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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
BCA
926
Ballentine Capital Advisors
South Carolina
$751K
WT
927
Whittier Trust
California
$747K -$333K -3,134 -31%
TAM
928
TCP Asset Management
Ohio
$742K -$25.5K -240 -3%
SFWA
929
Summit Financial Wealth Advisors
Louisiana
$736K
GAM
930
GEM Asset Management
Michigan
$735K -$39.2K -369 -5%
FSA
931
Financial Sense Advisors
California
$733K -$22K -207 -3%
BCM
932
Brasada Capital Management
Texas
$729K +$113K +1,064 +18%
MYIA
933
Mount Yale Investment Advisors
Colorado
$726K -$808K -7,596 -52%
FAM
934
Flaharty Asset Management
Florida
$725K +$22.5K +212 +3%
RIM
935
Rockbridge Investment Management
New York
$725K -$632K -5,942 -46%
SIC
936
Sterling Investment Counsel
New York
$723K +$729K +6,857 New
SWM
937
SeaCrest Wealth Management
New York
$723K
GWM
938
Gibbs Wealth Management
Georgia
$722K -$7.44K -70 -1%
RTC
939
Real Talk Capital
Tennessee
$720K -$9.78K -92 -1%
SAW
940
Signal Advisors Wealth
Michigan
$719K +$287K +2,699 +65%
NAM
941
NTV Asset Management
West Virginia
$719K
WFA
942
West Financial Advisors
Iowa
$716K +$8.19K +77 +1%
AF
943
Affiance Financial
Minnesota
$714K -$914K -8,591 -56%
KCAM
944
Kagan Cocozza Asset Management
New Jersey
$712K +$139K +1,305 +24%
GS
945
GWN Securities
Florida
$710K +$724K +6,811 New
IBOK
946
Independence Bank of Kentucky
Kentucky
$710K -$52.5K -494 -7%
TVAMP
947
Tennessee Valley Asset Management Partners
Tennessee
$710K -$81K -762 -10%
AFG
948
Altiora Financial Group
Ohio
$704K
PWPS
949
Pinnacle Wealth Planning Services
Ohio
$701K
WSFS
950
Wilmington Savings Fund Society
Delaware
$698K +$306K +2,882 +77%

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.