State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
396 hedge funds and large institutions have $3.05B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 134 increasing their positions, 146 reducing their positions, and 21 closing their positions.
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0% less funds holding
Funds holding: 397 → 396 (-1)
0.96% less ownership
Funds ownership: 89.68% → 88.72% (-0.96%)
3% less capital invested
Capital invested by funds: $3.15B → $3.05B (-$103M)
8% less repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 146
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$43.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$38.3M |
| 3 |
QC
Quent Capital
New York
|
+$17.9M |
| 4 |
Jane Street
New York
|
+$11.1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$9.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$46.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$26.2M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$19.2M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$15M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$14M |
SHM Hedge Fund Activity: Q1 2026 in Review
396 of the 8,173 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2026, worth a combined $3.05B — down 3.3% from $3.15B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SHM positions and 21 closed out — a net gain of 10 holders — while 134 added to existing stakes and 146 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $43.1M. The largest seller was CLA (CliftonLarsonAllen) Wealth Advisors, cutting an estimated $46.8M.
- 396 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2026, down from 397 in Q4 2025.
- Funds reported $3.05B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2026, down 3.3% quarter-over-quarter.
- 31 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2026 and 21 closed out, a net change of +10 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2026 was Envestnet Asset Management, an estimated $43.1M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2026 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $46.8M sold.
Based on aggregated 13F filings for Q1 2026.