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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
CCG
1301
Ceeto Capital Group
Florida
$266K
ARG
1302
Advisory Resource Group
Oklahoma
$266K -$2.31M -22,191 -90%
KV
1303
Kickstand Ventures
New York
$265K -$23.9K -230 -8%
CIA
1304
Cape Investment Advisory
Georgia
$264K +$69.9K +672 +36%
CPA
1305
Cardiff Park Advisors
California
$264K +$1.25K +12 +0.5%
WC
1306
Whitney & Co
New York
$262K
HCM
1307
Harvey Capital Management
Florida
$262K
PW
1308
Pandora Wealth
Illinois
$261K
CWD
1309
Clarity Wealth Development
Oregon
$260K
VIM
1310
Vista Investment Management
Pennsylvania
$260K -$3.12K -30 -1%
NAMNJ
1311
NorthStar Asset Management (New Jersey)
New Jersey
$259K +$258K +2,479 New
EW
1312
Evoke Wealth
California
$258K -$25.1K -241 -9%
FSBI
1313
Fearless Solutions (Best Invest)
Texas
$252K
PAG
1314
Paladin Advisory Group
Iowa
$252K -$2.41M -23,142 -91%
PCA
1315
Peddock Capital Advisors
Massachusetts
$251K +$30K +289 +14%
CFS
1316
CRA Financial Services
New Jersey
$250K
MA
1317
MBA Advisors
Pennsylvania
$250K
BWM
1318
Benchmark Wealth Management
Connecticut
$249K +$248K +2,381 New
TFG
1319
Team Financial Group
California
$247K +$246K +2,367 New
FFG
1320
First Financial Group
North Carolina
$246K
LBC
1321
Leigh Baldwin & Co
New York
$245K -$6.76K -65 -3%
FWM
1322
Fonville Wealth Management
Virginia
$244K -$14K -135 -5%
MA
1323
Mosaic Advisors
Texas
$244K +$243K +2,334 New
KCM
1324
Kanawha Capital Management
Virginia
$243K
KWM
1325
KFG Wealth Management
Indiana
$243K -$52.1K -501 -18%

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.