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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
FCA
1326
FLC Capital Advisors
California
$220K
PPC
1327
Pennington Partners & Co
Maryland
$220K -$64.8K -609 -23%
JAG
1328
Journey Advisory Group
Kentucky
$219K +$1.17K +11 +0.5%
CBA
1329
Coastal Bridge Advisors
Connecticut
$219K +$221K +2,076 New
PP
1330
Postrock Partners
Oregon
$219K
DWM
1331
Defined Wealth Management
Oregon
$218K +$7.66K +72 +4%
FCM
1332
Firestone Capital Management
Florida
$217K +$1.06K +10 +0.5%
ACA
1333
Affinity Capital Advisors
California
$216K +$225K +2,115 New
EFH
1334
Eaton Financial Holdings
Florida
$216K -$3.22M -30,291 -94%
HTIM
1335
Harbour Trust & Investment Management
Indiana
$214K -$61.3K -576 -22%
RMDI
1336
R.M. Davis Inc
Maine
$214K +$215K +2,025 New
NP
1337
NorthRock Partners
Minnesota
$213K +$165K +1,548 +325%
OA
1338
Oceanside Advisors
South Carolina
$213K -$162K -1,520 -43%
RCM
1339
Radnor Capital Management
Pennsylvania
$211K -$532K -5,000 -71%
GBWM
1340
Granite Bay Wealth Management
New Hampshire
$211K
CCM
1341
Canal Capital Management
Virginia
$210K +$212K +1,993 New
KFGG
1342
Keystone Financial Group (Georgia)
Georgia
$210K -$13.6K -128 -6%
FOA
1343
Five Oceans Advisors
California
$210K -$23K -216 -10%
CPBTD
1344
Central Pacific Bank - Trust Division
Hawaii
$209K -$1.38M -12,984 -87%
WHG
1345
Westwood Holdings Group
Texas
$208K +$210K +1,975 New
SFC
1346
Summit Financial Consulting
Michigan
$208K +$209K +1,969 New
HFP
1347
Holistic Financial Partners
Indiana
$206K +$208K +1,958 New
OIM
1348
Oder Investment Management
California
$206K +$213 +2 +0.1%
RF
1349
Rossby Financial
Florida
$206K +$8.93K +84 +4%
NAS
1350
NWF Advisory Services
California
$206K +$208K +1,953 New

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.