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iShares National Muni Bond ETF
MUB

1,205 hedge funds and large institutions have $26.7B invested in iShares National Muni Bond ETF in 2023 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 522 increasing their positions, 424 reducing their positions, and 82 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 82

23% more repeat investments, than reductions

Existing positions increased: 522 | Existing positions reduced: 424

0.95% more ownership

Funds ownership: 82.96% → 83.91% (+0.95%)

0% more funds holding

Funds holding: 1,205 → 1,205 (0)

5% less capital invested

Capital invested by funds: $28.1B → $26.7B (-$1.34B)

5% less funds holding in top 10

Funds holding in top 10: 124 → 118 (-6)

20% less call options, than puts

Call options by funds: $1.94M | Put options by funds: $2.44M

Holders
1,205
Holders Change
–
Holders Change %
0%
% of All Funds
19.2%
Holding in Top 10
118
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-4.84%
% of All Funds
1.88%
New
112
Increased
522
Reduced
424
Closed
82
Calls
$1.94M
Puts
$2.44M
Net Calls
-$497K
Net Calls Change
+$2.52M

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$418M
2
FCBT
First Citizens Bank & Trust
North Carolina
+$306M
3
SWG
Summit Wealth Group
Vermont
+$261M
4
Wealthfront Advisers
Wealthfront Advisers
California
+$240M
5
CIA
Choate Investment Advisors
Massachusetts
+$95.3M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$577M
2
Bank of America
Bank of America
North Carolina
-$330M
3
Natixis Advisors
Natixis Advisors
Massachusetts
-$108M
4
BlackRock
BlackRock
New York
-$93.3M
5
EWA
EP Wealth Advisors
California
-$72.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTWM
851
Baker Tilly Wealth Management
Wisconsin
$551K +$278K +2,600 +103%
RWA
852
Ropes Wealth Advisors
Massachusetts
$550K +$7.16K +67 +1%
MLM
853
Mount Lucas Management
Pennsylvania
$549K +$545K +5,097 New
GLA
854
Good Life Advisors
Pennsylvania
$547K +$40.6K +380 +8%
WCG
855
Wall Capital Group
Arizona
$547K +$2.24K +21 +0.4%
NCM
856
Northwest Capital Management
Oregon
$544K -$69.2K -648 -11%
TAM
857
Todd Asset Management
Kentucky
$542K -$119K -1,117 -18%
HFAS
858
Hummer Financial Advisory Services
Illinois
$539K – – –
MMG
859
Monetary Management Group
Missouri
$539K – – –
AWM
860
Aries Wealth Management
Maine
$537K – – –
CWM
861
Calamos Wealth Management
Illinois
$535K -$17.8M -166,724 -97%
ACM
862
Antonetti Capital Management
Florida
$535K – – –
FFM
863
Flagstone Financial Management
Nebraska
$535K – – –
EWA
864
Evolution Wealth Advisors
Florida
$533K +$529K +4,947 New
TAM
865
TCP Asset Management
Ohio
$528K -$52.5K -491 -9%
HCM
866
Harvey Capital Management
Florida
$528K – – –
TFA
867
Teamwork Financial Advisors
Texas
$528K +$748 +7 +0.1%
RIA
868
Realta Investment Advisors
Delaware
$526K +$52K +487 +11%
GFA
869
Gallagher Fiduciary Advisors
Illinois
$526K +$521K +4,878 New
CFD
870
Creative Financial Designs
Indiana
$525K +$61.4K +575 +13%
BA
871
Ballast Advisors
Minnesota
$518K +$188K +1,757 +58%
TAM
872
Titleist Asset Management
Texas
$518K +$514K +4,809 New
SPA
873
Sentinel Pension Advisors
Massachusetts
$518K +$1.18K +11 +0.2%
AFG
874
Altiora Financial Group
Ohio
$517K – – –
FCA
875
FinTrust Capital Advisors
South Carolina
$516K – – –
33 34
35
36 37

MUB Hedge Fund Activity: Q1 2023 in Review

1,205 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2023, worth a combined $26.7B — down 4.8% from $28.1B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new MUB positions and 82 closed out — a net gain of 30 holders — while 522 added to existing stakes and 424 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $418M. The largest seller was Fidelity Investments, cutting an estimated $577M.

  • 1,205 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $26.7B of iShares National Muni Bond ETF stock for Q1 2023, down 4.8% quarter-over-quarter.
  • 112 funds opened new iShares National Muni Bond ETF positions in Q1 2023 and 82 closed out, a net change of +30 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $418M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2023 was Fidelity Investments, an estimated $577M sold.

Based on aggregated 13F filings for Q1 2023.