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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
JGCM
476
Joseph Group Capital Management
Ohio
$3.5M -$462K -4,345 -12%
SFG
477
SevenBridge Financial Group
Pennsylvania
$3.47M -$467K -4,393 -12%
VCP
478
Verus Capital Partners
Arizona
$3.43M +$452K +4,251 +15%
MLA
479
My Legacy Advisors
Oregon
$3.43M -$666K -6,261 -16%
CIA
480
Concurrent Investment Advisors
Florida
$3.42M +$1.03M +9,700 +43%
TFG
481
Tilson Financial Group
New Jersey
$3.4M +$120K +1,129 +4%
WS
482
Wedbush Securities
California
$3.39M +$596K +5,607 +21%
STFP
483
Signal Tree Financial Partners
Ohio
$3.36M +$189K +1,781 +6%
FI
484
Financial Insights
Washington
$3.34M -$200K -1,876 -6%
LFP
485
Leeward Financial Partners
Washington
$3.33M +$95.3K +896 +3%
WIM
486
Westside Investment Management
California
$3.32M +$340K +3,193 +11%
TCM
487
Tassel Capital Management
North Carolina
$3.31M -$3.72K -35 -0.1%
MAWA
488
Moss Adams Wealth Advisors
Washington
$3.3M -$5.58M -52,441 -63%
BEI
489
Benjamin Edwards Inc
Missouri
$3.3M -$43.9K -413 -1%
FIA
490
Foundations Investment Advisors
Arizona
$3.25M +$527K +4,955 +19%
BTI
491
Blue Trust Inc
Georgia
$3.25M +$2.93M +27,512 +829%
SW
492
SteelPeak Wealth
California
$3.24M +$27.1K +255 +0.8%
GWA
493
Gutierrez Wealth Advisory
Arkansas
$3.24M +$19.1K +180 +0.6%
BHWM
494
Beaird Harris Wealth Management
Texas
$3.22M -$1.02M -9,578 -24%
TWM
495
Thrive Wealth Management
Pennsylvania
$3.21M +$44.6K +419 +1%
JAA
496
Joel Adams & Associates
North Carolina
$3.19M -$66.9K -629 -2%
OAP
497
One Advisory Partners
Kansas
$3.18M -$1.04M -9,780 -24%
AF
498
Apollon Financial
South Carolina
$3.17M -$55.4K -521 -2%
DAS
499
Dynamic Advisor Solutions
Arizona
$3.16M -$242K -2,279 -7%
MFG
500
MidWestOne Financial Group
Iowa
$3.14M -$5.96K -56 -0.2%

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.