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iShares National Muni Bond ETF

1,625 hedge funds and large institutions have $36.1B invested in iShares National Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 219 funds opening new positions, 771 increasing their positions, 449 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 219 | Existing positions closed: 91

72% more repeat investments, than reductions

Existing positions increased: 771 | Existing positions reduced: 449

6% more funds holding

Funds holding: 1,5341,625 (+91)

5% more capital invested

Capital invested by funds: $34.3B → $36.1B (+$1.86B)

5% more funds holding in top 10

Funds holding in top 10: 95100 (+5)

1.17% more ownership

Funds ownership: 85.71%86.88% (+1.2%)

6% less call options, than puts

Call options by funds: $266M | Put options by funds: $284M

Holders
1,625
Holders Change
+91
Holders Change %
+5.93%
% of All Funds
19.77%
Holding in Top 10
100
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+5.26%
% of All Funds
1.22%
New
219
Increased
771
Reduced
449
Closed
91
Calls
$266M
Puts
$284M
Net Calls
-$17.5M
Net Calls Change
-$197M
Name Holding Trade Value Shares
Change
Change in
Stake
SMG
501
Smart Money Group
Texas
$3.3M +$425K +3,965 +15%
IRP
502
Investment Research Partners
Pennsylvania
$3.27M +$311K +2,902 +11%
WF
503
Wayfinding Financial
Washington
$3.27M +$184K +1,714 +6%
CAG
504
Csenge Advisory Group
Florida
$3.26M +$978K +9,137 +43%
Lazard Asset Management
505
Lazard Asset Management
New York
$3.26M +$19.3K +180 +0.6%
CWM
506
Collaborative Wealth Management
Florida
$3.25M +$2.39M +22,356 +281%
BIG
507
Brooklyn Investment Group
New York
$3.21M +$3.21M +30,004 New
CG
508
Clifford Group
Massachusetts
$3.21M -$1.71K -16 -0.1%
CIM
509
Confluence Investment Management
Missouri
$3.21M +$757K +7,072 +31%
KCA
510
Kastel Capital Advisors
Massachusetts
$3.21M +$3.2M +29,927 New
FFM
511
Flagstone Financial Management
Nebraska
$3.2M +$11.2K +105 +0.4%
JGCM
512
Joseph Group Capital Management
Ohio
$3.18M -$158K -1,476 -5%
CIC
513
Carnegie Investment Counsel
Ohio
$3.17M +$3.17M +29,598 New
SCA
514
Snowden Capital Advisors
New York
$3.17M +$536K +5,010 +20%
DWT
515
Dorsey & Whitney Trust
South Dakota
$3.16M +$74K +691 +2%
MWM
516
McNaughton Wealth Management
California
$3.14M -$32.7K -305 -1%
FFP
517
FourThought Financial Partners
Florida
$3.11M +$18.7K +175 +0.6%
APC
518
Aspire Private Capital
North Carolina
$3.11M +$292K +2,724 +10%
GA
519
GFS Advisors
Texas
$3.11M -$1.28M -12,000 -29%
AFA
520
Avant Financial Advisors
Texas
$3.11M +$242K +2,264 +8%
AWA
521
Arkadios Wealth Advisors
Georgia
$3.11M +$208K +1,939 +7%
CFS
522
Cannon Financial Strategists
Georgia
$3.09M +$110K +1,024 +4%
SHJ
523
Sharkey, Howes & Javer
Colorado
$3.06M +$617K +5,759 +25%
FCA
524
Fortis Capital Advisors
Kansas
$3.06M +$476K +4,443 +18%
SFO
525
Stokes Family Office
Louisiana
$3.06M +$170K +1,590 +6%