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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
EW
1526
Elyxium Wealth
California
-$966K -9,071 Closed
EWS
1527
Evergreen Wealth Solutions
Pennsylvania
-$886K -8,316 Closed
TFM
1528
TFC Financial Management
Massachusetts
-$881K -8,268 Closed
First Manhattan
1529
First Manhattan
New York
-$855K -8,029 Closed
GIA
1530
Goodwin Investment Advisory
Georgia
-$810K -7,601 Closed
AF
1531
Aldebaran Financial
-$810K -7,597 Closed
RA
1532
Ransom Advisory
Rhode Island
-$787K -7,384 Closed
BWMG
1533
Barnes Wealth Management Group
California
-$653K -6,130 Closed
FNA
1534
First National Advisers
Nebraska
-$577K -5,416 Closed
IWM
1535
Integris Wealth Management
California
-$574K -5,384 Closed
QPWM
1536
Quadrant Private Wealth Management
Pennsylvania
-$557K -5,231 Closed
BTWM
1537
Baker Tilly Wealth Management
Wisconsin
-$550K -5,159 Closed
JC
1538
JB Capital
Connecticut
-$533K -4,999 Closed
EWS
1539
Eagle Wealth Strategies
New Jersey
-$468K -4,397 Closed
FA
1540
Fiducient Advisors
Illinois
-$462K -4,338 Closed
FFP
1541
Frisco Financial Planning
Texas
-$448K -4,200 Closed
FFB
1542
First Financial Bankshares
Texas
-$443K -4,155 Closed
RP
1543
Riverwater Partners
Wisconsin
-$420K -3,942 Closed
EGM
1544
Engineers Gate Manager
New York
-$415K -3,897 Closed
GFA
1545
Gallagher Fiduciary Advisors
Illinois
-$402K -3,776 Closed
LIM
1546
Leavell Investment Management
Alabama
-$401K -3,760 Closed
LIA
1547
Lynx Investment Advisory
District of Columbia
-$385K -3,614 Closed
CPW
1548
Catalyst Private Wealth
California
-$380K -3,570 Closed
LAS
1549
LWM Advisory Services
Florida
-$365K -3,425 Closed
BHWM
1550
Bar Harbor Wealth Management
New Hampshire
-$343K -3,219 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.