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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
EWM
151
Empirical Wealth Management
Washington
$5.43M -$305K -2,888 -5%
VAMG
152
Voisard Asset Management Group
Michigan
$5.4M -$1.99M -18,836 -27%
AssetMark Inc
153
AssetMark Inc
California
$5.35M +$4.04M +38,199 +315%
SFM
154
Signet Financial Management
New Jersey
$5.35M +$115K +1,091 +2%
RWM
155
Rockwood Wealth Management
Pennsylvania
$5.26M +$1.24M +11,692 +31%
WAP
156
Wealthcare Advisory Partners
Pennsylvania
$5.22M -$1.6M -15,164 -24%
KAS
157
Kestra Advisory Services
Texas
$5.22M +$528K +4,994 +11%
FPAS
158
Focus Partners Advisor Solutions
Missouri
$5.18M -$180K -1,703 -3%
AHC
159
Anderson Hoagland & Co
Missouri
$5.07M -$270K -2,555 -5%
PG
160
Patten Group
Tennessee
$5.04M -$371K -3,515 -7%
PNC Financial Services Group
161
PNC Financial Services Group
Pennsylvania
$4.98M -$809K -7,657 -14%
MFS
162
McNamara Financial Services
Massachusetts
$4.94M -$39.9K -378 -0.8%
PWMG
163
Private Wealth Management Group
New Jersey
$4.91M -$135K -1,278 -3%
FGWP
164
Founders Grove Wealth Partners
Virginia
$4.89M -$1.08M -10,207 -18%
Carson Wealth (CWM LLC)
165
Carson Wealth (CWM LLC)
Nebraska
$4.81M +$661K +6,259 +16%
PFS
166
Prospera Financial Services
Texas
$4.8M +$13.7K +130 +0.3%
FAT
167
First American Trust
California
$4.79M -$309K -2,928 -6%
PPW
168
Presilium Private Wealth
Pennsylvania
$4.78M +$475K +4,497 +11%
Fisher Asset Management
169
Fisher Asset Management
Washington
$4.75M +$4.72M +44,711 New
Truist Financial
170
Truist Financial
North Carolina
$4.69M +$378K +3,576 +9%
Luther King Capital Management (LKCM)
171
Luther King Capital Management (LKCM)
Texas
$4.67M
LA
172
Lindenwold Advisors
Pennsylvania
$4.64M -$86.7K -821 -2%
CCM
173
Coldstream Capital Management
Washington
$4.59M -$1.76M -16,640 -28%
ERIC
174
Eagle Rock Investment Company
Georgia
$4.58M -$580K -5,490 -11%
DW
175
Durante & Waters
New York
$4.55M -$8.45K -80 -0.2%

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.