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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
AWA
101
Aaron Wealth Advisors
Illinois
$9.42M -$1.06M -10,065 -10%
TPCW
102
TD Private Client Wealth
New York
$9.36M +$2.13M +20,200 +30%
CCWA
103
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$9.32M +$2.11M +19,967 +30%
LFG
104
Larson Financial Group
Missouri
$9.14M -$9.16M -86,705 -50%
MW
105
MBL Wealth
North Carolina
$9.06M -$134K -1,271 -1%
PGFC
106
Peapack-Gladstone Financial Corp
New Jersey
$8.9M +$2.36M +22,387 +36%
BA
107
BIP Alliance
Georgia
$8.87M -$142K -1,349 -2%
Jones Financial Companies
108
Jones Financial Companies
Missouri
$8.82M +$4.9M +46,376 +127%
QC
109
Quent Capital
New York
$8.72M -$1.23M -11,598 -12%
Citadel Advisors
110
Citadel Advisors
Florida
$8.67M +$8.61M +81,485 New
Jane Street
111
Jane Street
New York
$8.55M -$871K -8,241 -9%
PP
112
PDS Planning
Ohio
$8.51M +$1.43M +13,567 +20%
SAG
113
SageView Advisory Group
California
$8.46M +$98.4K +932 +1%
MWP
114
Meridian Wealth Partners
Pennsylvania
$8.42M +$323K +3,059 +4%
BCM
115
Brookstone Capital Management
Illinois
$8.29M +$513K +4,859 +7%
NFG
116
Northeast Financial Group
Pennsylvania
$8.02M +$1.27M +11,996 +19%
JWA
117
JFS Wealth Advisors
Pennsylvania
$8.01M +$2.36M +22,320 +42%
GT
118
Greenleaf Trust
Michigan
$7.97M -$3.17M -30,053 -29%
CCM
119
Condor Capital Management
New Jersey
$7.84M +$85.1K +806 +1%
Cambridge Investment Research Advisors
120
Cambridge Investment Research Advisors
Iowa
$7.78M +$2M +18,929 +35%
CCA
121
Clearwater Capital Advisors
Illinois
$7.77M +$204K +1,928 +3%
TRCT
122
Tower Research Capital (TRC)
New York
$7.73M +$7.67M +72,641 +908,013%
ST
123
Smithfield Trust
Pennsylvania
$7.64M +$226K +2,138 +3%
ZF
124
Zhang Financial
Michigan
$7.54M -$33.5K -317 -0.4%
Deutsche Bank
125
Deutsche Bank
Germany
$7.54M +$4.22M +39,904 +129%

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.