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Schwab Municipal Bond ETF
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86 hedge funds and large institutions have $257M invested in Schwab Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 15 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 15

44% more capital invested

Capital invested by funds: $179M → $257M (+$78.3M)

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

5.84% more ownership

Funds ownership: 36.79% → 42.63% (+5.8%)

1% more funds holding

Funds holding: 85 → 86 (+1)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
86
Holders Change
+1
Holders Change %
+1.18%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
17
Increased
39
Reduced
15
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jones Financial Companies
Jones Financial Companies
Missouri
+$64.1M
2
PWM
Perigon Wealth Management
California
+$4.23M
3
PCA
Pallas Capital Advisors
Massachusetts
+$3.32M
4
Jane Street
Jane Street
New York
+$3.05M
5
UCFA
United Capital Financial Advisors
Texas
+$2.98M

Top Sellers

Rank Fund Capital Flow
1
CST
Charles Schwab Trust
Nevada
-$7.36M
2
FPCP
Fort Point Capital Partners
California
-$3.67M
3
CA
CGN Advisors
Kansas
-$1.85M
4
CSIA
Carl Stuart Investment Advisor
Texas
-$1.42M
5
SAG
SageView Advisory Group
California
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
IPA
26
Investment Planning Advisors
Georgia
$1.41M +$1.42M +55,467 New
Goldman Sachs
27
Goldman Sachs
New York
$1.25M +$1.26M +49,182 New
CBA
28
Coastal Bridge Advisors
Connecticut
$1.23M +$1.24M +48,528 New
JP Morgan Chase
29
JP Morgan Chase
New York
$1.23M +$491K +19,132 +65%
TFA
30
Trinity Financial Advisors
Ohio
$1.08M +$1.09M +42,319 New
DCM
31
Donaldson Capital Management
Indiana
$1.06M – – –
MML Investors Services
32
MML Investors Services
Massachusetts
$1M +$781K +30,450 +335%
Osaic Holdings
33
Osaic Holdings
Arizona
$987K +$569K +22,189 +133%
CAPTRUST Financial Advisors
34
CAPTRUST Financial Advisors
North Carolina
$982K +$29.8K +1,162 +3%
NFG
35
Northeast Financial Group
Pennsylvania
$978K -$683K -26,645 -41%
RCA
36
Resonant Capital Advisors
Wisconsin
$919K +$90K +3,510 +11%
Creative Planning
37
Creative Planning
Kansas
$902K +$912K +35,550 New
SAI
38
Savvy Advisors Inc
New York
$869K – – –
AF
39
Advisornet Financial
Minnesota
$815K – – –
KAS
40
Kestra Advisory Services
Texas
$754K +$154K +5,987 +25%
TWM
41
TSA Wealth Management
Texas
$721K -$3.46K -135 -0.5%
Natixis Advisors
42
Natixis Advisors
Massachusetts
$701K +$708K +27,622 New
FLPIM
43
F.L. Putnam Investment Management
Massachusetts
$675K – – –
Mercer Global Advisors
44
Mercer Global Advisors
Colorado
$654K +$1.1K +43 +0.2%
Susquehanna International Group
45
Susquehanna International Group
Pennsylvania
$645K +$652K +25,434 New
BFG
46
Berger Financial Group
Minnesota
$623K – – –
MCM
47
MAI Capital Management
Ohio
$619K +$11.7K +458 +2%
FCM
48
Family Capital Management
Michigan
$590K +$26.5K +1,034 +5%
RFP
49
Root Financial Partners
California
$575K +$201K +7,833 +53%
CFGSD
50
Compass Financial Group (South Dakota)
South Dakota
$571K +$77K +3,004 +15%
1
2
3 4

SCMB Hedge Fund Activity: Q1 2025 in Review

86 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Schwab Municipal Bond ETF (SCMB) for Q1 2025, worth a combined $257M — up 44% from $179M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new SCMB positions and 12 closed out — a net gain of 5 holders — while 39 added to existing stakes and 15 trimmed.

The largest buyer was Jones Financial Companies, adding an estimated $64.1M. The largest seller was Charles Schwab Trust, cutting an estimated $7.36M.

  • 86 institutional investors held Schwab Municipal Bond ETF (SCMB) as of Q1 2025, up from 85 in Q4 2024.
  • Funds reported $257M of Schwab Municipal Bond ETF stock for Q1 2025, up 44% quarter-over-quarter.
  • 17 funds opened new Schwab Municipal Bond ETF positions in Q1 2025 and 12 closed out, a net change of +5 holders.
  • The largest Schwab Municipal Bond ETF buyer in Q1 2025 was Jones Financial Companies, an estimated $64.1M added.
  • The largest Schwab Municipal Bond ETF seller in Q1 2025 was Charles Schwab Trust, an estimated $7.36M sold.

Based on aggregated 13F filings for Q1 2025.