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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
OFS
1276
Orrstown Financial Services
Pennsylvania
$291K +$290K +2,786 New
CWG
1277
Cornerstone Wealth Group
North Carolina
$290K -$1.53M -14,741 -84%
LRWA
1278
Long Run Wealth Advisors
New York
$290K +$288K +2,773 New
OIM
1279
Oder Investment Management
California
$290K +$85.2K +819 +42%
PCM
1280
Parsons Capital Management
Rhode Island
$290K
SW
1281
StrongBox Wealth
Missouri
$288K
LWL
1282
Leo Wealth LLC
Texas
$288K +$287K +2,758 New
AWM
1283
Aprio Wealth Management
Georgia
$287K -$99.1K -953 -26%
BWA
1284
Blodgett Wealth Advisors
California
$286K +$285K +2,739 New
NWM
1285
Northwest Wealth Management
Iowa
$282K +$936 +9 +0.3%
WJWM
1286
Williams Jones Wealth Management
New York
$282K +$281K +2,700 New
EW
1287
Element Wealth
Mississippi
$281K +$16.8K +162 +6%
APW
1288
Aventura Private Wealth
Florida
$280K
RRA
1289
Round Rock Advisors
Connecticut
$278K
AWP
1290
Axis Wealth Partners
Rhode Island
$277K +$7.28K +70 +3%
BCA
1291
Bay Colony Advisors
Massachusetts
$274K +$273K +2,622 New
PWM
1292
Partners Wealth Management
California
$273K
FCC
1293
Florin Court Capital
United Kingdom
$272K -$655K -6,300 -71%
PP
1294
Patten & Patten
Tennessee
$271K -$30.7K -295 -10%
LW
1295
Libra Wealth
California
$269K +$268K +2,574 New
AFG
1296
Allegheny Financial Group
Pennsylvania
$269K +$267K +2,572 New
C1AG
1297
Client 1st Advisory Group
Florida
$268K
BBNB
1298
Baker Boyer National Bank
Washington
$267K
FA
1299
Fermata Advisors
California
$267K +$265K +2,553 New
OCPWS
1300
One Charles Private Wealth Services
Massachusetts
$266K -$21.7K -209 -8%

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.