Schwab Municipal Bond ETF
SCMB
151 hedge funds and large institutions have $2.05B invested in Schwab Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 75 increasing their positions, 20 reducing their positions, and 13 closing their positions.
275% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 20
169% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 13
17% more funds holding
Funds holding: 129 → 151 (+22)
9% more capital invested
Capital invested by funds: $1.88B → $2.05B (+$171M)
3.6% less ownership
Funds ownership: 79.42% → 75.82% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$149M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$8.97M |
| 3 |
Jones Financial Companies
Des Peres,
Missouri
|
+$8.39M |
| 4 |
CST
Charles Schwab Trust
Henderson,
Nevada
|
+$2.94M |
| 5 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$19.7M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.3M |
| 3 |
Jane Street
New York
|
-$6.56M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.39M |
| 5 |
Goldman Sachs
New York
|
-$2.74M |
SCMB Hedge Fund Activity: Q4 2025 in Review
151 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Schwab Municipal Bond ETF (SCMB) for Q4 2025, worth a combined $2.05B — up 9.1% from $1.88B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new SCMB positions and 13 closed out — a net gain of 22 holders — while 75 added to existing stakes and 20 trimmed.
The largest buyer was Charles Schwab, adding an estimated $149M. The largest seller was JP Morgan Chase, cutting an estimated $19.7M.
- 151 institutional investors held Schwab Municipal Bond ETF (SCMB) as of Q4 2025, up from 129 in Q3 2025.
- Funds reported $2.05B of Schwab Municipal Bond ETF stock for Q4 2025, up 9.1% quarter-over-quarter.
- 35 funds opened new Schwab Municipal Bond ETF positions in Q4 2025 and 13 closed out, a net change of +22 holders.
- The largest Schwab Municipal Bond ETF buyer in Q4 2025 was Charles Schwab, an estimated $149M added.
- The largest Schwab Municipal Bond ETF seller in Q4 2025 was JP Morgan Chase, an estimated $19.7M sold.
Based on aggregated 13F filings for Q4 2025.