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
TFP
1601
Traction Financial Partners
Wyoming
-$250K -2,369 Closed
SFS
1602
Sharp Financial Services
Pennsylvania
-$245K -2,325 Closed
HA
1603
Hofer & Associates
California
-$230K -2,177 Closed
ACA
1604
Affinity Capital Advisors
California
-$216K -2,115 Closed
EFA
1605
Edge Financial Advisors
Illinois
-$222K -2,103 Closed
PPC
1606
Pennington Partners & Co
Maryland
-$220K -2,084 Closed
RMDI
1607
R.M. Davis Inc
Maine
-$214K -2,025 Closed
NP
1608
NorthRock Partners
Minnesota
-$213K -2,024 Closed
GBWM
1609
Granite Bay Wealth Management
New Hampshire
-$211K -2,000 Closed
CCM
1610
Canal Capital Management
Virginia
-$210K -1,993 Closed
WHG
1611
Westwood Holdings Group
Texas
-$208K -1,975 Closed
HFP
1612
Holistic Financial Partners
Indiana
-$206K -1,958 Closed
TWA
1613
TCI Wealth Advisors
Arizona
-$206K -1,951 Closed
RWM
1614
RKL Wealth Management
Pennsylvania
-$205K -1,943 Closed
SL
1615
Sentinus LLC
Illinois
-$205K -1,943 Closed
SCM
1616
Stonehearth Capital Management
Massachusetts
-$204K -1,938 Closed
TDWM
1617
Topel & Distasi Wealth Management
California
-$204K -1,935 Closed
MPPLM
1618
Midwest Professional Planners Ltd (MPPL)
Wisconsin
-$200K -1,897 Closed
SMA
1619
Sage Mountain Advisors
Georgia
-$152K -1,441 Closed
MSG
1620
Main Street Group
Virginia
-$86.8K -823 Closed
TWD
1621
True Wealth Design
Ohio
-$82.7K -784 Closed
CWM
1622
Compass Wealth Management
Connecticut
-$81.6K -774 Closed
OWA
1623
Opal Wealth Advisors
New York
-$65.4K -620 Closed
WT
1624
Washington Trust
Rhode Island
-$52.3K -496 Closed
CI
1625
Cordant Inc
Oregon
-$49.1K -466 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.