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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
WAG
1051
Winthrop Advisory Group
Massachusetts
$527K +$21.9K +211 +4%
OWP
1052
Obermeyer Wealth Partners
Colorado
$525K +$276K +2,651 +112%
CB
1053
Centennial Bank
Arkansas
$522K
DTC
1054
Davidson Trust Company
Washington
$522K
HFAS
1055
Hummer Financial Advisory Services
Illinois
$522K
MMG
1056
Monetary Management Group
Missouri
$522K
SFP
1057
Sandbox Financial Partners
Maryland
$522K +$16.5K +159 +3%
AWM
1058
Aries Wealth Management
Maine
$520K
AC
1059
AIFG Consultants
New York
$520K -$144K -1,382 -22%
AWAG
1060
ARS Wealth Advisors Group
Florida
$518K
OFP
1061
OLIO Financial Planning
Virginia
$518K -$1.35K -13 -0.3%
WCWM
1062
Willow Creek Wealth Management
California
$518K +$3.85K +37 +0.8%
HIM
1063
Harbour Investment Management
Washington
$517K
FFL
1064
Financial Freedom LLC
Ohio
$515K -$100K -965 -16%
TW
1065
TritonPoint Wealth
Maryland
$514K -$46.4K -446 -8%
HBT
1066
Hills Bank & Trust
Iowa
$513K
TAM
1067
Titleist Asset Management
Texas
$512K -$1.46K -14 -0.3%
AA
1068
Armis Advisers
Georgia
$511K +$25.3K +243 +5%
EIP
1069
Ellis Investment Partners
Pennsylvania
$510K +$4.05K +39 +0.8%
MCA
1070
MSH Capital Advisors
Arizona
$509K +$142K +1,368 +39%
OC
1071
Oakworth Capital
Alabama
$509K +$507K +4,872 New
SL
1072
SWMG LLC
Texas
$509K +$72.3K +695 +16%
BWM
1073
Boyd Wealth Management
California
$506K +$7.9K +76 +2%
AUB
1074
Atlantic Union Bankshares
Virginia
$505K +$21K +202 +4%
BIA
1075
Bigelow Investment Advisors
Maine
$501K -$59.5K -572 -11%

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.