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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
CFD
451
Creative Financial Designs
Indiana
$3.96M -$499K -4,804 -11%
CFMC
452
Curbstone Financial Management Corp
New Hampshire
$3.95M
CIA
453
Concurrent Investment Advisors
Florida
$3.95M +$557K +5,358 +17%
MWM
454
Mission Wealth Management
California
$3.95M -$151K -1,457 -4%
CPIG
455
Chicago Partners Investment Group
Illinois
$3.93M -$123K -1,186 -3%
RA
456
RFG Advisory
Alabama
$3.91M -$1.12M -10,806 -22%
AFG
457
Atomi Financial Group
New York
$3.89M +$1.13M +10,874 +41%
DW
458
Durante & Waters
New York
$3.86M +$177K +1,699 +5%
BAM
459
Belpointe Asset Management
Nevada
$3.84M +$939K +9,033 +33%
HW
460
Hancock Whitney
Mississippi
$3.84M -$103K -995 -3%
MWA
461
Motive Wealth Advisors
Michigan
$3.83M -$207K -1,993 -5%
IWS
462
Insight Wealth Strategies
California
$3.81M -$12.7K -122 -0.3%
ML
463
McAdam LLC
Pennsylvania
$3.77M -$729K -7,014 -16%
BTI
464
Blue Trust Inc
Georgia
$3.75M +$524K +5,040 +16%
GGS
465
Galvin Gaustad & Stein
Arizona
$3.75M -$466K -4,479 -11%
AIM
466
Advyzon Investment Management
Illinois
$3.66M +$2.16M +20,743 +145%
CMAI
467
Capital Management Associates Inc
Minnesota
$3.65M -$3.63M -34,897 -50%
LFP
468
Leeward Financial Partners
Washington
$3.62M +$324K +3,112 +10%
WA
469
Waterford Advisors
New York
$3.6M -$3.76M -36,189 -97%
FFP
470
FourThought Financial Partners
Florida
$3.59M +$208 +2 +0%
AWM
471
Apollon Wealth Management
South Carolina
$3.59M -$16.3M -156,629 -82%
MFG
472
Mainsail Financial Group
Washington
$3.59M +$109K +1,048 +3%
CFP
473
Cascade Financial Partners
California
$3.58M -$558K -5,366 -14%
WTC
474
WhitTier Trust Company
Nevada
$3.58M +$38.2K +367 +1%
EP
475
Edgestream Partners
New Jersey
$3.57M -$263K -2,529 -7%

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.