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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
PFWA
876
Paces Ferry Wealth Advisors
Georgia
$871K -$18.4K -173 -2%
AP
877
Appleton Partners
Massachusetts
$868K -$1.09M -10,237 -55%
HH
878
Hilltop Holdings
Texas
$868K +$317K +2,983 +57%
LKBC
879
L.K. Benson & Company
Maryland
$865K
SVWG
880
Shared Vision Wealth Group
United States
$863K -$151K -1,420 -15%
ONB
881
Old National Bancorp
Indiana
$860K +$242K +2,280 +39%
CA
882
CoreCap Advisors
Michigan
$856K -$1.03M -9,712 -54%
MFG
883
Midwest Financial Group
Kansas
$849K -$8.29K -78 -1%
PFBT
884
Parkside Financial Bank & Trust
Missouri
$839K -$53.5K -503 -6%
Neuberger Berman Group
885
Neuberger Berman Group
New York
$836K -$85.9K -808 -9%
CCG
886
Chatham Capital Group
Georgia
$834K +$53.2K +500 +7%
AFS
887
AFG Fiduciary Services
Massachusetts
$834K -$87.1K -819 -9%
Members Trust
888
Members Trust
Florida
$833K -$18.2K -171 -2%
APWM
889
Argonautica Private Wealth Management
Massachusetts
$830K +$376K +3,538 +82%
TWM
890
TSA Wealth Management
Texas
$829K -$859K -8,078 -51%
HSA
891
HBK Sorce Advisory
Pennsylvania
$829K -$151K -1,423 -15%
CBT
892
Crews Bank & Trust
Florida
$822K -$53.2K -500 -6%
BAM
893
Berkshire Asset Management
Pennsylvania
$820K
SAF
894
Smith Anglin Financial
Texas
$819K -$6.81K -64 -0.8%
AAG
895
Armstrong Advisory Group
Massachusetts
$810K
AI
896
Accredited Investors
Minnesota
$808K +$20.8K +196 +3%
SVWAG
897
Sound View Wealth Advisors Group
Georgia
$807K -$957 -9 -0.1%
FIM
898
Freedom Investment Management
Connecticut
$806K -$48.5K -456 -6%
OFS
899
OneAscent Financial Services
Alabama
$800K -$788K -7,414 -49%
AC
900
ASB Consultores
Florida
$800K -$60.6K -570 -7%

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.