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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
CCM
601
Cambridge Capital Management
Illinois
$2.09M -$47.2K -444 -2%
SHJ
602
Sharkey, Howes & Javer
Colorado
$2.09M -$319K -3,001 -13%
SCM
603
Seascape Capital Management
New Hampshire
$2.08M +$393K +3,700 +23%
HBS
604
Howard Bailey Securities
Indiana
$2.06M +$353K +3,323 +20%
EFG
605
Ethos Financial Group
Pennsylvania
$2.06M -$11.3K -106 -0.5%
HW
606
Hamilton Wealth
California
$2.05M +$113K +1,062 +6%
SYBT
607
Stock Yards Bank & Trust
Kentucky
$2.05M -$114K -1,074 -5%
PCA
608
Prosperity Capital Advisors
Ohio
$2.04M +$318K +2,986 +18%
CFA
609
Capstone Financial Advisors
Illinois
$2.04M -$6.06K -57 -0.3%
BBHC
610
Brown Brothers Harriman & Co
New York
$2.03M -$120K -1,124 -6%
TF
611
Theory Financial
Colorado
$2.03M -$1.22M -11,518 -37%
BCG
612
Breakwater Capital Group
New Jersey
$2.03M -$58.7K -552 -3%
JWS
613
Juncture Wealth Strategies
Arizona
$2.03M -$101K -953 -5%
FSG
614
Financial Strategies Group
Michigan
$2.01M +$89.8K +844 +5%
GWP
615
Gen-Wealth Partners
Michigan
$2.01M +$510K +4,791 +34%
TCM
616
TruNorth Capital Management
Michigan
$2M +$238K +2,239 +13%
FCA
617
Fortis Capital Advisors
Kansas
$2M +$1.8M +16,882 +814%
FA
618
FC Advisory
Pennsylvania
$1.99M +$63.3K +595 +3%
CIP
619
Cornerstone Investment Partners
Georgia
$1.98M +$877K +8,249 +78%
BFA
620
Beaumont Financial Advisors
Massachusetts
$1.98M -$396K -3,719 -17%
FTS
621
Fifth Third Securities
Ohio
$1.96M -$236K -2,217 -11%
PFA
622
Professional Financial Advisors
Nebraska
$1.95M +$146K +1,373 +8%
AWA
623
Arkadios Wealth Advisors
Georgia
$1.94M +$332K +3,122 +20%
CIM
624
Confluence Investment Management
Missouri
$1.94M +$842K +7,914 +75%
RIM
625
Redwood Investment Management
Arizona
$1.93M -$63.2K -594 -3%

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.