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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
LSIA
1326
LaSalle St. Investment Advisors
Illinois
$242K +$242K +2,324 New
CAI
1327
Capital Advisors Inc
Oklahoma
$242K +$241K +2,315 New
OPPS
1328
Obsidian Personal Planning Solutions
Maryland
$241K
EAM
1329
Evanson Asset Management
California
$241K -$1.37M -13,194 -85%
NFA
1330
Northwest Financial Advisors
Virginia
$241K -$385K -3,704 -62%
PP
1331
Pacifica Partners
Canada
$240K -$20.8K -200 -8%
FWM
1332
Focused Wealth Management
New York
$239K
SIM
1333
Stratos Investment Management
Ohio
$239K +$238K +2,287 New
WSWA
1334
Warren Street Wealth Advisors
California
$238K -$54.6K -525 -19%
FFG
1335
Fortress Financial Group
Minnesota
$237K
EK
1336
Evensky & Katz
Florida
$236K -$62.9K -605 -21%
CFS
1337
Commonwealth Financial Services
West Virginia
$235K -$203K -1,954 -46%
AG
1338
AmeriFlex Group
Nevada
$234K +$125K +1,199 +115%
NAS
1339
NWF Advisory Services
California
$232K +$28.2K +271 +14%
WWM
1340
Wolff Wiese Magana
California
$231K
FF
1341
Financial Futures
New Jersey
$231K +$229K +2,206 New
OCM
1342
Orleans Capital Management
Louisiana
$230K +$5.2K +50 +2%
HTIM
1343
Harbour Trust & Investment Management
Indiana
$227K +$15.6K +150 +7%
CTC
1344
Central Trust Company
Missouri
$227K +$204K +1,961 +921%
LFP
1345
Lakeshore Financial Planning
Michigan
$227K -$15.6K -150 -6%
NA
1346
Novus Advisors
South Carolina
$226K
AWM
1347
Act Wealth Management
Texas
$225K -$270K -2,596 -55%
CGA
1348
Crescent Grove Advisors
Illinois
$223K -$79.6K -766 -26%
O3W
1349
Omni 360 Wealth
New Jersey
$223K -$28.1K -270 -11%
GFP
1350
Gryphon Financial Partners
Ohio
$222K -$62.1K -597 -22%

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.