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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
JWCA
751
J.W. Cole Advisors
Florida
$1.25M +$527K +4,960 +72%
BP
752
Ballentine Partners
Massachusetts
$1.25M +$349K +3,283 +38%
HWMG
753
Hurlow Wealth Management Group
Indiana
$1.24M -$30.5K -287 -2%
HP
754
Haven Private
Florida
$1.24M
LWM
755
LongView Wealth Management
Georgia
$1.24M +$147K +1,385 +13%
FCIM
756
Fairview Capital Investment Management
California
$1.24M +$152K +1,425 +14%
TA
757
TFB Advisors
Kansas
$1.23M +$27.3K +257 +2%
SSW
758
Stone Summit Wealth
Florida
$1.23M -$14.9K -140 -1%
YWM
759
Yardley Wealth Management
Pennsylvania
$1.23M +$1.59K +15 +0.1%
BSTWA
760
Blake Schutter Theil Wealth Advisors
Ohio
$1.23M +$238K +2,237 +24%
KFP
761
KMG Fiduciary Partners
Ohio
$1.23M +$23.1K +217 +2%
BOSSRA
762
B.O.S.S. Retirement Advisors
Utah
$1.22M +$425K +3,996 +53%
AWMM
763
Aegis Wealth Management (Maryland)
Maryland
$1.22M
WHCI
764
W.H. Cornerstone Investments
Massachusetts
$1.21M +$332K +3,123 +37%
JFA
765
JNBA Financial Advisors
Minnesota
$1.21M
SGCA
766
Steel Grove Capital Advisors
Tennessee
$1.21M -$1.17M -11,035 -49%
CW
767
Cooksen Wealth
Texas
$1.2M -$145K -1,361 -11%
PA
768
Pinnacle Associates
New York
$1.2M -$377K -3,547 -24%
GWCM
769
Godshalk Welsh Capital Management
Pennsylvania
$1.19M +$37.2K +350 +3%
KFSC
770
Keystone Financial Services (Colorado)
Colorado
$1.19M +$1.2M +11,274 New
SC
771
Sepio Capital
Utah
$1.19M -$11.2K -105 -0.9%
FNWM
772
Financial Network Wealth Management
Utah
$1.18M -$19.8K -186 -2%
TFGT
773
TS Financial Group (TSFG)
Illinois
$1.17M -$230K -2,167 -16%
SIA
774
SeaBridge Investment Advisors
New Jersey
$1.17M -$393K -3,700 -25%
PA
775
PFG Advisors
Arizona
$1.17M -$205K -1,931 -15%

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.