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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
BWP
1076
BlueStem Wealth Partners
Minnesota
$485K -$52.7K -496 -10%
CRC
1077
Curi RMB Capital
Illinois
$484K +$488K +4,590 New
GWP
1078
Gateway Wealth Partners
Wisconsin
$483K +$177K +1,666 +57%
BFS
1079
BridgePort Financial Solutions
Iowa
$481K -$27.2K -256 -5%
BAWC
1080
Boyce & Associates Wealth Consulting
Texas
$481K -$17.8K -167 -4%
PFA
1081
Pathway Financial Advisors
Vermont
$479K +$483K +4,540 New
NL
1082
NVWM LLC
Pennsylvania
$478K +$80.7K +759 +20%
WA
1083
WBH Advisory
Maryland
$478K -$269K -2,526 -36%
FTC
1084
Farmers Trust Company
Ohio
$478K
CCMG
1085
Clark Capital Management Group
Pennsylvania
$477K -$1.48M -13,957 -76%
WWP
1086
Waypoint Wealth Partners
California
$475K +$479K +4,506 New
BFG
1087
Baron Financial Group
New Jersey
$474K -$532 -5 -0.1%
SP
1088
Stablepoint Partners
Massachusetts
$472K -$20.4K -192 -4%
CWM
1089
Chesapeake Wealth Management
Virginia
$472K -$253K -2,377 -35%
NL
1090
Navalign LLC
California
$470K
CWM
1091
Centurion Wealth Management
Virginia
$469K
EC
1092
Elequin Capital
New York
$465K +$73.4K +690 +19%
MLM
1093
Mount Lucas Management
Pennsylvania
$461K -$290K -2,726 -38%
PWM
1094
Palumbo Wealth Management
New York
$459K +$21.4K +201 +5%
XF
1095
XML Financial
Maryland
$459K +$4.89K +46 +1%
FWA
1096
FOCUS Wealth Advisors
Texas
$455K
HPC
1097
HM Payson & Co
Maine
$455K +$126K +1,188 +38%
FA
1098
FSA Advisors
Michigan
$454K -$43.4K -408 -9%
SA
1099
Stewardship Advisors
Pennsylvania
$454K +$3.72K +35 +0.8%
HWA
1100
Hilltop Wealth Advisors
North Carolina
$453K -$63.2K -594 -12%

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.