PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
195 hedge funds and large institutions have $892M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2026 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 88 increasing their positions, 53 reducing their positions, and 13 closing their positions.
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
66% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 53
5% more funds holding
Funds holding: 185 → 195 (+10)
2% more capital invested
Capital invested by funds: $871M → $892M (+$21.5M)
4.6% less ownership
Funds ownership: 89.64% → 85.03% (-4.6%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.6M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$5.6M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$5.38M |
| 4 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$4.89M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$4.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$11.5M |
| 2 |
SWP
Sagespring Wealth Partners
Franklin,
Tennessee
|
-$10.5M |
| 3 |
JP Morgan Chase
New York
|
-$9.68M |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$8.68M |
| 5 |
JAWA
John A. Wolfe & Associates
Portage,
Michigan
|
-$6.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWA
201
Boulder Wealth Advisors
Boulder,
Colorado
| – | -$479K | -9,492 | Closed |
|
|
KF
202
Krilogy Financial
St. Louis,
Missouri
| – | -$300K | -5,922 | Closed |
|
|
MFS
203
Mattson Financial Services
Kentwood,
Michigan
| – | -$203K | -4,030 | Closed |
|
|
VWM
204
VCI Wealth Management
St Louis,
Missouri
| – | -$201K | -3,978 | Closed |
|
|
EWM
205
Evolution Wealth Management
Fort Myers,
Florida
| – | -$49.9K | -990 | Closed |
|
|
OC
206
Optima Capital
Beaverton,
Oregon
| – | -$45K | -891 | Closed |
|
|
OSAM
207
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$28.2K | -560 | Closed |
|
208
US Bancorp
Minneapolis,
Minnesota
| – | -$5.55K | -110 | Closed |
|
SMMU Hedge Fund Activity: Q1 2026 in Review
195 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q1 2026, worth a combined $892M — up 2.5% from $871M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SMMU positions and 13 closed out — a net gain of 14 holders — while 88 added to existing stakes and 53 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.6M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $11.5M.
- 195 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q1 2026, up from 185 in Q4 2025.
- Funds reported $892M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q1 2026, up 2.5% quarter-over-quarter.
- 27 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q1 2026 and 13 closed out, a net change of +14 holders.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q1 2026 was Morgan Stanley, an estimated $18.6M added.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2026.