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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
MPM
701
Meritage Portfolio Management
Kansas
$1.51M -$82.2K -773 -5%
IA
702
IFP Advisors
Florida
$1.51M -$76.6K -720 -5%
CA
703
Claro Advisors
Massachusetts
$1.5M +$78.5K +738 +5%
ACM
704
Andina Capital Management
Utah
$1.49M +$1.51M +14,177 New
CFO
705
CVA Family Office
Colorado
$1.49M +$945K +8,886 +170%
FPGK
706
Financial Partners Group (Kansas)
Kansas
$1.48M +$134K +1,261 +10%
SCG
707
Sonata Capital Group
Washington
$1.48M +$4.36K +41 +0.3%
HWA
708
Heartwood Wealth Advisors
Virginia
$1.47M -$10.3M -97,077 -87%
TIM
709
Tortoise Investment Management
New York
$1.46M -$180K -1,688 -11%
PS
710
Pinney & Scofield
Massachusetts
$1.46M
RWA
711
Rooted Wealth Advisors
Illinois
$1.44M -$3.19K -30 -0.2%
DC
712
Dorval Corp
Minnesota
$1.44M +$88.9K +836 +7%
GA
713
GFS Advisors
Texas
$1.43M +$1.44M +13,555 New
MA
714
MCF Advisors
Kentucky
$1.43M -$1.23M -11,553 -46%
PMG
715
ProVise Management Group
Florida
$1.41M -$82.2K -773 -5%
AQR Capital Management
716
AQR Capital Management
Connecticut
$1.4M +$247K +2,322 +21%
LPAM
717
Lodestar Private Asset Management
California
$1.39M -$9.15K -86 -0.6%
HS
718
Horan Securities
United States
$1.39M +$13.3K +125 +1%
GA
719
Greenspring Advisors
Maryland
$1.38M -$279K -2,626 -17%
EWA
720
EverSource Wealth Advisors
Alabama
$1.38M -$717K -6,739 -34%
PFA
721
Petra Financial Advisors
Colorado
$1.37M -$26.6K -250 -2%
GC
722
Guidance Capital
Kentucky
$1.37M +$128K +1,207 +10%
MFGP
723
Marshall Financial Group (Pennsylvania)
Pennsylvania
$1.36M +$70.4K +662 +5%
SWC
724
Spectrum Wealth Counsel
Indiana
$1.36M -$42.5K -400 -3%
CIM
725
Cambria Investment Management
California
$1.35M

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.