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iShares National Muni Bond ETF

1,629 hedge funds and large institutions have $37.8B invested in iShares National Muni Bond ETF in 2026 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 790 increasing their positions, 504 reducing their positions, and 90 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 790 | Existing positions reduced: 504

33% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 90

1.73% more ownership

Funds ownership: 86.94%88.67% (+1.7%)

5% more capital invested

Capital invested by funds: $36.1B → $37.8B (+$1.66B)

0% more funds holding

Funds holding: 1,6291,629 (0)

6% less funds holding in top 10

Funds holding in top 10: 10195 (-6)

56% less call options, than puts

Call options by funds: $131M | Put options by funds: $300M

Holders
1,629
Holders Change
Holders Change %
0%
% of All Funds
19.93%
Holding in Top 10
95
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-5.94%
% of All Funds
1.16%
New
120
Increased
790
Reduced
504
Closed
90
Calls
$131M
Puts
$300M
Net Calls
-$169M
Net Calls Change
-$151M
Name Holding Trade Value Shares
Change
Change in
Stake
GI
101
Gradient Investments
Minnesota
$38.5M +$8.98M +83,549 +30%
SDWMA
102
Schneider Downs Wealth Management Advisors
Pennsylvania
$38.3M +$2.12M +19,738 +6%
CPCM
103
Cardinal Point Capital Management
Ontario, Canada
$38.1M +$309K +2,872 +0.8%
LFS
104
Lutz Financial Services
Nebraska
$37.5M +$201K +1,865 +0.5%
IWC
105
Integrated Wealth Concepts
Massachusetts
$37.4M +$8.53M +79,298 +29%
NB
106
Nicolet Bankshares
Wisconsin
$37.3M +$37.1M +345,321 +6,248%
SA
107
Sanctuary Advisors
Indiana
$36.1M +$6.88K +64 +0%
Baird Financial Group
108
Baird Financial Group
Wisconsin
$36M +$1.19M +11,052 +3%
RCM
109
Rivernorth Capital Management
Florida
$35.8M +$26.5M +246,140 +271%
JIC
110
Johnson Investment Counsel
Ohio
$35.6M +$36M +334,925 New
LS
111
Liquid Strategies
Georgia
$35.2M +$781K +7,266 +2%
BL
112
Balentine LLC
Georgia
$35.1M -$40.6M -377,929 -53%
FPCP
113
Fort Point Capital Partners
California
$34.7M +$8.81M +81,895 +33%
Citadel Advisors
114
Citadel Advisors
Florida
$33.7M +$34.2M +317,700 New
TC
115
Trust Company
Kansas
$33.4M +$1.12M +10,429 +3%
CB
116
Commerce Bank
Missouri
$32.6M +$1.62M +15,096 +5%
Prudential Financial
117
Prudential Financial
New Jersey
$31.8M -$2.53M -23,500 -7%
QWP
118
Quotient Wealth Partners
Texas
$31.7M +$1.47M +13,666 +5%
GSIS
119
Global Strategic Investment Solutions
Arizona
$31.4M +$138K +1,285 +0.4%
PAG
120
Private Advisor Group
New Jersey
$31.3M +$2.68M +24,932 +9%
RWM
121
Rockwood Wealth Management
Pennsylvania
$31M -$492K -4,579 -2%
AL
122
Aspiriant LLC
California
$30.7M -$1.5M -13,918 -5%
ACA
123
Ackerman Capital Advisors
Texas
$30.2M -$1.73M -16,108 -5%
DT
124
DV Trading
Illinois
$29.1M +$29.5M +274,100 New
TIAA Trust, National Association
125
TIAA Trust, National Association
North Carolina
$28.9M -$587M -5,461,311 -95%

MUB Hedge Fund Activity: Q1 2026 in Review

1,629 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2026, worth a combined $37.8B — up 4.6% from $36.1B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 90 closed out — a net gain of 30 holders — while 790 added to existing stakes and 504 trimmed.

The largest buyer was UBS Group, adding an estimated $557M. The largest seller was TIAA Trust, National Association, cutting an estimated $587M.

  • 1,629 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2026, unchanged from Q4 2025.
  • Funds reported $37.8B of iShares National Muni Bond ETF stock for Q1 2026, up 4.6% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2026 and 90 closed out, a net change of +30 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2026 was UBS Group, an estimated $557M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2026 was TIAA Trust, National Association, an estimated $587M sold.

Based on aggregated 13F filings for Q1 2026.