We are live on ! Find out more
MUB icon

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
DJSG
301
D.J. St. Germain
Massachusetts
$8M +$1.63M +15,333 +25%
FPAS
302
Focus Partners Advisor Solutions
Missouri
$8M +$2.09M +19,672 +35%
OWCM
303
One Wealth Capital Management
Arizona
$7.97M -$229K -2,157 -3%
SF
304
Summit Financial
New Jersey
$7.95M -$5.37M -50,479 -40%
Kayne Anderson Rudnick Investment Management
305
Kayne Anderson Rudnick Investment Management
California
$7.92M +$176K +1,656 +2%
AL
306
ADE LLC
Maryland
$7.87M -$15K -141 -0.2%
CWS
307
Confluence Wealth Services
Pennsylvania
$7.84M +$3.34M +31,403 +71%
COLIM
308
City of London Investment Management
United Kingdom
$7.84M +$1.97M +18,500 +33%
SC
309
Stephens Consulting
Michigan
$7.78M -$204K -1,918 -3%
FWA
310
FSM Wealth Advisors
Ohio
$7.76M +$262K +2,464 +3%
AWMG
311
Alliance Wealth Management Group
New Jersey
$7.7M +$20.5K +193 +0.3%
SC
312
Savant Capital
Illinois
$7.67M -$1.54M -14,525 -17%
LI
313
LifeWealth Investments
Florida
$7.58M +$5.24M +49,259 +218%
AIM
314
Acropolis Investment Management
Missouri
$7.47M -$293K -2,754 -4%
DE
315
Diversified Enterprises
Delaware
$7.46M +$3.96M +37,204 +111%
AFG
316
Arkansas Financial Group
Arkansas
$7.45M +$171K +1,604 +2%
I
317
IMPACTfolio
Colorado
$7.45M +$1.15M +10,847 +18%
WP
318
WealthShield Partners
North Carolina
$7.45M +$273K +2,564 +4%
HG
319
Harbor Group
New Hampshire
$7.4M -$1.56M -14,677 -17%
CMAI
320
Capital Management Associates Inc
Minnesota
$7.36M +$4.79M +45,080 +182%
MHC
321
May Hill Capital
Massachusetts
$7.32M +$244K +2,297 +3%
IWMA
322
Ironwood Wealth Management (Arizona)
Arizona
$7.29M -$580K -5,453 -7%
FA
323
Fedenia Advisers
Wisconsin
$7.22M +$540K +5,081 +8%
ATPW
324
Ashton Thomas Private Wealth
Arizona
$7.19M -$1.18M -11,099 -14%
BWA
325
Burt Wealth Advisors
Maryland
$7.16M -$121K -1,142 -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.