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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
BL
51
Balentine LLC
Georgia
$90.8M -$1.94M -18,249 -2%
EI
52
Ellevest Inc
New York
$88.2M -$10.6M -99,610 -11%
CCWA
53
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$84.6M -$34.3M -322,533 -29%
Focus Partners Wealth
54
Focus Partners Wealth
Massachusetts
$84M +$7.52M +70,751 +10%
Cerity Partners
55
Cerity Partners
New York
$78.8M -$832K -7,827 -1%
Wealth Enhancement Advisory Services
56
Wealth Enhancement Advisory Services
Minnesota
$77.8M -$45.6M -428,875 -37%
AGA
57
Arkos Global Advisors
Texas
$76.2M -$552K -5,191 -0.7%
CAG
58
Crestwood Advisors Group
Massachusetts
$73.3M +$6.5M +61,106 +10%
Corient Private Wealth
59
Corient Private Wealth
Florida
$70.8M -$1.75M -16,453 -2%
OIA
60
OneDigital Investment Advisors
Kansas
$70.7M -$13.5M -126,628 -16%
BPA
61
Beacon Pointe Advisors
California
$68.6M +$11.2M +105,238 +19%
FMWA
62
Forvis Mazars Wealth Advisors
Missouri
$67.6M +$331K +3,115 +0.5%
Stifel Financial
63
Stifel Financial
Missouri
$67.3M -$2.39M -22,516 -3%
PCIA
64
Prime Capital Investment Advisors
Kansas
$67.2M +$4.24M +39,876 +7%
SW
65
SoFi Wealth
California
$65.5M +$7.62M +71,675 +13%
UCFA
66
United Capital Financial Advisors
Texas
$65.4M +$2.44M +22,904 +4%
State of Wisconsin Investment Board
67
State of Wisconsin Investment Board
Wisconsin
$64.1M
Osaic Holdings
68
Osaic Holdings
Arizona
$64.1M -$96.9M -911,450 -60%
CCM
69
Coldstream Capital Management
Washington
$61.9M +$10.8M +101,576 +21%
Franklin Resources
70
Franklin Resources
California
$61M +$47.7M +448,495 +345%
Financial Engines Advisors
71
Financial Engines Advisors
California
$60.6M -$896K -8,421 -1%
FG
72
Foster Group
Iowa
$60.4M +$4.31M +40,512 +8%
WL
73
WIT LLC
District of Columbia
$60.1M +$923K +8,677 +3%
BCI
74
Brinker Capital Investments
Pennsylvania
$59.7M -$17M -159,899 -22%
OPS
75
Orion Portfolio Solutions
Nebraska
$59.7M -$17M -159,899 -22%

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.