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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
QP
1576
Quartz Partners
New York
-$512K -4,853 Closed
WG
1577
Wealth Group
North Carolina
-$499K -4,731 Closed
CCMG
1578
Clark Capital Management Group
Pennsylvania
-$477K -4,520 Closed
NL
1579
Navalign LLC
California
-$470K -4,459 Closed
MLM
1580
Mount Lucas Management
Pennsylvania
-$461K -4,373 Closed
LW
1581
Linscomb Wealth
Texas
-$438K -4,152 Closed
CAG
1582
Curtis Advisory Group
California
-$418K -3,967 Closed
RFP
1583
Root Financial Partners
California
-$418K -3,947 Closed
WCF
1584
West Coast Financial
California
-$410K -3,887 Closed
DWA
1585
Delta Wealth Advisors
Indiana
-$378K -3,588 Closed
PCM
1586
Prelude Capital Management
New York
-$376K -3,570 Closed
BWG
1587
Beta Wealth Group
California
-$373K -3,540 Closed
CAM
1588
Cozad Asset Management
Illinois
-$354K -3,355 Closed
D
1589
Dentgroup
Louisiana
-$347K -3,292 Closed
TI
1590
Tidal Investments
Wisconsin
-$345K -3,280 Closed
CWC
1591
Carolinas Wealth Consulting
North Carolina
-$333K -3,160 Closed
RF
1592
RHS Financial
California
-$330K -3,129 Closed
EF
1593
Elite Financial
Idaho
-$321K -3,046 Closed
VP
1594
Verum Partners
North Carolina
-$311K -2,950 Closed
MAV
1595
Mason & Associates (Virginia)
Virginia
-$304K -2,885 Closed
KA
1596
Kovack Advisors
Florida
-$296K -2,808 Closed
AFO
1597
Allie Family Office
Florida
-$268K -2,545 Closed
IAS
1598
Insigneo Advisory Services
Florida
-$259K -2,460 Closed
VIA
1599
Vickerman Investment Advisors
Washington
-$253K -2,400 Closed
PDL
1600
Portfolio Design Labs
California
-$251K -2,382 Closed

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.