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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
GWSA
276
Global Wealth Strategies & Associates
Colorado
$9.5M +$1.47M +13,827 +18%
BCM
277
Brookstone Capital Management
Illinois
$9.34M +$1.57M +14,746 +20%
PGFC
278
Peapack-Gladstone Financial Corp
New Jersey
$9.3M +$1.68M +15,772 +22%
Lazard Asset Management
279
Lazard Asset Management
New York
$9.22M
CA
280
CGN Advisors
Kansas
$9.16M +$2.08M +19,561 +29%
HCM
281
Horiko Capital Management
New York
$9.13M
ACA
282
Ackerman Capital Advisors
Texas
$9.11M +$462K +4,342 +5%
CW
283
Cook Wealth
North Carolina
$9M -$942K -8,860 -9%
GHA
284
Granite Harbor Advisors
Texas
$8.96M +$733K +6,888 +9%
AWA
285
Aquire Wealth Advisors
Utah
$8.93M +$131K +1,230 +1%
GAB
286
German American Bancorp
Indiana
$8.73M -$2.26M -21,210 -20%
FFN
287
Focus Financial Network
Minnesota
$8.72M +$410K +3,851 +5%
Kovitz Investment Group Partners
288
Kovitz Investment Group Partners
Illinois
$8.65M -$2.16M -20,356 -20%
RIA
289
Regal Investment Advisors
Michigan
$8.59M -$232K -2,177 -3%
GAG
290
GM Advisory Group
New York
$8.58M -$414K -3,890 -5%
WAS
291
Wealth Advisory Solutions
Indiana
$8.47M +$8.54M +80,325 New
OIS
292
Okabena Investment Services
Minnesota
$8.45M -$2.97M -27,918 -26%
LP
293
LMR Partners
United Kingdom
$8.44M +$8.51M +80,000 New
OCG
294
Opus Capital Group
Ohio
$8.33M -$341K -3,205 -4%
VA
295
Valmark Advisers
Ohio
$8.27M -$65.8K -619 -0.8%
KWM
296
Kingsview Wealth Management
Oregon
$8.26M +$614K +5,774 +8%
Simplex Trading
297
Simplex Trading
Illinois
$8.22M -$1.99M -18,707 -19%
SAI
298
Savvy Advisors Inc
New York
$8.21M +$950K +8,929 +13%
BFA
299
Bragg Financial Advisors
North Carolina
$8.2M +$367K +3,448 +5%
HFA
300
High Falls Advisors
New York
$8.12M +$1.17M +11,048 +17%

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.