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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
TFG
376
Tilson Financial Group
New Jersey
$5.63M +$2.25M +21,651 +67%
SB
377
Strategic Blueprint
Georgia
$5.63M -$21.7K -209 -0.4%
SWM
378
Seaside Wealth Management
California
$5.61M -$1.05M -10,092 -16%
EWA
379
Exencial Wealth Advisors
Oklahoma
$5.6M -$737K -7,084 -12%
ST
380
Smithfield Trust
Pennsylvania
$5.55M -$901K -8,663 -14%
PCM
381
Passive Capital Management
Maryland
$5.54M -$37.5K -361 -0.7%
SFG
382
Somnio Financial Group
Connecticut
$5.44M +$5.42M +52,099 New
NC
383
NewSquare Capital
Pennsylvania
$5.41M +$127K +1,223 +2%
NGA
384
Naples Global Advisors
Florida
$5.4M +$151K +1,448 +3%
EB
385
Exchange Bank
California
$5.37M -$1.13M -10,861 -17%
MFA
386
Mayflower Financial Advisors
Massachusetts
$5.36M -$1.36M -13,108 -20%
SI
387
Stephens Inc
Arkansas
$5.36M +$507K +4,877 +11%
G
388
GenTrust
Florida
$5.29M -$1.33M -12,815 -20%
WFP
389
Wrenne Financial Planning
Kentucky
$5.29M -$1.79M -17,226 -25%
BFO
390
Biltmore Family Office
North Carolina
$5.27M -$360K -3,458 -6%
FWM
391
Forza Wealth Management
Florida
$5.19M +$4.09M +39,300 +378%
PPW
392
Presilium Private Wealth
Pennsylvania
$5.17M +$152K +1,465 +3%
GWA
393
Gutierrez Wealth Advisory
Arkansas
$5.13M +$1.91M +18,419 +60%
PWP
394
Precedent Wealth Partners
Texas
$5.13M -$558K -5,369 -10%
TVM
395
True Vision MN
Minnesota
$5.12M +$380K +3,652 +8%
FLA
396
Financial Life Advisors
Texas
$5.1M +$99.6K +958 +2%
FPAS
397
Focus Partners Advisor Solutions
Missouri
$5.09M -$2.82M -27,137 -36%
EWM
398
Empirical Wealth Management
Washington
$5.05M -$547K -5,257 -10%
FAIM
399
Financial Advocates Investment Management
Washington
$5.02M -$169K -1,623 -3%
WMR
400
Wealth Management Resources
Rhode Island
$5.02M -$946K -9,099 -16%

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.