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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
LWM
1226
LeConte Wealth Management
Tennessee
$308K +$311K +2,925 New
IWP
1227
Innova Wealth Partners
Pennsylvania
$308K -$8.51K -80 -3%
TNBTD
1228
Trustmark National Bank Trust Department
Mississippi
$307K
CGA
1229
Crescent Grove Advisors
Illinois
$306K +$1.81K +17 +0.6%
FL
1230
FreeGulliver LLC
Louisiana
$306K
PP
1231
Patten & Patten
Tennessee
$305K -$165K -1,550 -35%
MAV
1232
Mason & Associates (Virginia)
Virginia
$304K +$1.06K +10 +0.3%
RWM
1233
Riverbend Wealth Management
South Carolina
$304K +$10.1K +95 +3%
BP
1234
BBR Partners
New York
$303K
PAS
1235
PKS Advisory Services
New York
$302K +$12.4K +117 +4%
EK
1236
Evensky & Katz
Florida
$302K +$1.59K +15 +0.5%
UIM
1237
Unified Investment Management
Georgia
$301K
GC
1238
Grimes & Company
Massachusetts
$299K -$1.11M -10,436 -79%
KWM
1239
KFG Wealth Management
Indiana
$298K +$43.3K +407 +17%
AC
1240
Addison Capital
Pennsylvania
$297K +$299K +2,816 New
KA
1241
Kovack Advisors
Florida
$296K +$299K +2,808 New
WSWA
1242
Warren Street Wealth Advisors
California
$296K +$48.7K +458 +20%
WGC
1243
Watts Gwilliam & Co
Arizona
$294K -$100K -943 -25%
PCM
1244
Parsons Capital Management
Rhode Island
$292K
KV
1245
Kickstand Ventures
New York
$292K +$49.2K +463 +20%
SW
1246
StrongBox Wealth
Missouri
$291K
OCPWS
1247
One Charles Private Wealth Services
Massachusetts
$291K +$22.2K +209 +8%
FMII
1248
Farmers & Merchants Investments Inc
Nebraska
$290K
CIAS
1249
Capital Investment Advisory Services
North Carolina
$289K -$527K -4,959 -64%
BO
1250
Bank OZK
Arkansas
$289K -$78.1K -734 -21%

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.