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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
ACM
1201
Advance Capital Management
Michigan
$357K +$19.8K +190 +6%
AIC
1202
Allodium Investment Consultants
Minnesota
$356K +$16.4K +158 +5%
FL
1203
FreeGulliver LLC
Louisiana
$355K +$52.1K +501 +17%
IFA
1204
Interactive Financial Advisors
Illinois
$354K -$5.82K -56 -2%
BAWC
1205
Boyce & Associates Wealth Consulting
Texas
$353K -$123K -1,185 -26%
CAM
1206
Congress Asset Management
Massachusetts
$351K +$350K +3,364 New
FW
1207
Fairway Wealth
Ohio
$351K -$420K -4,042 -55%
GC
1208
Grimes & Company
Massachusetts
$350K +$53.8K +517 +18%
MPCG
1209
Matrix Private Capital Group
New York
$350K +$322K +3,100 +1,240%
GAA
1210
Guardian Asset Advisors
Pennsylvania
$350K +$2.18K +21 +0.6%
PWM
1211
Palumbo Wealth Management
New York
$350K -$105K -1,011 -23%
FF
1212
Friday Financial
Iowa
$345K -$1.98K -19 -0.6%
EBT
1213
Enterprise Bank & Trust
Massachusetts
$344K
SP
1214
Sequent Planning
Nebraska
$342K +$94.8K +912 +39%
TCG
1215
Transcendent Capital Group
Oklahoma
$342K -$1.35K -13 -0.4%
CS
1216
Cannell & Spears
New York
$341K +$339K +3,264 New
EFG
1217
Erickson Financial Group
Pennsylvania
$340K +$59.7K +574 +21%
1L
1218
10Elms LLP
Oklahoma
$340K +$104K +1,000 +44%
TCM
1219
Traynor Capital Management
Pennsylvania
$339K -$19.8K -190 -6%
ZIM
1220
Zacks Investment Management
Illinois
$338K -$44.6K -429 -12%
MPIM
1221
McGinn Penninger Investment Management
Virginia
$336K -$163K -1,567 -33%
WWG
1222
West Wealth Group
California
$334K +$334K +3,211 New
SA
1223
Stewardship Advisors
Pennsylvania
$334K -$116K -1,111 -26%
State Farm Mutual Automobile Insurance
1224
State Farm Mutual Automobile Insurance
Illinois
$334K +$332K +3,194 New
FIC
1225
Family Investment Center
Missouri
$334K +$332K +3,193 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.