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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
GFP
1251
Gryphon Financial Partners
Ohio
$287K +$290K +2,725 New
VFA
1252
Valeo Financial Advisors
Indiana
$287K -$138K -1,296 -32%
CAWM
1253
Capital A Wealth Management
Pennsylvania
$287K -$63.5K -597 -18%
EW
1254
Evoke Wealth
California
$285K -$16K -150 -5%
MADFP
1255
Michael A Dubis Financial Planning
Wisconsin
$285K -$75.5K -710 -21%
T
1256
Transce3nd
Texas
$284K +$1.91K +18 +0.7%
NWM
1257
Northwest Wealth Management
Iowa
$284K -$40.2K -378 -12%
BBNA
1258
Bremer Bank National Association
Minnesota
$283K +$286K +2,688 New
LP
1259
LGL Partners
Pennsylvania
$283K -$2.74M -25,754 -91%
EFG
1260
Erickson Financial Group
Pennsylvania
$283K
APW
1261
Aventura Private Wealth
Florida
$283K
RRA
1262
Round Rock Advisors
Connecticut
$281K +$3.72K +35 +1%
BIA
1263
Bell Investment Advisors
California
$280K -$98.2K -923 -26%
LA
1264
LexAurum Advisors
Kansas
$278K +$9.36K +88 +3%
PWM
1265
Partners Wealth Management
California
$273K -$10.2K -96 -4%
AWP
1266
Axis Wealth Partners
Rhode Island
$273K +$2.87K +27 +1%
SMG
1267
Smart Money Group
Texas
$272K +$274K +2,579 New
C1AG
1268
Client 1st Advisory Group
Florida
$271K
BBNB
1269
Baker Boyer National Bank
Washington
$270K
KFS
1270
Kelly Financial Services
Massachusetts
$270K +$272K +2,559 New
AFO
1271
Allie Family Office
Florida
$268K
CCG
1272
Ceeto Capital Group
Florida
$268K
OFO
1273
OneAscent Family Office
Alabama
$267K +$269K +2,529 New
EW
1274
Element Wealth
Mississippi
$267K +$269K +2,530 New
VIM
1275
Vista Investment Management
Pennsylvania
$266K -$48.2K -453 -15%

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.