State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
409 hedge funds and large institutions have $3.18B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 119 increasing their positions, 179 reducing their positions, and 29 closing their positions.
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
0% more funds holding
Funds holding: 407 → 409 (+2)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.48% less ownership
Funds ownership: 94.54% → 93.06% (-1.5%)
34% less repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 179
66% less capital inflows, than outflows
Capital inflows: $92.9M | Capital outflows: $273M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$15.1M |
| 2 |
Cercano Management
Bellevue,
Washington
|
+$15M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
+$8.02M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.98M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$41.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$32.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$32.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$29.6M |
| 5 |
Jane Street
New York
|
-$21.5M |
SHM Hedge Fund Activity: Q1 2025 in Review
409 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2025, worth a combined $3.18B — down 5.9% from $3.38B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new SHM positions and 29 closed out — a net gain of 7 holders — while 119 added to existing stakes and 179 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $15.1M. The largest seller was Commonwealth Equity Services, cutting an estimated $41.5M.
- 409 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2025, up from 407 in Q4 2024.
- Funds reported $3.18B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2025, down 5.9% quarter-over-quarter.
- 36 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2025 and 29 closed out, a net change of +7 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2025 was Goldman Sachs, an estimated $15.1M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2025 was Commonwealth Equity Services, an estimated $41.5M sold.
Based on aggregated 13F filings for Q1 2025.