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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
AWP
426
Avid Wealth Partners
Texas
$4.38M +$1.75M +16,441 +66%
MCM
427
MAI Capital Management
Ohio
$4.37M -$306K -2,875 -6%
RFP
428
RCS Financial Planning
Maryland
$4.35M +$1.66M +15,631 +61%
SF
429
Synovus Financial
Georgia
$4.33M -$421K -3,963 -9%
MBT
430
Montecito Bank & Trust
California
$4.28M +$621K +5,840 +17%
GGS
431
Galvin Gaustad & Stein
Arizona
$4.25M -$952K -8,952 -18%
GBT
432
Grove Bank & Trust
Florida
$4.23M +$392K +3,690 +10%
CFP
433
Cascade Financial Partners
California
$4.18M +$127K +1,191 +3%
MWM
434
Mission Wealth Management
California
$4.14M +$133K +1,255 +3%
BFG
435
Bleakley Financial Group
New Jersey
$4.12M +$370K +3,476 +10%
CPIG
436
Chicago Partners Investment Group
Illinois
$4.09M -$89K -837 -2%
PFA
437
Pure Financial Advisors
California
$4.09M +$684K +6,430 +20%
LPP
438
Life Planning Partners
Florida
$4.08M +$443K +4,164 +12%
LA
439
Lifeworks Advisors
Michigan
$4.07M +$438K +4,121 +12%
BFS
440
Bare Financial Services
Pennsylvania
$4.07M +$70.2K +660 +2%
MWA
441
Motive Wealth Advisors
Michigan
$4.07M -$906K -8,521 -18%
AIP
442
Ameritas Investment Partners
Nebraska
$4.05M -$31.4K -295 -0.8%
CAWM
443
Capital Advisors Wealth Management
Washington
$4.03M +$290K +2,727 +8%
TIA
444
Traphagen Investment Advisors
New Jersey
$4.02M +$224K +2,106 +6%
CFMC
445
Curbstone Financial Management Corp
New Hampshire
$3.99M -$5.32K -50 -0.1%
Wolverine Trading
446
Wolverine Trading
Illinois
$3.98M +$4.03M +37,849 New
HW
447
Hancock Whitney
Mississippi
$3.98M -$2.98M -28,059 -43%
PWS
448
Physician Wealth Solutions
Nevada
$3.94M +$761K +7,156 +24%
WA
449
Waterford Advisors
New York
$3.93M +$3.96M +37,233 New
DLCIG
450
D.L. Carlson Investment Group
New Hampshire
$3.93M +$109K +1,028 +3%

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.