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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
SWP
1226
Summit Wealth Partners
Florida
$333K -$57.1K -549 -15%
IA
1227
Integrity Alliance
Iowa
$333K -$46.9K -451 -12%
SFM
1228
Signet Financial Management
New Jersey
$329K +$327K +3,146 New
PP
1229
Patron Partners
Texas
$328K -$39K -375 -11%
AWA
1230
Amplius Wealth Advisors
Pennsylvania
$327K +$326K +3,133 New
LCM
1231
Leisure Capital Management
California
$325K
Mirae Asset Global Investments
1232
Mirae Asset Global Investments
South Korea
$325K +$73.8K +710 +30%
FWM
1233
Foguth Wealth Management
Michigan
$325K -$7.07K -68 -2%
CIM
1234
Cambria Investment Management
California
$324K -$996K -9,580 -76%
GAA
1235
Global Assets Advisory
Florida
$323K +$322K +3,098 New
SWP
1236
Strategic Wealth Partners
Ohio
$322K +$320K +3,080 New
Empower Advisory Group
1237
Empower Advisory Group
Colorado
$322K -$25.8K -248 -7%
FA
1238
Flagstar Advisors
New York
$321K +$7.07K +68 +2%
ACP
1239
Aviance Capital Partners
Florida
$321K
FCP
1240
Fidelis Capital Partners
Florida
$320K -$369K -3,552 -54%
HGWM
1241
Horst & Graben Wealth Management
Oregon
$319K +$2.5K +24 +0.8%
EFH
1242
Eaton Financial Holdings
Florida
$318K +$104K +1,000 +49%
WAG
1243
Wheelhouse Advisory Group
Missouri
$318K -$34.3K -330 -10%
Principal Financial Group
1244
Principal Financial Group
Iowa
$317K +$315K +3,033 New
DWS
1245
Dynamic Wealth Strategies
California
$317K
OIA
1246
Optimum Investment Advisors
Illinois
$313K
NLP
1247
Next Level Private
New York
$311K -$18.5K -178 -6%
HOWA
1248
Heritage Oak Wealth Advisors
Florida
$311K
ITB
1249
Idaho Trust Bank
Idaho
$309K
T
1250
Transce3nd
Texas
$307K +$25.4K +244 +9%

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.