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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
RWB
176
RMR Wealth Builders
New Jersey
$17.9M +$955K +9,186 +6%
SW
177
Simplicity Wealth
New Jersey
$17.9M +$7.44M +71,528 +72%
CST
178
Charles Schwab Trust
Nevada
$17.8M +$3.28M +31,590 +23%
APP
179
Avantax Planning Partners
Iowa
$17.8M -$14.2M -136,967 -45%
MFS
180
McNamara Financial Services
Massachusetts
$17.8M -$1.14M -10,949 -6%
WIA
181
World Investment Advisors
California
$17.7M +$47.1K +453 +0.3%
LGA
182
Lebenthal Global Advisors
New York
$17.3M -$922K -8,864 -5%
SC
183
Slow Capital
California
$17.3M -$2.73M -26,276 -14%
ACA
184
Aptus Capital Advisors
Alabama
$17.1M +$1.09M +10,529 +7%
AAP
185
Arax Advisory Partners
Colorado
$17M -$3.69M -35,486 -20%
SP
186
Symmetry Partners
Connecticut
$16.9M +$561K +5,400 +3%
AA
187
Alesco Advisors
New York
$16.7M -$1.2M -11,563 -7%
SP
188
Stairway Partners
Illinois
$16.5M +$240K +2,304 +1%
CCA
189
Clearwater Capital Advisors
Illinois
$16.4M -$1.16M -11,132 -7%
BF
190
Brooklyn FI
New York
$16.2M +$2.96M +28,453 +23%
SHF
191
Stage Harbor Financial
Massachusetts
$16.1M -$1.93M -18,524 -11%
FMLI
192
Fukoku Mutual Life Insurance
Japan
$16M
AWA
193
Alaska Wealth Advisors
Alaska
$15.6M -$1.37M -13,154 -8%
NSIM
194
North Star Investment Management
Illinois
$15.4M +$2.17M +20,877 +17%
PGFC
195
Peapack-Gladstone Financial Corp
New Jersey
$15.3M +$6.08M +58,477 +66%
COLIM
196
City of London Investment Management
United Kingdom
$15.2M +$7.38M +71,031 +96%
CTA
197
Chesley Taft & Associates
Illinois
$15.2M -$3.31M -31,880 -18%
RCA
198
Resonant Capital Advisors
Wisconsin
$15.1M +$802K +7,710 +6%
Lido Advisors
199
Lido Advisors
California
$14.5M -$3.43M -33,017 -19%
CI
200
CX Institutional
Indiana
$14.4M -$14.2M -136,892 -50%

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.