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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
CA
701
CV Advisors
Florida
$1.55M -$3.11M -29,874 -67%
TWP
702
Triad Wealth Partners
Kansas
$1.55M +$586K +5,632 +61%
PFPT
703
Pinnacle Financial Partners (Tennessee)
Tennessee
$1.55M -$175K -1,687 -10%
AA
704
Advisory Alpha
Michigan
$1.55M -$832 -8 -0.1%
CWM
705
Cranbrook Wealth Management
Michigan
$1.55M +$1.54M +14,819 New
JWCA
706
J.W. Cole Advisors
Florida
$1.54M +$298K +2,867 +24%
SCG
707
Sonata Capital Group
Washington
$1.5M +$35.9K +345 +2%
OWA
708
Oak Wealth Advisors
Illinois
$1.5M -$322K -3,095 -18%
MFG
709
Midwest Financial Group
Kansas
$1.49M +$648K +6,234 +77%
CA
710
Claro Advisors
Massachusetts
$1.49M +$6.76K +65 +0.5%
WA
711
Wealthstar Advisors
Texas
$1.49M -$83.2K -800 -5%
SWM
712
Scissortail Wealth Management
Oklahoma
$1.48M -$141K -1,358 -9%
CGFA
713
Colton Groome Financial Advisors
North Carolina
$1.48M +$837K +8,050 +131%
FNBOMD
714
First National Bank of Mount Dora
Florida
$1.48M -$115K -1,103 -7%
CNBOF
715
City National Bank of Florida
Florida
$1.47M +$325K +3,122 +28%
FF
716
Foronjy Financial
California
$1.46M +$1.45M +13,959 New
UCB
717
United Community Bank
South Carolina
$1.45M -$201K -1,929 -12%
PS
718
Pinney & Scofield
Massachusetts
$1.44M
MPM
719
Meritage Portfolio Management
Kansas
$1.44M -$54K -519 -4%
GWM
720
Gibbs Wealth Management
Georgia
$1.44M +$722K +6,947 +101%
RIG
721
RiverFront Investment Group
Virginia
$1.44M +$1.19M +11,427 +486%
UAG
722
United Advisor Group
Ohio
$1.43M +$1.01M +9,670 +239%
TC
723
Tenret Company
Florida
$1.43M +$1.08M +10,404 +318%
AQR Capital Management
724
AQR Capital Management
Connecticut
$1.43M +$39.3K +378 +3%
FGWP
725
Founders Grove Wealth Partners
Virginia
$1.42M -$709K -6,819 -33%

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.