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iShares National Muni Bond ETF

1,536 hedge funds and large institutions have $34.5B invested in iShares National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 156 funds opening new positions, 561 increasing their positions, 646 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more call options, than puts

Call options by funds: $593M | Put options by funds: $226M

56% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 100

3% more funds holding

Funds holding: 1,4981,536 (+38)

0.1% more ownership

Funds ownership: 89.08%89.18% (+0.1%)

3% less capital invested

Capital invested by funds: $35.3B → $34.5B (-$893M)

9% less funds holding in top 10

Funds holding in top 10: 117106 (-11)

13% less repeat investments, than reductions

Existing positions increased: 561 | Existing positions reduced: 646

Holders
1,536
Holders Change
+38
Holders Change %
+2.54%
% of All Funds
20.22%
Holding in Top 10
106
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-9.4%
% of All Funds
1.4%
New
156
Increased
561
Reduced
646
Closed
100
Calls
$593M
Puts
$226M
Net Calls
+$368M
Net Calls Change
+$736M
Name Holding Trade Value Shares
Change
Change in
Stake
MWP
651
Madison Wealth Partners
Wisconsin
$1.82M -$474K -4,560 -21%
GC
652
Guidance Capital
Kentucky
$1.81M +$450K +4,330 +33%
BFM
653
Broadview Financial Management
Wisconsin
$1.81M +$1.8M +17,318 New
FWP
654
FAS Wealth Partners
Kansas
$1.81M -$95K -914 -5%
SFP
655
Sterling Financial Planning
New Jersey
$1.81M +$3.64K +35 +0.2%
BP
656
Ballentine Partners
Massachusetts
$1.8M +$565K +5,431 +46%
LWA
657
Lineweaver Wealth Advisors
Ohio
$1.79M +$177K +1,700 +11%
SW
658
SMART Wealth
Nebraska
$1.79M +$109K +1,044 +6%
RW
659
Regimen Wealth
Georgia
$1.79M -$19.7M -189,888 -92%
CIP
660
Cornerstone Investment Partners
Georgia
$1.79M -$180K -1,734 -9%
CA
661
Cannon Advisors
North Carolina
$1.78M +$23.4K +225 +1%
KWS
662
Keystone Wealth Services
California
$1.78M -$117K -1,126 -6%
FAM
663
Forte Asset Management
New York
$1.77M -$312K -2,998 -15%
HW
664
Hamilton Wealth
California
$1.77M -$266K -2,555 -13%
MWM
665
Modern Wealth Management
Kansas
$1.76M +$482K +4,632 +38%
RPCA
666
Running Point Capital Advisors
California
$1.75M +$121K +1,161 +7%
GLLW
667
Graves Light Lenhart Wealth
Virginia
$1.74M +$720K +6,926 +71%
CCA
668
Checchi Capital Advisers
California
$1.73M -$828K -7,962 -32%
MCCA
669
Mill Creek Capital Advisors
Pennsylvania
$1.72M +$2.08K +20 +0.1%
RA
670
Riversedge Advisors
Delaware
$1.72M -$159K -1,527 -8%
CIA
671
Capital Investment Advisors
Georgia
$1.72M -$416 -4 -0%
CCG
672
Cypress Capital Group
Florida
$1.72M +$153K +1,470 +10%
HI
673
Harbour Investments
Wisconsin
$1.71M -$72.3K -695 -4%
CA
674
Clune & Associates
Illinois
$1.7M -$1.22M -11,779 -42%
BCG
675
Breakwater Capital Group
New Jersey
$1.68M -$324K -3,120 -16%

MUB Hedge Fund Activity: Q2 2025 in Review

1,536 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2025, worth a combined $34.5B — down 2.5% from $35.3B a quarter earlier.

Buyers outnumbered sellers: 156 funds opened new MUB positions and 100 closed out — a net gain of 56 holders — while 561 added to existing stakes and 646 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $552M. The largest seller was Charles Schwab, cutting an estimated $951M.

  • 1,536 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2025, up from 1,498 in Q1 2025.
  • Funds reported $34.5B of iShares National Muni Bond ETF stock for Q2 2025, down 2.5% quarter-over-quarter.
  • 156 funds opened new iShares National Muni Bond ETF positions in Q2 2025 and 100 closed out, a net change of +56 holders.
  • The largest iShares National Muni Bond ETF buyer in Q2 2025 was Fidelity Investments, an estimated $552M added.
  • The largest iShares National Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $951M sold.

Based on aggregated 13F filings for Q2 2025.