State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
382 hedge funds and large institutions have $3.13B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 131 increasing their positions, 144 reducing their positions, and 28 closing their positions.
1% less capital invested
Capital invested by funds: $3.16B → $3.13B (-$34.1M)
9% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 144
2.46% less ownership
Funds ownership: 92.73% → 90.27% (-2.5%)
3% less funds holding
Funds holding: 392 → 382 (-10)
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$78.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$12.9M |
| 3 |
QC
Quent Capital
New York
|
+$10.9M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$6.96M |
| 5 |
AWA
Alaska Wealth Advisors
Anchorage,
Alaska
|
+$5.32M |
Top Sellers
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$100M |
| 2 |
CI
CX Institutional
Auburn,
Indiana
|
-$31.4M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$17.7M |
| 4 |
JP Morgan Chase
New York
|
-$6.51M |
| 5 |
Jane Street
New York
|
-$5.38M |
SHM Hedge Fund Activity: Q3 2025 in Review
382 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2025, worth a combined $3.13B — down 1.1% from $3.16B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SHM and 24 opened new positions — a net loss of 4 holders — while 144 trimmed existing stakes and 131 added.
The largest buyer was Bank of America, adding an estimated $78.7M. The largest seller was Envestnet Asset Management, cutting an estimated $100M.
- 382 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2025, down from 392 in Q2 2025.
- Funds reported $3.13B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2025, down 1.1% quarter-over-quarter.
- 24 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2025 and 28 closed out, a net change of -4 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2025 was Bank of America, an estimated $78.7M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2025 was Envestnet Asset Management, an estimated $100M sold.
Based on aggregated 13F filings for Q3 2025.