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iShares National Muni Bond ETF

1,536 hedge funds and large institutions have $34.5B invested in iShares National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 156 funds opening new positions, 561 increasing their positions, 646 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more call options, than puts

Call options by funds: $593M | Put options by funds: $226M

56% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 100

3% more funds holding

Funds holding: 1,4981,536 (+38)

0.1% more ownership

Funds ownership: 89.08%89.18% (+0.1%)

3% less capital invested

Capital invested by funds: $35.3B → $34.5B (-$893M)

9% less funds holding in top 10

Funds holding in top 10: 117106 (-11)

13% less repeat investments, than reductions

Existing positions increased: 561 | Existing positions reduced: 646

Holders
1,536
Holders Change
+38
Holders Change %
+2.54%
% of All Funds
20.22%
Holding in Top 10
106
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-9.4%
% of All Funds
1.4%
New
156
Increased
561
Reduced
646
Closed
100
Calls
$593M
Puts
$226M
Net Calls
+$368M
Net Calls Change
+$736M
Name Holding Trade Value Shares
Change
Change in
Stake
TWM
251
Thrive Wealth Management
Pennsylvania
$10.8M +$7.61M +73,197 +240%
AWA
252
Aquire Wealth Advisors
Utah
$10.8M +$1.97M +18,903 +22%
2L
253
25 LLC
Missouri
$10.7M +$379K +3,644 +4%
LI
254
LifeWealth Investments
Florida
$10.6M +$3.03M +29,125 +41%
CAMG
255
CWA Asset Management Group
Florida
$10.5M +$667K +6,411 +7%
BCM
256
Brookstone Capital Management
Illinois
$10.4M +$1.12M +10,775 +12%
Citadel Advisors
257
Citadel Advisors
Florida
$10.3M +$10.3M +98,993 New
OGF
258
Orin Green Financial
California
$10.2M -$1.72M -16,586 -15%
HG
259
Harbor Group
New Hampshire
$10.2M +$2.82M +27,088 +39%
LA
260
Lindenwold Advisors
Pennsylvania
$10.2M +$316K +3,035 +3%
HI
261
Hudock Inc
Pennsylvania
$10.1M -$24.3K -234 -0.2%
RI
262
Rinkey Investments
California
$10.1M -$7.74M -74,482 -43%
Fifth Third Bancorp
263
Fifth Third Bancorp
Ohio
$10.1M +$63.1K +607 +0.6%
LNWTC
264
Laird Norton Wetherby Trust Company
Washington
$9.98M +$396K +3,808 +4%
NAS
265
Nicolet Advisory Services
Wisconsin
$9.97M -$473K -4,548 -5%
GWSA
266
Global Wealth Strategies & Associates
Colorado
$9.89M +$469K +4,512 +5%
WFS
267
Weitzel Financial Services
Iowa
$9.83M +$321K +3,087 +3%
UWPG
268
Ullmann Wealth Partners Group
Florida
$9.82M +$6.04M +58,092 +162%
GHA
269
Granite Harbor Advisors
Texas
$9.78M +$894K +8,596 +10%
MWA
270
Martel Wealth Advisors
Washington
$9.63M -$184K -1,773 -2%
FHA
271
First Horizon Advisors
Tennessee
$9.61M -$282K -2,717 -3%
CFP
272
Catalyst Financial Partners
Massachusetts
$9.6M -$1.3M -12,510 -12%
BSSFA
273
Baron Silver Stevens Financial Advisors
Florida
$9.51M -$2.07M -19,902 -18%
SHWM
274
Smith & Howard Wealth Management
Georgia
$9.34M -$272K -2,617 -3%
VT
275
Vise Technologies
New York
$9.31M +$9.27M +89,115 New

MUB Hedge Fund Activity: Q2 2025 in Review

1,536 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2025, worth a combined $34.5B — down 2.5% from $35.3B a quarter earlier.

Buyers outnumbered sellers: 156 funds opened new MUB positions and 100 closed out — a net gain of 56 holders — while 561 added to existing stakes and 646 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $552M. The largest seller was Charles Schwab, cutting an estimated $951M.

  • 1,536 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2025, up from 1,498 in Q1 2025.
  • Funds reported $34.5B of iShares National Muni Bond ETF stock for Q2 2025, down 2.5% quarter-over-quarter.
  • 156 funds opened new iShares National Muni Bond ETF positions in Q2 2025 and 100 closed out, a net change of +56 holders.
  • The largest iShares National Muni Bond ETF buyer in Q2 2025 was Fidelity Investments, an estimated $552M added.
  • The largest iShares National Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $951M sold.

Based on aggregated 13F filings for Q2 2025.