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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
PCG
501
Prosperity Consulting Group
Maryland
$3.11M -$1.34M -12,566 -30%
SWG
502
Summit Wealth Group
Vermont
$3.11M +$900K +8,461 +40%
QCM
503
Quantinno Capital Management
New York
$3.1M +$170K +1,601 +6%
CAG
504
Csenge Advisory Group
Florida
$3.07M -$930K -8,742 -23%
SAM
505
Strive Asset Management
Ohio
$3.07M +$816K +7,676 +36%
MMA
506
Miracle Mile Advisors
California
$3.05M -$645K -6,064 -17%
CT
507
Caldwell Trust
Florida
$3.02M -$217K -2,041 -7%
PAMG
508
Patton Albertson Miller Group
Tennessee
$3.01M -$6.91K -65 -0.2%
KeyBank National Association
509
KeyBank National Association
Ohio
$3.01M -$106K -996 -3%
CA
510
Clune & Associates
Illinois
$2.96M +$31.4K +295 +1%
PP
511
Prosperity Planning
Missouri
$2.95M
GCM
512
Graver Capital Management
Ohio
$2.94M +$250K +2,347 +9%
HWM
513
Hohimer Wealth Management
Washington
$2.94M -$1.32M -12,456 -31%
GG
514
GenWealth Group
New Jersey
$2.93M +$2.95M +27,779 New
BAM
515
Belpointe Asset Management
Nevada
$2.93M +$2.44M +22,931 +476%
FIBT
516
First International Bank & Trust
North Dakota
$2.89M +$225K +2,119 +8%
AWMNH
517
Arcadia Wealth Management (New Hampshire)
New Hampshire
$2.88M +$11.7K +110 +0.4%
KL
518
KWMG LLC
Kansas
$2.86M +$50.6K +476 +2%
SF
519
Symphony Financial
Texas
$2.83M -$904K -8,497 -24%
GAG
520
Goodman Advisory Group
Massachusetts
$2.82M +$2.85M +26,791 New
SWM
521
SigFig Wealth Management
California
$2.82M +$226K +2,125 +9%
SWIM
522
Smallwood Wealth Investment Management
New Jersey
$2.81M +$106 +1 +0%
WFPG
523
Waller Financial Planning Group
Ohio
$2.81M +$36.6K +344 +1%
IWM
524
IHT Wealth Management
Illinois
$2.8M -$81.9K -770 -3%
SIAP
525
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$2.79M

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.