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iShares Short-Term National Muni Bond ETF
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883 hedge funds and large institutions have $9.39B invested in iShares Short-Term National Muni Bond ETF in 2026 Q1 according to their latest regulatory filings, with 81 funds opening new positions, 387 increasing their positions, 256 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 39

51% more repeat investments, than reductions

Existing positions increased: 387 | Existing positions reduced: 256

8% more capital invested

Capital invested by funds: $8.73B → $9.39B (+$664M)

4% more funds holding in top 10

Funds holding in top 10: 28 → 29 (+1)

2% more funds holding

Funds holding: 862 → 883 (+21)

1.76% more ownership

Funds ownership: 84.26% → 86.03% (+1.8%)

Holders
883
Holders Change
+21
Holders Change %
+2.44%
% of All Funds
10.87%
Holding in Top 10
29
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+3.57%
% of All Funds
0.36%
New
81
Increased
387
Reduced
256
Closed
39
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$236M
2
UBS Group
UBS Group
Switzerland
+$186M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$75.7M
4
UBS AM
UBS AM
Illinois
+$27.7M
5
BMC
Bear Mountain Capital
Washington
+$27.7M

Top Sellers

1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
-$130M
2
AC
Allstate Corporation
Illinois
-$53.5M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$22.9M
4
MMA
Miracle Mile Advisors
California
-$15.3M
5
Corient Private Wealth
Corient Private Wealth
Florida
-$9.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.12B +$236M +2,207,656 +27%
Mercer Global Advisors
2
Mercer Global Advisors
Colorado
$979M +$75.7M +707,341 +8%
Morgan Stanley
3
Morgan Stanley
New York
$630M +$26M +242,803 +4%
Bank of New York Mellon
4
Bank of New York Mellon
New York
$525M -$22.9M -213,833 -4%
UBS Group
5
UBS Group
Switzerland
$310M +$186M +1,735,648 +147%
Creative Planning
6
Creative Planning
Kansas
$309M +$9.78M +91,413 +3%
SEI Investments
7
SEI Investments
Pennsylvania
$305M +$6.67M +62,303 +2%
Northwestern Mutual Wealth Management
8
Northwestern Mutual Wealth Management
Wisconsin
$164M +$16.5M +154,190 +11%
Citigroup
9
Citigroup
New York
$155M +$6.55M +61,202 +4%
CAPTRUST Financial Advisors
10
CAPTRUST Financial Advisors
North Carolina
$138M +$4.74M +44,293 +4%
Franklin Resources
11
Franklin Resources
California
$136M +$1.17M +10,964 +0.9%
Ameriprise
12
Ameriprise
Minnesota
$112M +$2.39M +22,358 +2%
AC
13
Allstate Corporation
Illinois
$112M -$53.5M -500,160 -32%
LPL Financial
14
LPL Financial
California
$110M +$400K +3,734 +0.4%
Mariner
15
Mariner
Kansas
$94.1M +$1.06M +9,896 +1%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$91.7M +$17.9M +166,906 +24%
TCIIS
17
TIAA-CREF Individual & Institutional Services
New York
$87.1M +$87.5M +817,913 New
RAM
18
Robinhood Asset Management
California
$80.4M -$1.32M -12,368 -2%
SL
19
Salomon & Ludwin
Virginia
$76.3M +$5.12M +47,826 +7%
Nisa Investment Advisors
20
Nisa Investment Advisors
Missouri
$72.4M +$500K +4,675 +0.7%
Raymond James Financial
21
Raymond James Financial
Florida
$67.5M +$12M +112,522 +22%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$67.4M -$3.19M -29,843 -5%
JP Morgan Chase
23
JP Morgan Chase
New York
$64.3M -$3.97M -37,085 -6%
Focus Partners Wealth
24
Focus Partners Wealth
Massachusetts
$64M +$4.92M +45,926 +8%
AF
25
Allworth Financial
California
$63.5M -$453K -4,236 -0.7%
1
2 3 4 5

SUB Hedge Fund Activity: Q1 2026 in Review

883 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q1 2026, worth a combined $9.39B — up 7.6% from $8.73B a quarter earlier.

Buyers outnumbered sellers: 81 funds opened new SUB positions and 39 closed out — a net gain of 42 holders — while 387 added to existing stakes and 256 trimmed.

The largest buyer was Bank of America, adding an estimated $236M. The largest seller was TIAA Trust, National Association, cutting an estimated $130M.

  • 883 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q1 2026, up from 862 in Q4 2025.
  • Funds reported $9.39B of iShares Short-Term National Muni Bond ETF stock for Q1 2026, up 7.6% quarter-over-quarter.
  • 81 funds opened new iShares Short-Term National Muni Bond ETF positions in Q1 2026 and 39 closed out, a net change of +42 holders.
  • The largest iShares Short-Term National Muni Bond ETF buyer in Q1 2026 was Bank of America, an estimated $236M added.
  • The largest iShares Short-Term National Muni Bond ETF seller in Q1 2026 was TIAA Trust, National Association, an estimated $130M sold.

Based on aggregated 13F filings for Q1 2026.