Martel Wealth Advisors
Washington
$9.9M +$171K +1,610 +2%
CAMG
265
CWA Asset Management Group
Florida
$9.89M +$1M +9,408 +11%
PP
266
PDS Planning
Ohio
$9.89M +$119K +1,120 +1%
WC
267
Waterloo Capital
Texas
$9.87M +$2.8M +26,337 +39%
FLPIM
268
F.L. Putnam Investment Management
Massachusetts
$9.74M -$2.25M -21,142 -19%
SHWM
269
Smith & Howard Wealth Management
Georgia
$9.71M +$434K +4,085 +5%
LNWTC
270
Laird Norton Wetherby Trust Company
Washington
$9.67M +$593K +5,580 +6%
PCIG
271
Partners Capital Investment Group
Massachusetts
$9.66M +$9.75M +91,634 New
WFS
272
Weitzel Financial Services
Iowa
$9.63M
SHGA
273
Sand Hill Global Advisors
California
$9.59M -$4.01M -37,746 -29%
PWMG
274
Private Wealth Management Group
New Jersey
$9.54M -$708K -6,658 -7%
BWM
275
BCO Wealth Management
New Mexico
$9.51M -$220K -2,066 -2%

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.