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iShares National Muni Bond ETF
MUB

1,629 hedge funds and large institutions have $37.8B invested in iShares National Muni Bond ETF in 2026 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 790 increasing their positions, 504 reducing their positions, and 90 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 790 | Existing positions reduced: 504

33% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 90

1.73% more ownership

Funds ownership: 86.94% → 88.67% (+1.7%)

5% more capital invested

Capital invested by funds: $36.1B → $37.8B (+$1.66B)

0% more funds holding

Funds holding: 1,629 → 1,629 (0)

6% less funds holding in top 10

Funds holding in top 10: 101 → 95 (-6)

56% less call options, than puts

Call options by funds: $131M | Put options by funds: $300M

Holders
1,629
Holders Change
–
Holders Change %
0%
% of All Funds
19.93%
Holding in Top 10
95
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-5.94%
% of All Funds
1.16%
New
120
Increased
790
Reduced
504
Closed
90
Calls
$131M
Puts
$300M
Net Calls
-$169M
Net Calls Change
-$151M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$557M
2
Bank of America
Bank of America
North Carolina
+$512M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$271M
4
PAS
Park Avenue Securities
New York
+$116M
5
Fisher Asset Management
Fisher Asset Management
Washington
+$94.9M

Top Sellers

Rank Fund Capital Flow
1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
-$587M
2
LP
LMR Partners
United Kingdom
-$161M
3
AC
Allstate Corporation
Illinois
-$138M
4
Corient Private Wealth
Corient Private Wealth
Florida
-$89.4M
5
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
-$62.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
HBS
1651
Howard Bailey Securities
Indiana
– -$2.33M -21,744 Closed
PSCM
1652
Per Stirling Capital Management
Texas
– -$2.26M -21,096 Closed
SC
1653
Sykon Capital
New York
– -$2.05M -19,179 Closed
JWCA
1654
J.W. Cole Advisors
Florida
– -$1.79M -19,080 Closed
MWM
1655
MY Wealth Management
Maryland
– -$1.84M -17,182 Closed
MFWM
1656
Motley Fool Wealth Management
Virginia
– -$1.54M -14,343 Closed
Point72 Asset Management
1657
Point72 Asset Management
Connecticut
– -$1.49M -13,917 Closed
Millennium Management
1658
Millennium Management
New York
– -$1.41M -13,163 Closed
SWM
1659
Scissortail Wealth Management
Oklahoma
– -$1.41M -13,150 Closed
HCM
1660
Howard Capital Management
Georgia
– -$1.21M -11,321 Closed
CWA
1661
Continuum Wealth Advisors
New York
– -$1.2M -11,208 Closed
KCM
1662
KM Capital Management
Texas
– -$1.19M -11,077 Closed
BOSSRA
1663
B.O.S.S. Retirement Advisors
Utah
– -$1.17M -10,933 Closed
Group One Trading
1664
Group One Trading
Illinois
– -$1.05M -9,825 Closed
CIC
1665
Chilton Investment Company
Connecticut
– -$1.02M -9,500 Closed
TA
1666
TFB Advisors
Kansas
– -$970K -9,057 Closed
FTUS
1667
Flow Traders U.S.
New York
– -$886K -8,274 Closed
HSA
1668
HBK Sorce Advisory
Pennsylvania
– -$817K -7,586 Closed
CA
1669
Capital Advantage
California
– -$776K -7,249 Closed
MWM
1670
MorganRosel Wealth Management
Colorado
– -$726K -6,782 Closed
EMC
1671
Everest Management Corp
California
– -$644K -6,015 Closed
JSA
1672
Jim Saulnier & Associates
Colorado
– -$624K -5,830 Closed
WA
1673
Wealthstar Advisors
Texas
– -$616K -5,754 Closed
SC
1674
Sapient Capital
Indiana
– -$615K -5,740 Closed
RBC
1675
Rye Brook Capital
Connecticut
– -$471K -4,400 Closed
65 66
67
68 69

MUB Hedge Fund Activity: Q1 2026 in Review

1,629 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2026, worth a combined $37.8B — up 4.6% from $36.1B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 90 closed out — a net gain of 30 holders — while 790 added to existing stakes and 504 trimmed.

The largest buyer was UBS Group, adding an estimated $557M. The largest seller was TIAA Trust, National Association, cutting an estimated $587M.

  • 1,629 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2026, unchanged from Q4 2025.
  • Funds reported $37.8B of iShares National Muni Bond ETF stock for Q1 2026, up 4.6% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2026 and 90 closed out, a net change of +30 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2026 was UBS Group, an estimated $557M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2026 was TIAA Trust, National Association, an estimated $587M sold.

Based on aggregated 13F filings for Q1 2026.