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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
RWM
1151
Revisor Wealth Management
Ohio
$400K -$97.6K -939 -20%
WA
1152
WBH Advisory
Maryland
$399K -$74.2K -714 -16%
CWM
1153
Collaborative Wealth Management
Florida
$399K -$38.8K -373 -9%
C
1154
Covestor
United Kingdom
$397K +$55.4K +533 +16%
WCM
1155
WealthBridge Capital Management
Ohio
$396K +$60.2K +579 +18%
BFG
1156
Berger Financial Group
Minnesota
$396K +$312 +3 +0.1%
AC
1157
Anson Capital
Georgia
$394K
AWM
1158
Altus Wealth Management
Kentucky
$392K -$20.8K -200 -5%
SFS
1159
Strategic Financial Services
New York
$392K +$390K +3,750 New
BBA
1160
Braun-Bostich & Associates
Pennsylvania
$390K +$159K +1,532 +70%
CT
1161
Coastline Trust
Rhode Island
$389K +$199K +1,915 +106%
EB
1162
Eastern Bank
Massachusetts
$388K
HWMC
1163
Heritage Wealth Management (California)
California
$388K -$31.4K -302 -8%
COCM
1164
Charter Oak Capital Management
New Hampshire
$387K -$181K -1,744 -32%
PPC
1165
Park Place Capital
Alabama
$387K -$1.22M -11,710 -76%
CA
1166
Calton & Associates
Florida
$386K -$213K -2,051 -36%
IA
1167
Insight Advisors
Pennsylvania
$385K +$104 +1 +0%
USB
1168
Union Savings Bank
Connecticut
$384K -$194K -1,867 -34%
BI
1169
Binnacle Investments
Iowa
$384K -$64.8K -623 -15%
SGI
1170
Summit Global Investments
Utah
$381K -$35.6K -342 -9%
BJL
1171
Brighton Jones LLC
Washington
$379K +$126K +1,208 +50%
V
1172
VeraBank
Texas
$378K +$376K +3,621 New
S
1173
Sachetta
Massachusetts
$378K +$71.7K +690 +24%
BFA
1174
Brown Financial Advisors
Ohio
$376K +$374K +3,601 New
WIM
1175
WealthPlan Investment Management
Nebraska
$375K +$373K +3,592 New

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.