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iShares Short-Term National Muni Bond ETF
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833 hedge funds and large institutions have $7.81B invested in iShares Short-Term National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 319 increasing their positions, 306 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 53

4% more repeat investments, than reductions

Existing positions increased: 319 | Existing positions reduced: 306

1% more capital invested

Capital invested by funds: $7.74B → $7.81B (+$79M)

0% more funds holding

Funds holding: 830 → 833 (+3)

0.46% less ownership

Funds ownership: 89.53% → 89.08% (-0.46%)

15% less funds holding in top 10

Funds holding in top 10: 27 → 23 (-4)

Holders
833
Holders Change
+3
Holders Change %
+0.36%
% of All Funds
11.17%
Holding in Top 10
23
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-14.81%
% of All Funds
0.31%
New
75
Increased
319
Reduced
306
Closed
53
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
+$147M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$41.2M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$33.9M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$20.4M
5
AG
Ascent Group
Virginia
+$19.7M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$103M
2
Bank of America
Bank of America
North Carolina
-$80M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$32.8M
4
Morgan Stanley
Morgan Stanley
New York
-$21.1M
5
EP
Essential Planning
New Hampshire
-$17.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
NWM
751
Northwest Wealth Management
Iowa
$202K – – –
SIC
752
Sterling Investment Counsel
New York
$202K – – –
FC
753
FCA Corp
Texas
$202K -$3.17K -30 -2%
CM
754
Columbus Macro
Pennsylvania
$201K -$1.06K -10 -0.5%
SS
755
Sunbelt Securities
Texas
$193K -$11.8K -112 -6%
CF
756
Collier Financial
Colorado
$192K -$7.61K -72 -4%
AWM
757
Accredited Wealth Management
Kentucky
$185K +$7.93K +75 +4%
CT
758
Clearstead Trust
Maine
$172K – – –
S
759
Sachetta
Massachusetts
$158K -$52.9K -500 -25%
PWAM
760
Private Wealth Asset Management
Iowa
$156K +$156K +1,475 New
GEA
761
Glen Eagle Advisors
New Jersey
$151K – – –
IBOK
762
Independence Bank of Kentucky
Kentucky
$150K +$46.5K +440 +45%
BCWM
763
Bartlett & Co Wealth Management
Ohio
$146K -$83.5K -790 -36%
BL
764
Balentine LLC
Georgia
$142K – – –
BBHC
765
Brown Brothers Harriman & Co
New York
$138K – – –
AEPWM
766
Atlantic Edge Private Wealth Management
Florida
$137K – – –
IF
767
Integrity Financial
Wyoming
$132K +$37.1K +351 +39%
GWSG
768
GPS Wealth Strategies Group
Colorado
$122K – – –
RF
769
Rossby Financial
Florida
$122K +$122K +1,155 New
RF
770
Robinswood Financial
Washington
$115K – – –
DF
771
Dunhill Financial
United Kingdom
$107K – – –
TWM
772
Topsail Wealth Management
North Carolina
$101K +$101K +960 New
AF
773
Aviso Financial
Ontario, Canada
$101K – – –
AAG
774
Armstrong Advisory Group
Massachusetts
$101K – – –
KHC
775
Koesten Hirschmann & Crabtree
Kansas
$90K +$16.6K +157 +23%
29 30
31
32 33

SUB Hedge Fund Activity: Q1 2025 in Review

833 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q1 2025, worth a combined $7.81B — up 1% from $7.74B a quarter earlier.

Buyers outnumbered sellers: 75 funds opened new SUB positions and 53 closed out — a net gain of 22 holders — while 319 added to existing stakes and 306 trimmed.

The largest buyer was TIAA Trust, National Association, adding an estimated $147M. The largest seller was Envestnet Asset Management, cutting an estimated $103M.

  • 833 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q1 2025, up from 830 in Q4 2024.
  • Funds reported $7.81B of iShares Short-Term National Muni Bond ETF stock for Q1 2025, up 1% quarter-over-quarter.
  • 75 funds opened new iShares Short-Term National Muni Bond ETF positions in Q1 2025 and 53 closed out, a net change of +22 holders.
  • The largest iShares Short-Term National Muni Bond ETF buyer in Q1 2025 was TIAA Trust, National Association, an estimated $147M added.
  • The largest iShares Short-Term National Muni Bond ETF seller in Q1 2025 was Envestnet Asset Management, an estimated $103M sold.

Based on aggregated 13F filings for Q1 2025.