We are live on ! Find out more
MUB icon

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
TPWA
1501
Twin Peaks Wealth Advisors
California
$10K +$9.98K +96 New
VWM
1502
Valley Wealth Managers
New Jersey
$9.93K -$2.5K -24 -20%
SWA
1503
SOA Wealth Advisors
New York
$9.09K +$9.04K +87 New
TH
1504
TCTC Holdings
Texas
$7.84K
CIAS
1505
CBIZ Investment Advisory Services
Ohio
$7.63K -$53.8K -517 -88%
QWM
1506
Quaker Wealth Management
New Jersey
$7.42K +$7.38K +71 New
WPA
1507
Wealth Preservation Advisors
Tennessee
$7.31K
NRC
1508
New Republic Capital
North Carolina
$6.37K +$1.98K +19 +45%
AA
1509
Ancora Advisors
Ohio
$5.85K -$55.5K -534 -91%
PWMG
1510
Prestige Wealth Management Group
New Jersey
$5.85K
MPW
1511
MASECO Private Wealth
$5.64K +$5.61K +54 New
TFA
1512
Transamerica Financial Advisors
Florida
$5.56K -$1.35K -13 -19%
BCMLT
1513
Beacon Capital Management LLC (Tennessee)
Tennessee
$5.33K +$1.14K +11 +28%
TAM
1514
Tucker Asset Management
Colorado
$5.12K +$5.09K +49 New
SAS
1515
Spurstone Advisory Services
Connecticut
$4.8K
RIL
1516
Rothschild Investment LLC
Illinois
$4.49K +$520 +5 +13%
PFA
1517
Pillar Financial Advisors
Kentucky
$3.45K
VWM
1518
Vermillion Wealth Management
Minnesota
$3.45K +$3.12K +30 +1,000%
IHWM
1519
Iron Horse Wealth Management
Iowa
$3.34K +$1.04K +10 +45%
MWA
1520
Moser Wealth Advisors
Washington
$3.13K +$104 +1 +3%
DF
1521
Dunhill Financial
United Kingdom
$2.92K
LI
1522
LRI Investments
Florida
$2.72K
HFM
1523
Hartford Financial Management
Connecticut
$2.61K -$69.1K -665 -96%
SFC
1524
SYM Financial Corp
Indiana
$2.61K +$2.6K +25 New
CAWM
1525
Capital A Wealth Management
Pennsylvania
$2.17K -$281K -2,698 -99%

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.