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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
DE
276
Diversified Enterprises
Delaware
$9.29M +$1.89M +18,154 +26%
American Century Companies
277
American Century Companies
Missouri
$9.26M +$9.21M +88,600 New
BWM
278
BCO Wealth Management
New Mexico
$9.12M -$300K -2,886 -3%
AI
279
Atria Investments
North Carolina
$9.11M -$1.5M -14,445 -14%
PWP
280
PrairieView Wealth Partners
Illinois
$9.1M +$9.06M +87,096 New
DLCIG
281
D.L. Carlson Investment Group
New Hampshire
$9.06M +$5.14M +49,476 +133%
HCM
282
Horiko Capital Management
New York
$9.04M
Group One Trading
283
Group One Trading
Illinois
$9.01M +$8.97M +86,245 New
BFA
284
Bragg Financial Advisors
North Carolina
$8.91M +$781K +7,513 +10%
SWG
285
Summit Wealth Group
Vermont
$8.89M +$5.78M +55,552 +188%
VA
286
Valmark Advisers
Ohio
$8.89M +$693K +6,664 +9%
FFG
287
Fiduciary Financial Group
California
$8.83M +$1.61M +15,515 +22%
TPCW
288
TD Private Client Wealth
New York
$8.71M +$3.89M +37,455 +82%
WAS
289
Wealth Advisory Solutions
Indiana
$8.62M +$224K +2,155 +3%
OIS
290
Okabena Investment Services
Minnesota
$8.43M +$60.4K +581 +0.7%
RIA
291
Regal Investment Advisors
Michigan
$8.36M -$155K -1,495 -2%
DJSG
292
D.J. St. Germain
Massachusetts
$8.35M +$420K +4,036 +5%
AC
293
Asio Capital
Kentucky
$8.28M -$13.5M -129,637 -62%
Kayne Anderson Rudnick Investment Management
294
Kayne Anderson Rudnick Investment Management
California
$8.18M +$336K +3,234 +4%
CWS
295
Confluence Wealth Services
Pennsylvania
$8.1M +$178K +1,715 +2%
PWMG
296
Private Wealth Management Group
New Jersey
$8.04M -$1.41M -13,517 -15%
CA
297
CGN Advisors
Kansas
$7.98M -$1.09M -10,501 -12%
OWCM
298
One Wealth Capital Management
Arizona
$7.93M +$33.8K +325 +0.4%
Wolverine Trading
299
Wolverine Trading
Illinois
$7.89M +$3.92M +37,746 +100%
BWP
300
BSW Wealth Partners
Colorado
$7.82M +$5.14M +49,392 +194%

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.