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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
TWP
1351
Tempus Wealth Planning
California
$222K
WGC
1352
Watts Gwilliam & Co
Arizona
$222K -$73.4K -706 -25%
BWM
1353
Bernard Wealth Management
Michigan
$221K -$21K -202 -9%
GAMC
1354
Garner Asset Management Corp
Texas
$219K +$218K +2,100 New
AWM
1355
Apex Wealth Management
New Hampshire
$219K -$41K -394 -16%
DWM
1356
Defined Wealth Management
Oregon
$219K +$3.33K +32 +2%
AM
1357
Atwater Malick
Pennsylvania
$219K
RPC
1358
Rossmore Private Capital
Connecticut
$218K
SP
1359
Successful Portfolios
Florida
$218K -$2.6K -25 -1%
TBT
1360
Texas Bank & Trust
Texas
$217K +$216K +2,081 New
CBA
1361
Coastal Bridge Advisors
Connecticut
$217K +$208 +2 +0.1%
JAG
1362
Journey Advisory Group
Kentucky
$217K
FCM
1363
Firestone Capital Management
Florida
$217K +$1.77K +17 +0.8%
PP
1364
Postrock Partners
Oregon
$217K
RSWA
1365
Robinson Smith Wealth Advisors
Maine
$216K -$1.28M -12,290 -86%
OA
1366
Oceanside Advisors
South Carolina
$214K +$3.02K +29 +1%
PIA
1367
Perennial Investment Advisors
California
$213K -$111K -1,068 -34%
CAM
1368
Clark Asset Management
New Hampshire
$213K -$163K -1,566 -43%
LP
1369
LGL Partners
Pennsylvania
$213K -$66.7K -642 -24%
ANBT
1370
American National Bank & Trust
Texas
$211K +$210K +2,022 New
OFO
1371
OneAscent Family Office
Alabama
$210K -$54.2K -521 -21%
CTA
1372
Colonial Trust Advisors
South Carolina
$210K -$188K -1,808 -47%
RCM
1373
Radnor Capital Management
Pennsylvania
$209K
RB
1374
Renasant Bank
Mississippi
$209K -$863K -8,298 -81%
FOA
1375
Five Oceans Advisors
California
$207K -$728 -7 -0.4%

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.