Schwab Municipal Bond ETF
SCMB
169 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, 73 increasing their positions, 31 reducing their positions, and 14 closing their positions.
150% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 14
135% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 31
32% more capital invested
Capital invested by funds: $2.05B → $2.7B (+$649M)
12% more funds holding
Funds holding: 151 → 169 (+18)
0.43% more ownership
Funds ownership: 75.82% → 76.24% (+0.43%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$551M |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$22.6M |
| 3 |
Jane Street
New York
|
+$22.4M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$18.3M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$4.18M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.72M |
| 3 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$1.5M |
| 4 |
VAF
Values Added Financial
Washington,
District of Columbia
|
-$1.27M |
| 5 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
-$1.26M |
SCMB Hedge Fund Activity: Q1 2026 in Review
169 of the 8,187 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 73 added to existing stakes and 31 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.
- 169 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.