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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
C
1201
Covestor
United Kingdom
$344K -$19.9K -187 -5%
AIC
1202
Allodium Investment Consultants
Minnesota
$343K +$24K +226 +7%
CT
1203
Colonial Trust
South Carolina
$342K +$174K +1,637 +102%
TPWA
1204
TRUE Private Wealth Advisors
Oregon
$340K -$14.1K -133 -4%
ACM
1205
Advance Capital Management
Michigan
$340K +$62.4K +587 +22%
WCM
1206
WealthBridge Capital Management
Ohio
$338K +$341K +3,210 New
FWM
1207
Foguth Wealth Management
Michigan
$335K +$338K +3,175 New
CWC
1208
Carolinas Wealth Consulting
North Carolina
$333K -$28.6K -269 -8%
NLP
1209
Next Level Private
New York
$333K +$22.2K +209 +7%
PW
1210
Paladin Wealth
Minnesota
$331K +$334K +3,143 New
RF
1211
RHS Financial
California
$330K -$95.4K -897 -22%
LCM
1212
Leisure Capital Management
California
$328K -$574K -5,398 -63%
PIA
1213
Perennial Investment Advisors
California
$328K +$331K +3,109 New
ACP
1214
Aviance Capital Partners
Florida
$324K -$25K -235 -7%
GCM
1215
Gallacher Capital Management
Colorado
$322K -$223K -2,101 -41%
EF
1216
Elite Financial
Idaho
$321K +$1.7K +16 +0.5%
DWS
1217
Dynamic Wealth Strategies
California
$320K +$33K +310 +11%
HGWM
1218
Horst & Graben Wealth Management
Oregon
$319K +$1.17K +11 +0.4%
FA
1219
Flagstar Advisors
New York
$317K -$53.1K -499 -14%
OIA
1220
Optimum Investment Advisors
Illinois
$316K
FWP
1221
Falcon Wealth Planning
California
$314K +$317K +2,978 New
HOWA
1222
Heritage Oak Wealth Advisors
Florida
$313K
ITB
1223
Idaho Trust Bank
Idaho
$311K +$14.6K +137 +5%
VP
1224
Verum Partners
North Carolina
$311K -$30.4K -286 -9%
S
1225
Sachetta
Massachusetts
$309K

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.