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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
IWM
676
Integris Wealth Management
California
$311K
AFP
677
Ausdal Financial Partners
Iowa
$310K +$37.1K +351 +14%
KA
678
Kovack Advisors
Florida
$310K
BS
679
Brighton Securities
New York
$309K +$528 +5 +0.2%
Brown Advisory
680
Brown Advisory
Maryland
$307K +$305K +2,884 New
SAF
681
Smith Anglin Financial
Texas
$305K -$4.44K -42 -1%
FCP
682
Fidelis Capital Partners
Florida
$304K -$384K -3,635 -56%
XT
683
XTX Topco
Cayman Islands
$302K +$66.5K +630 +29%
OSAM
684
O'Shaughnessy Asset Management
Connecticut
$291K +$1.37K +13 +0.5%
DAS
685
Diversify Advisory Services
Utah
$289K +$26.7K +253 +10%
SAM
686
Strive Asset Management
Ohio
$289K +$10.9K +103 +4%
IWM
687
IHT Wealth Management
Illinois
$289K -$253K -2,398 -47%
HBT
688
Hills Bank & Trust
Iowa
$287K
HNWA
689
Henrickson Nauta Wealth Advisors
Michigan
$286K -$5.07K -48 -2%
KW
690
Keyvantage Wealth
Pennsylvania
$286K -$66.3K -628 -19%
MCM
691
Mattern Capital Management
Colorado
$284K -$106 -1 -0%
FCT
692
First Community Trust
Iowa
$284K -$143K -1,350 -34%
SFS
693
Sowell Financial Services
Arkansas
$284K -$1.48K -14 -0.5%
IFPL
694
Investments & Financial Planning LLC
Kentucky
$283K -$43.1K -408 -13%
CFS
695
Coordinated Financial Services
Colorado
$283K +$1.58K +15 +0.6%
MFC
696
Morris Financial Concepts
South Carolina
$282K -$423 -4 -0.2%
EP
697
Essential Planning
New Hampshire
$281K
VWM
698
Venturi Wealth Management
Texas
$280K
Fifth Third Bancorp
699
Fifth Third Bancorp
Ohio
$276K
PWAM
700
Private Wealth Asset Management
Iowa
$276K +$119K +1,125 +76%

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.