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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
JBA
451
Johnson Bixby & Associates
Washington
$3.88M +$416K +3,913 +12%
IWS
452
Insight Wealth Strategies
California
$3.87M +$176K +1,657 +5%
EP
453
Edgestream Partners
New Jersey
$3.87M -$908K -8,542 -19%
BGWM
454
Bridge Generations Wealth Management
Florida
$3.84M +$103K +966 +3%
SA
455
Sovran Advisors
California
$3.83M -$51.2K -481 -1%
UWPG
456
Ullmann Wealth Partners Group
Florida
$3.79M +$539K +5,068 +16%
SA
457
Sincerus Advisory
New York
$3.74M +$921K +8,659 +32%
SIA
458
Schechter Investment Advisors
Michigan
$3.73M +$77.3K +727 +2%
BCM
459
Becker Capital Management
Oregon
$3.71M +$247K +2,321 +7%
DW
460
Durante & Waters
New York
$3.71M +$273K +2,571 +8%
IAA
461
Independent Advisor Alliance
North Carolina
$3.68M -$9.83M -92,443 -73%
LFAS
462
Level Four Advisory Services
Texas
$3.67M +$1.21M +11,346 +48%
PTC
463
Private Trust Company
Ohio
$3.67M -$546K -5,138 -13%
TFA
464
Tobias Financial Advisors
Florida
$3.65M +$499K +4,693 +16%
FFP
465
FourThought Financial Partners
Florida
$3.62M +$351K +3,296 +11%
CIAS
466
CFS Investment Advisory Services
New Jersey
$3.62M -$1.95M -18,377 -35%
William Blair & Company
467
William Blair & Company
Illinois
$3.61M +$255K +2,395 +8%
MHR
468
Matthew Hamilton Rosenberg
$3.6M +$156K +1,469 +4%
BAAM
469
Baker Avenue Asset Management
California
$3.58M +$396K +3,725 +12%
WTC
470
WhitTier Trust Company
Nevada
$3.57M +$85.1K +800 +2%
MFG
471
Mainsail Financial Group
Washington
$3.54M +$255K +2,401 +8%
WIC
472
Whitegate Investment Counselors
New Hampshire
$3.51M -$75.5K -710 -2%
AWA
473
Aletheian Wealth Advisors
Washington
$3.51M +$432K +4,064 +14%
ERIC
474
Eagle Rock Investment Company
Georgia
$3.51M +$103K +969 +3%
IMA
475
Investment Management Associates
Colorado
$3.5M

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.