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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
PWM
326
Pines Wealth Management
North Carolina
$7.16M +$705K +6,630 +10%
LFS
327
Legacy Financial Strategies
Kansas
$7.16M +$154K +1,448 +2%
WFP
328
Wrenne Financial Planning
Kentucky
$7.15M +$227K +2,136 +3%
MWP
329
Moller Wealth Partners
$7.12M -$117K -1,100 -2%
FFG
330
Fiduciary Financial Group
California
$7.12M +$2.23M +20,969 +44%
CWMK
331
Caliber Wealth Management (Kansas)
Kansas
$7.1M +$7.16M +67,324 New
FBB
332
Fulton Breakefield Broenniman
Maryland
$7.01M +$640K +6,014 +10%
RFG
333
RFP Financial Group
Georgia
$6.96M +$2.02K +19 +0%
CFS
334
Cannon Financial Strategists
Georgia
$6.89M +$1.01M +9,491 +17%
FM
335
Foster & Motley
Ohio
$6.87M -$55K -517 -0.8%
GI
336
Gradient Investments
Minnesota
$6.86M +$6.92M +65,023 New
BCWM
337
Bartlett & Co Wealth Management
Ohio
$6.84M -$237K -2,233 -3%
EPM
338
Elm Partners Management
Pennsylvania
$6.83M -$7.98M -75,013 -54%
GKWIM
339
Gerber Kawasaki Wealth & Investment Management
California
$6.81M -$18.4K -173 -0.3%
MFA
340
Mayflower Financial Advisors
Massachusetts
$6.79M -$617K -5,798 -8%
CAM
341
Clarity Asset Management
Iowa
$6.78M -$3.63M -34,134 -35%
Brown Advisory
342
Brown Advisory
Maryland
$6.77M -$423K -3,982 -6%
PFM
343
Phillips Financial Management
Indiana
$6.76M +$288K +2,707 +4%
PS
344
Principal Securities
Iowa
$6.75M +$14.5K +136 +0.2%
SWM
345
Seaside Wealth Management
California
$6.73M -$135K -1,269 -2%
G
346
GenTrust
Florida
$6.69M
IMC Chicago
347
IMC Chicago
Illinois
$6.58M +$6.64M +62,413 New
EB
348
Exchange Bank
California
$6.56M +$385K +3,619 +6%
ST
349
Smithfield Trust
Pennsylvania
$6.53M +$175K +1,649 +3%
HCC
350
Hirtle Callaghan & Co
Pennsylvania
$6.52M

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.