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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
LIG
1126
Lokken Investment Group
Delaware
$422K +$52.1K +490 +14%
WWP
1127
Wise Wealth Partners
Arizona
$421K -$1.81K -17 -0.4%
SGI
1128
Summit Global Investments
Utah
$420K -$26.3K -247 -6%
CAM
1129
Covenant Asset Management
New Jersey
$419K
CAG
1130
Curtis Advisory Group
California
$418K +$422K +3,967 New
RFP
1131
Root Financial Partners
California
$418K -$500K -4,705 -54%
AA
1132
Addison Advisors
Vermont
$418K +$319 +3 +0.1%
AWM
1133
Altus Wealth Management
Kentucky
$417K -$392K -3,685 -48%
PWA
1134
Provenance Wealth Advisors
Florida
$416K -$150K -1,411 -26%
SPI
1135
Sutton Place Investors
New York
$416K -$224K -2,105 -35%
TWCA
1136
Two West Capital Advisors
Kansas
$416K +$199K +1,867 +85%
EL
1137
EWA LLC
Pennsylvania
$415K -$36.1K -339 -8%
VNIM
1138
Vaughan Nelson Investment Management
Texas
$413K +$28.2K +265 +7%
VFG
1139
Valley Financial Group
Pennsylvania
$413K +$6.28K +59 +2%
WCF
1140
West Coast Financial
California
$410K
ETC
1141
Exchange Traded Concepts
Oklahoma
$409K -$83K -780 -17%
OPAM
1142
Ocean Park Asset Management
California
$409K -$83K -780 -17%
TCA
1143
Transcend Capital Advisors
New Jersey
$406K -$44.5K -418 -10%
SPF
1144
South Plains Financial
Texas
$405K
CTA
1145
Colonial Trust Advisors
South Carolina
$402K +$192K +1,808 +90%
NCM
1146
Noesis Capital Mangement
Florida
$399K -$79.8K -750 -17%
BFG
1147
Berger Financial Group
Minnesota
$399K +$1.91K +18 +0.5%
AC
1148
Anson Capital
Georgia
$398K +$29.2K +275 +8%
NRI
1149
NFP Retirement Inc
California
$397K +$146K +1,376 +58%
CKAIS
1150
Christensen King & Associates Investment Services
Washington
$395K -$10.7K -101 -3%

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.