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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
SEIA
976
Signature Estate & Investment Advisors
California
$638K -$979K -9,201 -60%
AWA
977
Alta Wealth Advisors
Massachusetts
$636K +$638 +6 +0.1%
HFO
978
Heritage Family Offices
Arizona
$636K -$35.1K -330 -5%
1SB
979
1ST Source Bank
Indiana
$634K
NFA
980
Northwest Financial Advisors
Virginia
$633K +$1.06K +10 +0.2%
SG
981
Stanich Group
New York
$629K +$126K +1,185 +25%
MWA
982
Merkkuri Wealth Advisors
New York
$626K -$57.4K -540 -8%
CG
983
CFO4Life Group
Texas
$623K -$48.4K -455 -7%
MOS
984
MGO One Seven
Ohio
$622K +$285K +2,680 +83%
FFL
985
Financial Freedom LLC
Ohio
$621K -$281K -2,639 -31%
NB
986
Nicolet Bankshares
Wisconsin
$618K -$1.65M -15,553 -73%
RIP
987
RAM Investment Partners
Washington
$617K -$1.17K -11 -0.2%
EWA
988
Elevate Wealth Advisory
Georgia
$611K
ATC
989
Argent Trust Co
Tennessee
$610K -$127K -1,193 -17%
CA
990
Calton & Associates
Florida
$606K +$611K +5,745 New
JSA
991
Jim Saulnier & Associates
Colorado
$605K -$3.51K -33 -0.6%
LF
992
Lee Financial
Texas
$604K +$15.7K +148 +3%
RWM
993
Rialto Wealth Management
New York
$603K +$366K +3,440 +151%
TSS
994
Two Sigma Securities
New York
$597K +$602K +5,659 New
EF
995
Envision Financial
Wisconsin
$596K +$298K +2,800 +98%
PCH
996
PGIM Custom Harvest
New Jersey
$596K +$129K +1,210 +27%
PJWM
997
Philip James Wealth Mangement
Georgia
$595K -$155K -1,461 -21%
WCM
998
Weaver Capital Management
Georgia
$594K -$23.8K -224 -4%
WA
999
WPG Advisers
Maryland
$594K -$407K -3,831 -40%
WFAG
1000
Wescott Financial Advisory Group
Pennsylvania
$593K -$64.3K -605 -10%

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.