iShares Short-Term National Muni Bond ETF
907 hedge funds and large institutions have $9.66B invested in iShares Short-Term National Muni Bond ETF in 2026 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 384 increasing their positions, 277 reducing their positions, and 46 closing their positions.
85% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 46
39% more repeat investments, than reductions
Existing positions increased: 384 | Existing positions reduced: 277
2% more funds holding
Funds holding: 887 → 907 (+20)
3% more capital invested
Capital invested by funds: $9.4B → $9.66B (+$258M)
1.36% less ownership
Funds ownership: 86.12% → 84.76% (-1.4%)
14% less funds holding in top 10
Funds holding in top 10: 29 → 25 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$132M |
| 2 |
Goldman Sachs
New York
|
+$58.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$32.3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$18M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Allstate Corporation
Northbrook,
Illinois
|
-$107M |
| 2 |
Morgan Stanley
New York
|
-$36.2M |
| 3 |
Bank of New York Mellon
New York
|
-$19.9M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$17.2M |
| 5 |
Jane Street
New York
|
-$10.3M |
SUB Hedge Fund Activity: Q2 2026 in Review
907 of the 8,268 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q2 2026, worth a combined $9.66B — up 2.7% from $9.4B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new SUB positions and 46 closed out — a net gain of 39 holders — while 384 added to existing stakes and 277 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $132M. The largest seller was Allstate Corporation, cutting an estimated $107M.
- 907 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q2 2026, up from 887 in Q1 2026.
- Funds reported $9.66B of iShares Short-Term National Muni Bond ETF stock for Q2 2026, up 2.7% quarter-over-quarter.
- 85 funds opened new iShares Short-Term National Muni Bond ETF positions in Q2 2026 and 46 closed out, a net change of +39 holders.
- The largest iShares Short-Term National Muni Bond ETF buyer in Q2 2026 was Mercer Global Advisors, an estimated $132M added.
- The largest iShares Short-Term National Muni Bond ETF seller in Q2 2026 was Allstate Corporation, an estimated $107M sold.
Based on aggregated 13F filings for Q2 2026.