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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
WWM
726
Western Wealth Management
Colorado
$1.34M -$107K -1,008 -7%
JBW
727
Journey Beyond Wealth
Georgia
$1.34M
RCS
728
Retirement Capital Strategies
California
$1.34M -$16.2K -152 -1%
FNBSF
729
First National Bank Sioux Falls
South Dakota
$1.32M
EGA
730
Eagle Global Advisors
Texas
$1.32M
OWP
731
ORG Wealth Partners
Texas
$1.32M -$744 -7 -0.1%
AF
732
Arrow Financial
New York
$1.31M +$68.6K +645 +5%
BDFN
733
Bond & Devick Financial Network
Minnesota
$1.3M -$53.1K -499 -4%
DAS
734
Diversify Advisory Services
Utah
$1.3M -$385K -3,619 -23%
EWM
735
Elmwood Wealth Management
California
$1.29M
OC
736
Oppenheimer & Co
New York
$1.29M +$221K +2,081 +21%
NL
737
NWAM LLC
Washington
$1.29M -$647K -6,084 -33%
MWM
738
Modern Wealth Management
Kansas
$1.28M +$486K +4,571 +60%
IPA
739
Investment Planning Advisors
Georgia
$1.28M -$1.31M -12,361 -50%
ACS
740
Archford Capital Strategies
Illinois
$1.28M -$298K -2,799 -19%
CW
741
Code Waechter
Florida
$1.28M +$298K +2,800 +30%
PP
742
PrairieView Partners
Minnesota
$1.28M -$1.15M -10,832 -47%
GSWM
743
Greenup Street Wealth Management
Michigan
$1.28M +$67.2K +632 +6%
TFA
744
Trinity Financial Advisors
Ohio
$1.27M +$1.27M +11,966 New
BIM
745
Breakwater Investment Management
Washington
$1.26M +$210K +1,979 +20%
BA
746
Bristlecone Advisors
Washington
$1.26M +$133K +1,255 +12%
NA
747
Note Advisors
New York
$1.26M -$72.5K -682 -5%
MPWT
748
MassMutual Private Wealth & Trust
Connecticut
$1.26M -$7.44K -70 -0.6%
FPW
749
Flagship Private Wealth
Massachusetts
$1.25M +$163K +1,531 +15%
AFG
750
ABLE Financial Group
Arizona
$1.25M -$393K -3,694 -24%

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.