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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
EFG
726
Embree Financial Group
Illinois
$245K +$243K +2,303 New
BWM
727
BCS Wealth Management
Tennessee
$244K
SC
728
Sapient Capital
Indiana
$241K +$239K +2,264 New
WCFP
729
White & Co Financial Planning
Washington
$240K -$5.49K -52 -2%
Northern Trust
730
Northern Trust
Illinois
$239K -$100K -949 -30%
AWA
731
Arete Wealth Advisors
Illinois
$238K
WAG
732
Winthrop Advisory Group
Massachusetts
$237K +$236K +2,230 New
HWMG
733
Hurlow Wealth Management Group
Indiana
$235K +$233K +2,210 New
WAS
734
Wealth Advisory Solutions
Indiana
$234K +$233K +2,202 New
FFG
735
Fiduciary Financial Group
California
$234K
APC
736
Aspire Private Capital
North Carolina
$229K
PW
737
Pandora Wealth
Illinois
$229K
AL
738
Aspiriant LLC
California
$228K
EL
739
EWA LLC
Pennsylvania
$226K +$224K +2,121 New
GWMIA
740
Global Wealth Management Investment Advisory
Florida
$225K +$4.75K +45 +2%
GAM
741
Gemmer Asset Management
California
$222K +$1.27K +12 +0.6%
AWM
742
Accredited Wealth Management
Kentucky
$221K +$34.3K +325 +19%
MDCM
743
Morgan Dempsey Capital Management
Wisconsin
$221K +$220K +2,080 New
MSFS
744
Main Street Financial Solutions
Pennsylvania
$220K +$219K +2,073 New
First Trust Advisors
745
First Trust Advisors
Illinois
$217K -$2.11K -20 -1%
WDG
746
Wealth Dimensions Group
Ohio
$216K
HS
747
Horan Securities
United States
$216K +$1.16K +11 +0.5%
AWP
748
Astra Wealth Partners
New Jersey
$214K -$96.4K -913 -31%
PTP
749
Platform Technology Partners
New York
$214K +$212K +2,011 New
JFGIW
750
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$214K -$73.9K -700 -26%

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.