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PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU

170 hedge funds and large institutions have $784M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 75 increasing their positions, 48 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 48

40% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 15

29% more capital invested

Capital invested by funds: $609M → $784M (+$175M)

2% more funds holding

Funds holding: 166 → 170 (+4)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.88% less ownership

Funds ownership: 89.42% → 88.54% (-0.88%)

Holders
170
Holders Change
+4
Holders Change %
+2.41%
% of All Funds
2.24%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
21
Increased
75
Reduced
48
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$117M
2
JP Morgan Chase
JP Morgan Chase
New York
+$24.6M
3
SFGP
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
+$21.7M
4
SWP
Sagespring Wealth Partners
Tennessee
+$16.6M
5
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$7.61M

Top Sellers

Rank Fund Capital Flow
1
DWM
Dynasty Wealth Management
Florida
-$21.7M
2
Cerity Partners
Cerity Partners
New York
-$8.67M
3
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$8.05M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$4.24M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
76
Kestra Advisory Services
Texas
$1.07M -$38.7K -776 -4%
BCI
77
Brinker Capital Investments
Pennsylvania
$1.06M -$517K -10,376 -33%
FGWP
78
Founders Grove Wealth Partners
Virginia
$1.01M – – –
FFA
79
Farther Finance Advisors
California
$1M +$51.9K +1,041 +5%
OWA
80
Oak Wealth Advisors
Illinois
$834K – – –
EH
81
Equitable Holdings
New York
$826K +$140K +2,806 +21%
GRP
82
Global Retirement Partners
California
$819K +$814K +16,325 New
SWP
83
Stratos Wealth Partners
Ohio
$759K +$755K +15,138 New
GSWM
84
Golden State Wealth Management
California
$754K +$38.9K +781 +5%
Mercer Global Advisors
85
Mercer Global Advisors
Colorado
$735K – – –
KCIC
86
Kuhn & Co Investment Counsel
Illinois
$727K +$44.5K +892 +7%
LKBC
87
L.K. Benson & Company
Maryland
$704K +$1.84K +37 +0.3%
FAIM
88
Financial Advocates Investment Management
Washington
$699K +$465K +9,321 +202%
TAM
89
Titleist Asset Management
Texas
$696K +$171K +3,433 +33%
Susquehanna International Group
90
Susquehanna International Group
Pennsylvania
$691K +$7.28K +146 +1%
SRC
91
Sage Rhino Capital
California
$681K -$159K -3,188 -19%
BHWM
92
Beaird Harris Wealth Management
Texas
$672K +$195K +3,915 +41%
BFC
93
Bedel Financial Consulting
Indiana
$661K – – –
TCWM
94
Total Clarity Wealth Management
Illinois
$647K -$155K -3,114 -19%
AF
95
Advisornet Financial
Minnesota
$640K -$61.9K -1,241 -9%
KA
96
Kooman & Associates
Pennsylvania
$627K -$70K -1,404 -10%
Northwestern Mutual Wealth Management
97
Northwestern Mutual Wealth Management
Wisconsin
$624K +$182K +3,660 +42%
SO
98
Sierra Ocean
California
$624K +$31.3K +628 +5%
SFC
99
Summit Financial Consulting
Michigan
$598K +$50.7K +1,017 +9%
CGH
100
Crossmark Global Holdings
Texas
$595K -$112K -2,243 -16%
2 3
4
5 6

SMMU Hedge Fund Activity: Q2 2025 in Review

170 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q2 2025, worth a combined $784M — up 29% from $609M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new SMMU positions and 15 closed out — a net gain of 6 holders — while 75 added to existing stakes and 48 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $117M. The largest seller was Dynasty Wealth Management, exiting entirely with an estimated $21.7M sold.

  • 170 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q2 2025, up from 166 in Q1 2025.
  • Funds reported $784M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q2 2025, up 29% quarter-over-quarter.
  • 21 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q2 2025 and 15 closed out, a net change of +6 holders.
  • The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q2 2025 was Morgan Stanley, an estimated $117M added.
  • The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q2 2025 was Dynasty Wealth Management, an estimated $21.7M sold.

Based on aggregated 13F filings for Q2 2025.