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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
TVM
401
True Vision MN
Minnesota
$4.79M -$355K -3,342 -7%
LPT
402
Legacy Private Trust
Wisconsin
$4.77M -$1.37M -12,885 -22%
PIFP
403
Partners in Financial Planning
Virginia
$4.77M +$1.03M +9,684 +27%
SHIM
404
Stone House Investment Management
Pennsylvania
$4.76M -$2.18M -20,491 -31%
CA
405
CV Advisors
Florida
$4.72M
HWM
406
Hassell Wealth Management
Louisiana
$4.71M +$1.17K +11 +0%
FCI
407
Financial Counselors Inc
Kansas
$4.71M +$300K +2,821 +7%
RCAG
408
Rehmann Capital Advisory Group
Michigan
$4.7M -$7.22M -67,895 -60%
CWM
409
Congress Wealth Management
Massachusetts
$4.69M +$1.7M +15,964 +56%
BNP Paribas Financial Markets
410
BNP Paribas Financial Markets
France
$4.67M +$1.94M +18,224 +70%
FAT
411
First American Trust
California
$4.61M +$753K +7,079 +19%
FBFS
412
First Business Financial Services
Wisconsin
$4.59M +$358K +3,370 +8%
AIA
413
Armor Investment Advisors
North Carolina
$4.58M +$679K +6,389 +17%
CTB
414
Country Trust Bank
Illinois
$4.56M -$23.1K -217 -0.5%
KPWS
415
Kestra Private Wealth Services
Texas
$4.55M -$475K -4,470 -9%
ML
416
McAdam LLC
Pennsylvania
$4.55M -$2.42M -22,710 -35%
CFD
417
Creative Financial Designs
Indiana
$4.5M -$298K -2,801 -6%
WWM
418
Waterway Wealth Management
Texas
$4.49M +$4.53M +42,600 New
CG
419
Clifford Group
Massachusetts
$4.49M +$1.65M +15,509 +57%
JIC
420
Joel Isaacson & Co
New York
$4.48M +$415K +3,901 +10%
BWM
421
BCGM Wealth Management
Indiana
$4.47M -$641K -6,029 -12%
CW
422
CreativeOne Wealth
Kansas
$4.47M +$231K +2,174 +5%
AWE
423
Avidian Wealth Enterprises
Texas
$4.46M -$88.8K -835 -2%
AFA
424
Avant Financial Advisors
Texas
$4.43M +$320K +3,008 +8%
HIP
425
HUB Investment Partners
Texas
$4.4M -$2.87K -27 -0.1%

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.