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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
TWA
1351
TCI Wealth Advisors
Arizona
$206K -$10.5K -99 -5%
RWM
1352
RKL Wealth Management
Pennsylvania
$205K +$1.06K +10 +0.5%
SL
1353
Sentinus LLC
Illinois
$205K -$3.94K -37 -2%
SCM
1354
Stonehearth Capital Management
Massachusetts
$204K +$206K +1,938 New
TDWM
1355
Topel & Distasi Wealth Management
California
$204K -$32.5K -306 -14%
NIWA
1356
New Insight Wealth Advisors
California
$204K -$5.74K -54 -3%
RRWA
1357
Rainey & Randall Wealth Advisors
Florida
$202K +$1.06K +10 +0.5%
MPPLM
1358
Midwest Professional Planners Ltd (MPPL)
Wisconsin
$200K -$21.4K -201 -10%
CIA
1359
Cape Investment Advisory
Georgia
$196K +$64.6K +607 +49%
CT
1360
Coastline Trust
Rhode Island
$191K -$33.6K -316 -15%
MFT
1361
Moisand Fitzgerald Tamayo
Florida
$177K
BWL
1362
Bogart Wealth LLC
Virginia
$177K
RTL
1363
Red Tortoise LLC
Georgia
$169K +$142K +1,335 +504%
CT
1364
Clearstead Trust
Maine
$166K
RJA
1365
Ross\Johnson & Associates
Minnesota
$163K
UB
1366
UMB Bank
Missouri
$159K -$20.7K -195 -11%
SOS
1367
Silver Oak Securities
Tennessee
$156K +$158K +1,485 New
SMA
1368
Sage Mountain Advisors
Georgia
$152K +$153K +1,441 New
LC
1369
Lindbrook Capital
California
$148K
RFS
1370
Richardson Financial Services
Massachusetts
$144K +$39.7K +373 +37%
BIG
1371
Brooklyn Investment Group
New York
$139K +$15K +141 +12%
AC
1372
AlphaCore Capital
California
$135K +$136K +1,280 New
GKIM
1373
GW&K Investment Management
Massachusetts
$133K +$110K +1,034 +450%
MFC
1374
Morris Financial Concepts
South Carolina
$129K -$30.9K -291 -19%
GJIA
1375
Glass Jacobson Investment Advisors
Maryland
$127K

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.