We are live on ! Find out more
SHM icon

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

392 hedge funds and large institutions have $3.16B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 113 increasing their positions, 179 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.33% less ownership

Funds ownership: 93.06% → 92.73% (-0.33%)

1% less capital invested

Capital invested by funds: $3.18B → $3.16B (-$17.5M)

4% less funds holding

Funds holding: 408 → 392 (-16)

32% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 41

37% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 179

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
392
Holders Change
-16
Holders Change %
-3.92%
% of All Funds
5.16%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
28
Increased
113
Reduced
179
Closed
41
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CI
CX Institutional
Indiana
+$69.2M
2
HighTower Advisors
HighTower Advisors
Illinois
+$14.2M
3
KIM
Karpus Investment Management
New York
+$9.36M
4
PWS
Precision Wealth Strategies
Missouri
+$5.17M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.81M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$17.4M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$13.5M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$12.8M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$10.9M
5
Wells Fargo
Wells Fargo
California
-$8.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
NA
176
NewEdge Advisors
Louisiana
$851K +$108K +2,280 +15%
SPIA
177
Steward Partners Investment Advisory
New York
$850K +$113K +2,377 +15%
MG
178
Mather Group
Illinois
$848K -$373K -7,864 -31%
APP
179
Avantax Planning Partners
Iowa
$842K -$205K -4,322 -20%
AAP
180
Arax Advisory Partners
Colorado
$825K +$389K +8,211 +91%
CFP
181
Cypress Financial Planning
New Jersey
$813K +$49.9K +1,052 +7%
WIC
182
Whitegate Investment Counselors
New Hampshire
$812K -$306K -6,445 -28%
CA
183
Clearstead Advisors
Ohio
$808K +$30.5K +643 +4%
IWM
184
IHT Wealth Management
Illinois
$801K +$21.5K +453 +3%
PC
185
Prairiewood Capital
North Dakota
$796K +$2.37K +50 +0.3%
Cambridge Investment Research Advisors
186
Cambridge Investment Research Advisors
Iowa
$774K +$31.6K +667 +4%
ITB
187
Idaho Trust Bank
Idaho
$769K -$56.5K -1,191 -7%
Millennium Management
188
Millennium Management
New York
$756K +$521K +10,986 +228%
CWA
189
Canvas Wealth Advisors
Kansas
$751K +$14.5K +306 +2%
MFIM
190
Mesirow Financial Investment Management
Illinois
$751K +$2.42K +51 +0.3%
MSFS
191
Main Street Financial Solutions
Pennsylvania
$742K +$47.5K +1,001 +7%
BWM
192
Brown Wealth Management
Illinois
$733K -$233K -4,919 -24%
AEPWM
193
Atlantic Edge Private Wealth Management
Florida
$730K -$126K -2,650 -15%
1IA
194
1834 Investment Advisors
Wisconsin
$717K -$180K -3,795 -20%
NAS
195
Nicolet Advisory Services
Wisconsin
$717K -$75.8K -1,598 -10%
AC
196
Anson Capital
Georgia
$715K -$3.79K -80 -0.5%
SB
197
Sunflower Bank
Texas
$710K -$39.3K -828 -5%
PA
198
PFW Advisors
Georgia
$706K -$310K -6,539 -31%
MI
199
Moneywise Inc
Virginia
$702K -$108K -2,270 -13%
BWM
200
BCS Wealth Management
Tennessee
$701K -$16.3K -344 -2%
6 7
8
9 10

SHM Hedge Fund Activity: Q2 2025 in Review

392 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2025, worth a combined $3.16B — down 0.55% from $3.18B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of SHM and 28 opened new positions — a net loss of 13 holders — while 179 trimmed existing stakes and 113 added.

The largest buyer was CX Institutional, adding an estimated $69.2M. The largest seller was United Capital Financial Advisors, cutting an estimated $17.4M.

  • 392 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2025, down from 408 in Q1 2025.
  • Funds reported $3.16B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2025, down 0.55% quarter-over-quarter.
  • 28 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2025 and 41 closed out, a net change of -13 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2025 was CX Institutional, an estimated $69.2M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2025 was United Capital Financial Advisors, an estimated $17.4M sold.

Based on aggregated 13F filings for Q2 2025.