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iShares Short-Term National Muni Bond ETF

847 hedge funds and large institutions have $8.72B invested in iShares Short-Term National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 84 funds opening new positions, 355 increasing their positions, 274 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 62

30% more repeat investments, than reductions

Existing positions increased: 355 | Existing positions reduced: 274

12% more capital invested

Capital invested by funds: $7.81B → $8.72B (+$905M)

9% more funds holding in top 10

Funds holding in top 10: 2325 (+2)

2% more funds holding

Funds holding: 833847 (+14)

1.41% less ownership

Funds ownership: 89.08%87.67% (-1.4%)

Holders
847
Holders Change
+14
Holders Change %
+1.68%
% of All Funds
11.15%
Holding in Top 10
25
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+8.7%
% of All Funds
0.33%
New
84
Increased
355
Reduced
274
Closed
62
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$55.9M +$15.5M +146,477 +39%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$55.5M +$2.75M +26,001 +5%
Focus Partners Wealth
28
Focus Partners Wealth
Massachusetts
$55.1M +$658K +6,233 +1%
Renaissance Technologies
29
Renaissance Technologies
New York
$52.5M +$17.3M +163,800 +50%
HIG
30
Heritage Investment Group
Florida
$51.7M +$2.16M +20,465 +4%
WL
31
WIT LLC
District of Columbia
$44.5M +$44.2M +418,588 New
Cerity Partners
32
Cerity Partners
New York
$43.7M -$487K -4,606 -1%
CAG
33
Crestwood Advisors Group
Massachusetts
$42.3M +$37M +349,936 +731%
Wells Fargo
34
Wells Fargo
California
$41.1M -$1.77M -16,718 -4%
TI
35
Truepoint Inc
Ohio
$40.6M -$1.19M -11,294 -3%
WCWM
36
Willow Creek Wealth Management
California
$40.5M +$1.96M +18,550 +5%
Stifel Financial
37
Stifel Financial
Missouri
$36.8M +$3.07M +29,066 +9%
CIBC Private Wealth Group
38
CIBC Private Wealth Group
Georgia
$35.4M +$12.9M +121,760 +58%
AC
39
Apella Capital
Connecticut
$35.3M +$1.89M +17,871 +6%
ONB
40
Old National Bancorp
Indiana
$33M +$1.16M +10,973 +4%
DCM
41
DGS Capital Management
New Jersey
$32.4M +$495K +4,689 +2%
BCI
42
Brinker Capital Investments
Pennsylvania
$32.1M +$1.23M +11,633 +4%
BPA
43
Beacon Pointe Advisors
California
$31.8M +$2.47M +23,401 +8%
Osaic Holdings
44
Osaic Holdings
Arizona
$29.7M +$3.31M +31,344 +13%
WJA
45
Willis Johnson & Associates
Texas
$29.6M +$621K +5,878 +2%
Rockefeller Capital Management
46
Rockefeller Capital Management
New York
$28.7M +$2.92M +27,654 +11%
Goldman Sachs
47
Goldman Sachs
New York
$28.4M +$2.55M +24,180 +10%
CFG
48
Citizens Financial Group
Rhode Island
$28.1M -$44.8K -424 -0.2%
RWB
49
RMR Wealth Builders
New Jersey
$27.1M +$1.66M +15,681 +7%
RWM
50
Ritholtz Wealth Management
New York
$27M +$554K +5,245 +2%

SUB Hedge Fund Activity: Q2 2025 in Review

847 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q2 2025, worth a combined $8.72B — up 12% from $7.81B a quarter earlier.

Buyers outnumbered sellers: 84 funds opened new SUB positions and 62 closed out — a net gain of 22 holders — while 355 added to existing stakes and 274 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $324M. The largest seller was Ellevest Inc, cutting an estimated $39.4M.

  • 847 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q2 2025, up from 833 in Q1 2025.
  • Funds reported $8.72B of iShares Short-Term National Muni Bond ETF stock for Q2 2025, up 12% quarter-over-quarter.
  • 84 funds opened new iShares Short-Term National Muni Bond ETF positions in Q2 2025 and 62 closed out, a net change of +22 holders.
  • The largest iShares Short-Term National Muni Bond ETF buyer in Q2 2025 was Morgan Stanley, an estimated $324M added.
  • The largest iShares Short-Term National Muni Bond ETF seller in Q2 2025 was Ellevest Inc, an estimated $39.4M sold.

Based on aggregated 13F filings for Q2 2025.