We are live on ! Find out more
MUB icon

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
BIG
826
Brookwood Investment Group
Arizona
$983K +$992K +9,325 New
MIA
827
MainStreet Investment Advisors
Illinois
$983K +$7.98K +75 +0.8%
SIA
828
Strategic Investment Advisors
Michigan
$979K +$209K +1,963 +27%
TPA
829
Trivium Point Advisory
Connecticut
$978K -$651K -6,126 -40%
KW
830
Keyvantage Wealth
Pennsylvania
$978K -$676K -6,359 -41%
CTWM
831
Cherry Tree Wealth Management
Minnesota
$976K -$69.7K -655 -7%
RBC
832
Romano Brothers & Co
Illinois
$975K -$53.2K -500 -5%
DFG
833
Delta Financial Group
New Jersey
$973K -$102K -962 -9%
TWP
834
Triad Wealth Partners
Kansas
$971K -$1.19M -11,183 -55%
HCM
835
HMS Capital Management
Tennessee
$971K +$294K +2,763 +42%
SWP
836
SIMA Wealth Partners
Virginia
$968K -$425 -4 -0%
PJSIMP
837
P.J. Schmidt Investment Management (PJS)
Wisconsin
$962K -$48.4K -455 -5%
HCM
838
Howard Capital Management
Georgia
$959K
GM
839
GeoWealth Management
Illinois
$956K +$98.4K +925 +11%
SSWM
840
Sheets Smith Wealth Management
North Carolina
$953K -$106K -1,000 -10%
AO
841
Advisor OS
Illinois
$951K -$103K -969 -10%
WAM
842
Wakefield Asset Management
Colorado
$951K +$10.6K +100 +1%
MWM
843
MorganRosel Wealth Management
Colorado
$950K -$368K -3,464 -28%
NP
844
Nilsine Partners
Colorado
$950K
RC
845
Roundview Capital
New Jersey
$950K -$235K -2,205 -20%
TWP
846
Tyche Wealth Partners
Texas
$944K +$577K +5,426 +154%
FCC
847
Florin Court Capital
United Kingdom
$938K -$1.54M -14,500 -62%
EFG
848
Elios Financial Group
Ohio
$936K -$44.2K -416 -4%
4WM
849
4J Wealth Management
Virginia
$935K -$4.79K -45 -0.5%
CFO
850
Collective Family Office
Pennsylvania
$934K -$372K -3,501 -28%

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.