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
CFA
951
Camarda Financial Advisors
Florida
$698K +$298K +2,800 +73%
NFG
952
Nations Financial Group
Iowa
$692K +$43.8K +412 +7%
AAS
953
Annex Advisory Services
Wisconsin
$691K -$713K -6,703 -51%
FCP
954
Fidelis Capital Partners
Florida
$690K +$138K +1,298 +24%
STA
955
Smith Thornton Advisors
Alabama
$687K -$256K -2,405 -27%
IA
956
IFC Advisors
California
$687K +$1.81K +17 +0.3%
CRFG
957
Columbia River Financial Group
Washington
$687K +$14.9K +140 +2%
AIM
958
AMI Investment Management
Indiana
$684K +$65.1K +612 +10%
WMN
959
Wealth Management Nebraska
Nebraska
$683K -$247K -2,321 -26%
SMC
960
Smith, Moore & Co
Missouri
$682K +$2.23K +21 +0.3%
HCP
961
Hexagon Capital Partners
Arkansas
$679K +$126K +1,189 +23%
CFG
962
Cornerstone Financial Group
Nebraska
$679K +$62.4K +587 +10%
PPH
963
Pure Portfolios Holdings
Oregon
$673K +$49.7K +467 +8%
GWM
964
Graybill Wealth Management
Illinois
$670K +$676K +6,357 New
AC
965
AIFG Consultants
New York
$670K -$201K -1,892 -23%
VAF
966
Values Added Financial
District of Columbia
$669K +$127K +1,190 +23%
T. Rowe Price Associates
967
T. Rowe Price Associates
Maryland
$665K
SIA
968
Soltis Investment Advisors
Utah
$658K -$93.2K -876 -12%
NS
969
NBC Securities
Alabama
$655K +$660K +6,208 +103,467%
SG
970
StoneX Group
New York
$651K -$956K -8,990 -59%
HHWM
971
Hiley Hunt Wealth Management
Nebraska
$651K +$6.49K +61 +1%
SAM
972
Smartleaf Asset Management
Massachusetts
$651K +$68.8K +647 +12%
1WM
973
1900 Wealth Management
Texas
$644K +$851 +8 +0.1%
CGFA
974
Colton Groome Financial Advisors
North Carolina
$643K -$2.26M -21,275 -78%
FHB
975
First Hawaiian Bank
Hawaii
$639K

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.