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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
GCM
1501
Gables Capital Management
Florida
$105
VWA
1502
VSM Wealth Advisory
Maryland
$105 +$106 +1 New
HWP
1503
Highline Wealth Partners
California
$85 -$67.1K -631 -100%
FFA
1504
Frazier Financial Advisors
Ohio
$26
PAS
1505
Park Avenue Securities
New York
-$110M -1,033,611 Closed
Citadel Advisors
1506
Citadel Advisors
Florida
-$24.6M -230,925 Closed
SW
1507
SVB Wealth
Massachusetts
-$18.9M -177,094 Closed
Allspring Global Investments
1508
Allspring Global Investments
North Carolina
-$11.6M -108,460 Closed
EP
1509
Essential Planning
New Hampshire
-$11.6M -108,265 Closed
EAM
1510
Empirical Asset Management
Massachusetts
-$166K -90,345 Closed
CFGS
1511
Concourse Financial Group Securities
Alabama
-$7.16M -88,096 Closed
OPWM
1512
Oakwell Private Wealth Management
Texas
-$7.58M -71,164 Closed
SSA
1513
Schonfeld Strategic Advisors
New York
-$4.61M -43,287 Closed
SWM
1514
Stark Wealth Management
Pennsylvania
-$3.01M -28,269 Closed
CFG
1515
Cosner Financial Group
Colorado
-$2.73M -25,654 Closed
TGAM
1516
TBH Global Asset Management
Tennessee
-$1.74M -16,366 Closed
SCM
1517
Saxony Capital Management
Missouri
-$1.66M -15,569 Closed
NCFG
1518
New Century Financial Group
New Jersey
-$1.64M -15,360 Closed
CCM
1519
Crabel Capital Management
California
-$1.61M -15,081 Closed
PPWP
1520
Proquility Private Wealth Partners
Nevada
-$1.59M -14,964 Closed
Walleye Trading
1521
Walleye Trading
New York
-$1.39M -13,000 Closed
WWA
1522
WCG Wealth Advisors
Nevada
-$1.31M -12,261 Closed
AIP
1523
Almanack Investment Partners
Pennsylvania
-$1.2M -11,302 Closed
SFG
1524
Sowa Financial Group
Rhode Island
-$1.12M -10,474 Closed
MA
1525
Mosaic Advisors
Texas
-$1.11M -10,418 Closed

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.