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iShares National Muni Bond ETF

1,625 hedge funds and large institutions have $36.1B invested in iShares National Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 219 funds opening new positions, 771 increasing their positions, 449 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 219 | Existing positions closed: 91

72% more repeat investments, than reductions

Existing positions increased: 771 | Existing positions reduced: 449

6% more funds holding

Funds holding: 1,5341,625 (+91)

5% more capital invested

Capital invested by funds: $34.3B → $36.1B (+$1.86B)

5% more funds holding in top 10

Funds holding in top 10: 95100 (+5)

1.17% more ownership

Funds ownership: 85.71%86.88% (+1.2%)

6% less call options, than puts

Call options by funds: $266M | Put options by funds: $284M

Holders
1,625
Holders Change
+91
Holders Change %
+5.93%
% of All Funds
19.77%
Holding in Top 10
100
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+5.26%
% of All Funds
1.22%
New
219
Increased
771
Reduced
449
Closed
91
Calls
$266M
Puts
$284M
Net Calls
-$17.5M
Net Calls Change
-$197M
Name Holding Trade Value Shares
Change
Change in
Stake
BFG
1301
Berger Financial Group
Minnesota
$316K -$90.1K -842 -22%
5W
1302
5T Wealth
California
$314K +$314K +2,933 New
CWRP
1303
Cassady Wealth & Retirement Planning
Nevada
$313K +$313K +2,920 New
CWM
1304
Castle Wealth Management
Florida
$312K
AFAS
1305
Acorn Financial Advisory Services
Virginia
$312K -$16.9K -158 -5%
OWG
1306
Oxford Wealth Group
Florida
$312K +$312K +2,911 New
ARG
1307
Advisory Resource Group
Oklahoma
$312K -$61.9K -578 -17%
BO
1308
Bank OZK
Arkansas
$311K +$27.4K +256 +10%
GAA
1309
Global Assets Advisory
Florida
$310K -$10.6K -99 -3%
OIM
1310
Oder Investment Management
California
$309K +$11.1K +104 +4%
DF
1311
Downshift Financial
Colorado
$308K +$306K +2,854 New
PP
1312
Patron Partners
Texas
$306K -$30.3K -283 -9%
UIM
1313
Unified Investment Management
Georgia
$305K
RZH
1314
Relyea Zuckerberg Hanson
Connecticut
$305K -$25.2K -235 -8%
BCA
1315
Bay Colony Advisors
Massachusetts
$304K +$428 +4 +0.1%
EWM
1316
Evercore Wealth Management
New York
$303K +$82.1K +767 +37%
GSWM
1317
Golden State Wealth Management
California
$303K +$208K +1,939 +218%
HFO
1318
Heritage Family Offices
Arizona
$302K +$11.3K +106 +4%
AC
1319
Addison Capital
Pennsylvania
$302K
CFO
1320
Cambient Family Office
Michigan
$301K +$301K +2,808 New
CCP
1321
Cushing Capital Partners
Wisconsin
$301K +$301K +2,807 New
TPWA
1322
TRUE Private Wealth Advisors
Oregon
$300K
SFP
1323
Shepherd Financial Partners
Massachusetts
$300K -$6.42K -60 -2%
CWM
1324
Core Wealth Management
Florida
$298K +$298K +2,779 New
GW
1325
Graetz Wealth
Michigan
$297K +$297K +2,776 New