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iShares National Muni Bond ETF

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: 1,6291,629 (0)

6% less funds holding in top 10

Funds holding in top 10: 10195 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
CAM
151
Cresset Asset Management
Illinois
$24.5M +$674K +6,268 +3%
PMFA
152
Plante Moran Financial Advisors
Michigan
$24M -$1.22M -11,380 -5%
AWM
153
Avior Wealth Management
Nebraska
$23.4M -$3.53M -32,832 -13%
NA
154
NewEdge Advisors
Louisiana
$23.2M +$2.25M +20,880 +11%
IAA
155
Independent Advisor Alliance
North Carolina
$23M +$20.9M +194,443 +869%
AA
156
Alesco Advisors
New York
$22.9M +$2.23M +20,725 +11%
WPW
157
Waldron Private Wealth
Pennsylvania
$22.7M -$371K -3,452 -2%
MWM
158
Modera Wealth Management
New Jersey
$22.7M -$125K -1,163 -0.5%
SWP
159
Sagespring Wealth Partners
Tennessee
$22.7M -$3.33M -30,972 -13%
GI
160
GAMMA Investing
California
$22.7M +$3.76M +34,960 +20%
Pathstone Holdings
161
Pathstone Holdings
New Jersey
$22.6M -$570K -5,304 -2%
BSWM
162
Boston Standard Wealth Management
Massachusetts
$22.6M +$240K +2,228 +1%
FCH
163
Freestone Capital Holdings
Washington
$22.1M +$4.43M +41,238 +25%
RCA
164
Resonant Capital Advisors
Wisconsin
$22M +$1.74M +16,190 +8%
PWM
165
Perigon Wealth Management
California
$21.7M +$1.06M +9,887 +5%
FCBT
166
First Citizens Bank & Trust
North Carolina
$21.7M -$1.64M -15,256 -7%
BWM
167
Bernicke Wealth Management
Wisconsin
$21.5M +$337K +3,134 +2%
SC
168
Slow Capital
California
$21.4M -$130K -1,212 -0.6%
AC
169
Apella Capital
Connecticut
$20.9M +$1.42M +13,181 +7%
AAP
170
Arax Advisory Partners
Colorado
$20.8M -$2.4M -22,296 -10%
American Century Companies
171
American Century Companies
Missouri
$20.2M +$11M +101,900 +115%
Russell Investments Group
172
Russell Investments Group
United Kingdom
$20.1M +$7.1M +66,023 +54%
ACA
173
Aptus Capital Advisors
Alabama
$20M +$3.35M +31,161 +20%
CAAS
174
Capital Asset Advisory Services
Michigan
$19.9M +$373K +3,466 +2%
VC
175
Vicus Capital
Pennsylvania
$19.5M +$773K +7,189 +4%

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.