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Schwab Municipal Bond ETF
SCMB

110 hedge funds and large institutions have $1.62B invested in Schwab Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 42 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

530% more capital invested

Capital invested by funds: $257M → $1.62B (+$1.36B)

240% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 10

91% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 22

36.78% more ownership

Funds ownership: 42.63% → 79.41% (+37%)

28% more funds holding

Funds holding: 86 → 110 (+24)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
110
Holders Change
+24
Holders Change %
+27.91%
% of All Funds
1.45%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
34
Increased
42
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Charles Schwab
Charles Schwab
California
+$1.29B
2
FPCP
Fort Point Capital Partners
California
+$14.8M
3
Jones Financial Companies
Jones Financial Companies
Missouri
+$9.3M
4
Jane Street
Jane Street
New York
+$7.71M
5
UCFA
United Capital Financial Advisors
Texas
+$7.21M

Top Sellers

Rank Fund Capital Flow
1
RWS
Rochester Wealth Strategies
Michigan
-$6.27M
2
WPC
Wedmont Private Capital
Pennsylvania
-$2.13M
3
Goldman Sachs
Goldman Sachs
New York
-$1.25M
4
TFA
Trinity Financial Advisors
Ohio
-$1.08M
5
RWP
RWA Wealth Partners
Massachusetts
-$962K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
76
Canal Capital Management
Virginia
$270K +$269K +10,723 New
BCI
77
Brinker Capital Investments
Pennsylvania
$269K +$268K +10,689 New
AAS
78
Asset Allocation Strategies
Michigan
$267K -$13K -517 -5%
BFC
79
Bedel Financial Consulting
Indiana
$265K +$14.1K +561 +6%
HighTower Advisors
80
HighTower Advisors
Illinois
$254K +$253K +10,083 New
SAG
81
SageView Advisory Group
California
$248K +$249K +9,940 New
BIM
82
Breakwater Investment Management
Washington
$245K +$244K +9,740 New
HI
83
Harbour Investments
Wisconsin
$233K +$117K +4,660 +101%
HWA
84
Heartwood Wealth Advisors
Virginia
$233K +$232K +9,243 New
BWP
85
Burling Wealth Partners
Illinois
$217K +$216K +8,625 New
FLPIM
86
F.L. Putnam Investment Management
Massachusetts
$210K -$458K -18,263 -69%
Mariner
87
Mariner
Kansas
$206K – – –
BCG
88
Breakwater Capital Group
New Jersey
$206K +$205K +8,194 New
HR
89
Howe & Rusling
New York
$206K +$205K +8,174 New
WPA
90
West Paces Advisors
Georgia
$167K -$99K -3,950 -37%
NSG
91
Nalls Sherbakoff Group
Tennessee
$154K +$153K +6,119 New
CIBC Private Wealth Group
92
CIBC Private Wealth Group
Georgia
$151K – – –
CFG
93
Chapman Financial Group
Hawaii
$146K +$145K +5,800 New
WP
94
WealthShield Partners
North Carolina
$144K – – –
AAS
95
Ameritas Advisory Services
Nebraska
$139K +$139K +5,530 New
Raymond James Financial
96
Raymond James Financial
Florida
$110K +$109K +4,368 New
CAL
97
Capital Analysts LLC
Pennsylvania
$98K +$27.1K +1,083 +39%
LFG
98
Larson Financial Group
Missouri
$95.9K +$70.2K +2,801 +278%
IA
99
IFP Advisors
Florida
$82.8K – – –
Northwestern Mutual Wealth Management
100
Northwestern Mutual Wealth Management
Wisconsin
$31.7K – – –
1 2 3
4
5

SCMB Hedge Fund Activity: Q2 2025 in Review

110 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Schwab Municipal Bond ETF (SCMB) for Q2 2025, worth a combined $1.62B — up 530% from $257M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new SCMB positions and 10 closed out — a net gain of 24 holders — while 42 added to existing stakes and 22 trimmed.

The largest buyer was Charles Schwab, adding an estimated $1.29B. The largest seller was Rochester Wealth Strategies, exiting entirely with an estimated $6.27M sold.

  • 110 institutional investors held Schwab Municipal Bond ETF (SCMB) as of Q2 2025, up from 86 in Q1 2025.
  • Funds reported $1.62B of Schwab Municipal Bond ETF stock for Q2 2025, up 530% quarter-over-quarter.
  • 34 funds opened new Schwab Municipal Bond ETF positions in Q2 2025 and 10 closed out, a net change of +24 holders.
  • The largest Schwab Municipal Bond ETF buyer in Q2 2025 was Charles Schwab, an estimated $1.29B added.
  • The largest Schwab Municipal Bond ETF seller in Q2 2025 was Rochester Wealth Strategies, an estimated $6.27M sold.

Based on aggregated 13F filings for Q2 2025.