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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
MFA
1301
Millington Financial Advisors
Illinois
$247K -$6.91K -65 -3%
KCM
1302
Kanawha Capital Management
Virginia
$245K
SFS
1303
Sharp Financial Services
Pennsylvania
$245K -$106K -1,000 -30%
BWM
1304
Bernard Wealth Management
Michigan
$245K -$69.8K -656 -22%
LFP
1305
Lakeshore Financial Planning
Michigan
$245K -$25.7K -242 -9%
SC
1306
SouthState Corp
Florida
$244K +$246K +2,315 New
OPPS
1307
Obsidian Personal Planning Solutions
Maryland
$242K
FWM
1308
Focused Wealth Management
New York
$241K
FFG
1309
Fortress Financial Group
Minnesota
$239K
1L
1310
10Elms LLP
Oklahoma
$237K +$21.3K +200 +10%
CWP
1311
Concord Wealth Partners
Virginia
$236K -$66.7K -627 -22%
WWM
1312
Wolff Wiese Magana
California
$233K -$851 -8 -0.4%
KSWA
1313
Kathleen S. Wright Associates
Pennsylvania
$233K +$11.6K +109 +5%
BBA
1314
Braun-Bostich & Associates
Pennsylvania
$232K +$234K +2,197 New
SS
1315
Sunbelt Securities
Texas
$230K +$35.9K +338 +18%
HA
1316
Hofer & Associates
California
$230K +$532 +5 +0.2%
KFGK
1317
Keystone Financial Group (Kentucky)
Kentucky
$229K -$244K -2,290 -51%
NA
1318
Novus Advisors
South Carolina
$228K
OCM
1319
Orleans Capital Management
Louisiana
$227K
TWP
1320
Tempus Wealth Planning
California
$224K
PCA
1321
Peddock Capital Advisors
Massachusetts
$223K +$225K +2,115 New
SP
1322
Successful Portfolios
Florida
$222K
EFA
1323
Edge Financial Advisors
Illinois
$222K +$224K +2,103 New
AM
1324
Atwater Malick
Pennsylvania
$221K
RPC
1325
Rossmore Private Capital
Connecticut
$220K

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.