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Schwab Municipal Bond ETF
SCMB

167 hedge funds and large institutions have $2.7B invested in Schwab Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 70 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 14

119% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 32

32% more capital invested

Capital invested by funds: $2.05B → $2.7B (+$648M)

11% more funds holding

Funds holding: 151 → 167 (+16)

0.4% more ownership

Funds ownership: 75.83% → 76.22% (+0.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
167
Holders Change
+16
Holders Change %
+10.6%
% of All Funds
2.06%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
35
Increased
70
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$551M
2
Jones Financial Companies
Jones Financial Companies
Missouri
+$22.6M
3
Jane Street
Jane Street
New York
+$22.4M
4
Creative Planning
Creative Planning
Kansas
+$18.3M
5
Charles Schwab
Charles Schwab
California
+$17.8M

Top Sellers

1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$4.18M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.72M
3
FPCP
Fort Point Capital Partners
California
-$1.5M
4
VAF
Values Added Financial
District of Columbia
-$1.27M
5
PCA
Pallas Capital Advisors
Massachusetts
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
AssetMark Inc
151
AssetMark Inc
California
$26.3K +$7.57K +293 +40%
Wells Fargo
152
Wells Fargo
California
$21.6K -$87.9K -3,399 -80%
Bank of Montreal
153
Bank of Montreal
Ontario, Canada
$19.1K +$19.4K +749 New
BTI
154
Blue Trust Inc
Georgia
$18.5K +$18.8K +728 New
CFO
155
CVA Family Office
Colorado
$17.8K – – –
FCAS
156
First Command Advisory Services
Texas
$11.6K – – –
UBS Group
157
UBS Group
Switzerland
$7.31K +$7.42K +287 New
GCM
158
Gunpowder Capital Management
Maryland
$3.98K – – –
UBS AM
159
UBS AM
Illinois
$3.41K +$3.46K +134 New
Rockefeller Capital Management
160
Rockefeller Capital Management
New York
$2.83K +$2.87K +111 New
FPF
161
First Pacific Financial
Washington
$1.94K +$1.96K +76 New
VAI
162
Vanguard Advisers Inc
Pennsylvania
$1.25K +$1.27K +49 New
EWA
163
EverSource Wealth Advisors
Alabama
$692 +$698 +27 New
BT
164
Banque Transatlantique
France
$510 +$517 +20 New
FFA
165
Frazier Financial Advisors
Ohio
$386 – – –
MCA
166
McGuire Capital Advisors
Oklahoma
$178 – – –
AC
167
AlphaCore Capital
California
$25 -$12.6K -488 -100%
VAF
168
Values Added Financial
District of Columbia
– -$1.27M -49,293 Closed
EC
169
Elequin Capital
New York
– -$916K -35,552 Closed
MAS
170
Meeder Advisory Services
Ohio
– -$803K -31,160 Closed
SF
171
Summit Financial
New Jersey
– -$803K -31,160 Closed
Goldman Sachs
172
Goldman Sachs
New York
– -$402K -15,609 Closed
MCA
173
MSH Capital Advisors
Arizona
– -$357K -13,876 Closed
BCI
174
Brinker Capital Investments
Pennsylvania
– -$308K -11,939 Closed
CB
175
Commerce Bank
Missouri
– -$292K -11,340 Closed
4 5 6
7
8

SCMB Hedge Fund Activity: Q1 2026 in Review

167 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Schwab Municipal Bond ETF (SCMB) for Q1 2026, worth a combined $2.7B — up 32% from $2.05B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new SCMB positions and 14 closed out — a net gain of 21 holders — while 70 added to existing stakes and 32 trimmed.

The largest buyer was Bank of America, adding an estimated $551M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $4.18M.

  • 167 institutional investors held Schwab Municipal Bond ETF (SCMB) as of Q1 2026, up from 151 in Q4 2025.
  • Funds reported $2.7B of Schwab Municipal Bond ETF stock for Q1 2026, up 32% quarter-over-quarter.
  • 35 funds opened new Schwab Municipal Bond ETF positions in Q1 2026 and 14 closed out, a net change of +21 holders.
  • The largest Schwab Municipal Bond ETF buyer in Q1 2026 was Bank of America, an estimated $551M added.
  • The largest Schwab Municipal Bond ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $4.18M sold.

Based on aggregated 13F filings for Q1 2026.