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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
IFG
651
Independent Financial Group
California
$1.76M +$53K +498 +3%
LIA
652
LifePlan Investment Advisors
North Carolina
$1.75M +$141K +1,329 +9%
MCCA
653
Mill Creek Capital Advisors
Pennsylvania
$1.74M +$1.38K +13 +0.1%
CIA
654
Capital Investment Advisors
Georgia
$1.73M -$16.7K -157 -0.9%
FFA
655
First Foundation Advisors
California
$1.73M -$189K -1,773 -10%
FF
656
Francis Financial
$1.72M -$3.83K -36 -0.2%
DADC
657
D.A. Davidson & Co
Montana
$1.72M +$466K +4,384 +37%
RWM
658
Reston Wealth Management
Virginia
$1.7M -$7.26M -68,265 -81%
DWT
659
Dorsey & Whitney Trust
South Dakota
$1.7M -$15.8K -149 -0.9%
SCM
660
SOL Capital Management
Maryland
$1.7M -$453K -4,257 -21%
SW
661
SMART Wealth
Nebraska
$1.69M +$157K +1,480 +10%
ST
662
Spinnaker Trust
Maine
$1.69M
UCB
663
United Community Bank
South Carolina
$1.67M
SFMG
664
Sage Financial Management Group
Virginia
$1.66M -$60.6K -570 -3%
JSW
665
Journey Strategic Wealth
New Jersey
$1.66M +$431K +4,052 +35%
CPP
666
Capasso Planning Partners
South Carolina
$1.65M +$39K +367 +2%
RPCA
667
Running Point Capital Advisors
California
$1.65M +$37K +348 +2%
SWM
668
Scissortail Wealth Management
Oklahoma
$1.64M -$211K -1,981 -11%
FWP
669
Forefront Wealth Partners
Texas
$1.64M -$336K -3,161 -17%
WPWM
670
Windward Private Wealth Management
Kansas
$1.64M
EAM
671
Evanson Asset Management
California
$1.63M +$1.65M +15,500 New
LWA
672
Lineweaver Wealth Advisors
Ohio
$1.63M +$133K +1,253 +9%
PPC
673
Park Place Capital
Alabama
$1.63M +$7.98K +75 +0.5%
AWM
674
Abound Wealth Management
Tennessee
$1.62M -$212K -1,990 -11%
AIS
675
Accredited Investor Services
Minnesota
$1.61M +$1.63M +15,292 New

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.