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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
SPP
201
Single Point Partners
Massachusetts
$15.9M -$2.64M -24,851 -14%
OWA
202
One Wealth Advisors
California
$15.2M -$3.22M -30,274 -17%
OMC
203
Old Mission Capital
Illinois
$15.1M +$15.2M +143,066 New
DPI
204
Diversified Portfolios Inc
Michigan
$14.9M -$1.74M -16,336 -10%
CAM
205
Cresset Asset Management
Illinois
$14.8M -$6.58M -61,862 -31%
FFBTD
206
First Financial Bank - Trust Division
Ohio
$14.8M -$5.11M -48,090 -26%
BDF
207
Black Diamond Financial
Maryland
$14.7M +$4.02M +37,766 +37%
AG
208
AlTi Global
New York
$14.7M +$1.4M +13,136 +10%
CST
209
Charles Schwab Trust
Nevada
$14.6M +$8.63M +81,161 +141%
P
210
&Partners
Tennessee
$14.5M +$1.14M +10,677 +8%
GWM
211
Geneos Wealth Management
Colorado
$14.5M +$9.93M +93,389 +212%
BWM
212
Brown Wealth Management
Illinois
$14.5M -$1.75M -16,486 -11%
RCA
213
Resonant Capital Advisors
Wisconsin
$14.4M +$1.08M +10,111 +8%
KFG
214
Kingdom Financial Group
Arizona
$14.3M -$1.8M -16,912 -11%
BF
215
Brooklyn FI
New York
$14.1M +$1.58M +14,833 +13%
Janney Montgomery Scott
216
Janney Montgomery Scott
Pennsylvania
$13.8M -$43.2K -406 -0.3%
IAN
217
Integrated Advisors Network
Texas
$13.7M +$2.29M +21,509 +20%
MWAM
218
Manhattan West Asset Management
California
$13.7M +$2.47M +23,229 +22%
UF
219
Univest Financial
Pennsylvania
$13.7M +$2.52M +23,733 +22%
AIMC
220
Alley Investment Management Company
Illinois
$13.7M -$271K -2,547 -2%
RWP
221
Revolve Wealth Partners
New Jersey
$13.5M +$436K +4,097 +3%
ASN
222
Advisory Services Network
Georgia
$13.5M -$995K -9,352 -7%
GI
223
GAMMA Investing
California
$13.4M +$1.39M +13,101 +11%
FCH
224
Freestone Capital Holdings
Washington
$13.3M +$540K +5,078 +4%
CA
225
Clearstead Advisors
Ohio
$13.3M -$340K -3,195 -2%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.