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iShares National Muni Bond ETF

1,536 hedge funds and large institutions have $34.5B invested in iShares National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 156 funds opening new positions, 561 increasing their positions, 646 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more call options, than puts

Call options by funds: $593M | Put options by funds: $226M

56% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 100

3% more funds holding

Funds holding: 1,4981,536 (+38)

0.1% more ownership

Funds ownership: 89.08%89.18% (+0.1%)

3% less capital invested

Capital invested by funds: $35.3B → $34.5B (-$893M)

9% less funds holding in top 10

Funds holding in top 10: 117106 (-11)

13% less repeat investments, than reductions

Existing positions increased: 561 | Existing positions reduced: 646

Holders
1,536
Holders Change
+38
Holders Change %
+2.54%
% of All Funds
20.22%
Holding in Top 10
106
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-9.4%
% of All Funds
1.4%
New
156
Increased
561
Reduced
646
Closed
100
Calls
$593M
Puts
$226M
Net Calls
+$368M
Net Calls Change
+$736M
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
901
SeaBridge Investment Advisors
New Jersey
$823K -$338K -3,248 -29%
VAF
902
Values Added Financial
District of Columbia
$823K +$159K +1,531 +24%
BAM
903
Berkshire Asset Management
Pennsylvania
$822K
LSA
904
Lion Street Advisors
Texas
$822K +$55.9K +538 +7%
WAAG
905
Wealth Alliance Advisory Group
Kansas
$817K +$60.3K +580 +8%
CBT
906
Crews Bank & Trust
Florida
$815K
SAF
907
Smith Anglin Financial
Texas
$815K +$3.33K +32 +0.4%
CRC
908
Curi RMB Capital
Illinois
$815K +$333K +3,207 +70%
MYIA
909
Mount Yale Investment Advisors
Colorado
$814K +$94.4K +908 +13%
LWA
910
LifeGoal Wealth Advisors
New York
$812K -$65.7K -632 -8%
AAG
911
Armstrong Advisory Group
Massachusetts
$800K +$5.09K +49 +0.6%
SWM
912
Spire Wealth Management
Virginia
$797K -$115K -1,107 -13%
SVWAG
913
Sound View Wealth Advisors Group
Georgia
$796K -$2.91K -28 -0.4%
GWMIA
914
Global Wealth Management Investment Advisory
Florida
$796K -$298K -2,865 -27%
DSC
915
Duncker Streett & Co
Missouri
$794K -$125K -1,200 -14%
TCA
916
Transcend Capital Advisors
New Jersey
$789K +$385K +3,703 +96%
PWM
917
PBMares Wealth Management
Virginia
$781K +$2.6K +25 +0.3%
AI
918
Accredited Investors
Minnesota
$781K -$20.4K -196 -3%
FIM
919
Freedom Investment Management
Connecticut
$777K -$22.1K -213 -3%
ONB
920
Old National Bancorp
Indiana
$775K -$77.7K -747 -9%
LWM
921
LeConte Wealth Management
Tennessee
$774K +$466K +4,483 +153%
AWMS
922
Advocacy Wealth Management Services
Georgia
$773K
SPWG
923
Syntegra Private Wealth Group
Missouri
$770K -$15.7K -151 -2%
EIA
924
Edgemoor Investment Advisors
Maryland
$769K -$260K -2,500 -25%
JJBC
925
James J. Burns & Company
New York
$768K -$1.41M -13,537 -65%

MUB Hedge Fund Activity: Q2 2025 in Review

1,536 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2025, worth a combined $34.5B — down 2.5% from $35.3B a quarter earlier.

Buyers outnumbered sellers: 156 funds opened new MUB positions and 100 closed out — a net gain of 56 holders — while 561 added to existing stakes and 646 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $552M. The largest seller was Charles Schwab, cutting an estimated $951M.

  • 1,536 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2025, up from 1,498 in Q1 2025.
  • Funds reported $34.5B of iShares National Muni Bond ETF stock for Q2 2025, down 2.5% quarter-over-quarter.
  • 156 funds opened new iShares National Muni Bond ETF positions in Q2 2025 and 100 closed out, a net change of +56 holders.
  • The largest iShares National Muni Bond ETF buyer in Q2 2025 was Fidelity Investments, an estimated $552M added.
  • The largest iShares National Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $951M sold.

Based on aggregated 13F filings for Q2 2025.