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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
NS
951
NBC Securities
Alabama
$721K +$72.3K +695 +11%
FAM
952
Flaharty Asset Management
Florida
$719K
QC
953
Quadrature Capital
United Kingdom
$718K +$715K +6,875 New
RIM
954
Rockbridge Investment Management
New York
$718K
PA
955
Planning Alternatives
Michigan
$718K +$715K +6,873 New
KCAM
956
Kagan Cocozza Asset Management
New Jersey
$717K +$11.3K +109 +2%
NFG
957
Nations Financial Group
Iowa
$717K +$31.4K +302 +5%
4WM
958
49 Wealth Management
Texas
$717K +$360K +3,459 +102%
NIWA
959
New Insight Wealth Advisors
California
$716K +$512K +4,924 +255%
CCB
960
Country Club Bank
Missouri
$716K -$61.9K -595 -8%
RTC
961
Real Talk Capital
Tennessee
$715K +$2.08K +20 +0.3%
1SB
962
1ST Source Bank
Indiana
$715K +$86.9K +836 +14%
PWMAG
963
Pinnacle Wealth Management Advisory Group
New Jersey
$715K +$134K +1,287 +23%
KW
964
Keyvantage Wealth
Pennsylvania
$715K -$252K -2,428 -26%
BCM
965
Brasada Capital Management
Texas
$714K -$28.2K -271 -4%
KFS
966
Kelly Financial Services
Massachusetts
$713K +$443K +4,265 +167%
NAM
967
NTV Asset Management
West Virginia
$712K
PCMC
968
Paragon Capital Management (Colorado)
Colorado
$709K +$346K +3,332 +96%
FSA
969
Financial Sense Advisors
California
$705K -$21.3K -205 -3%
MFG
970
Magnus Financial Group
New York
$700K -$295K -2,838 -30%
SWM
971
SeaCrest Wealth Management
New York
$697K -$18.7K -180 -3%
PWM
972
Paulson Wealth Management
Illinois
$695K -$2.05M -19,759 -75%
MWM
973
MorganRosel Wealth Management
Colorado
$694K -$246K -2,365 -26%
FFA
974
Florida Financial Advisors
Florida
$691K +$193K +1,853 +39%
APWM
975
Argonautica Private Wealth Management
Massachusetts
$688K -$134K -1,292 -16%

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.