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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
PFM
176
Phillips Financial Management
Indiana
$4.42M -$517K -4,899 -11%
MFA
177
Mayflower Financial Advisors
Massachusetts
$4.36M -$347K -3,286 -7%
FCIM
178
Fairview Capital Investment Management
California
$4.35M -$106K -1,000 -2%
KPWS
179
Kestra Private Wealth Services
Texas
$4.3M -$8.36M -79,111 -66%
RFC
180
Regions Financial Corp
Alabama
$4.28M +$329K +3,111 +8%
VA
181
Valmark Advisers
Ohio
$4.21M +$83.7K +792 +2%
JIC
182
Joel Isaacson & Co
New York
$4.19M +$359K +3,395 +9%
BFG
183
Baron Financial Group
New Jersey
$4.17M -$70.2K -665 -2%
BW
184
BIP Wealth
Georgia
$4.15M +$1.37M +12,950 +50%
IWC
185
Integrated Wealth Concepts
Massachusetts
$4.07M +$98.8K +935 +3%
MWAM
186
Manhattan West Asset Management
California
$4.06M -$50K -473 -1%
IWMA
187
Ironwood Wealth Management (Arizona)
Arizona
$4.03M +$803K +7,599 +25%
MWC
188
MBM Wealth Consultants
Missouri
$4M +$131K +1,236 +3%
CFMC
189
Curbstone Financial Management Corp
New Hampshire
$4M +$143K +1,350 +4%
LFGO
190
Legacy Financial Group (Oklahoma)
Oklahoma
$4M -$516K -4,888 -12%
Natixis Advisors
191
Natixis Advisors
Massachusetts
$3.99M +$2.54M +24,011 +178%
SP
192
Symmetry Partners
Connecticut
$3.98M +$429K +4,059 +12%
BLC
193
Brown, Lisle/Cummings
Rhode Island
$3.96M
SA
194
Sanctuary Advisors
Indiana
$3.95M +$301K +2,847 +8%
PHWM
195
Pine Harbor Wealth Management
Maryland
$3.9M +$308K +2,916 +9%
KF
196
K2 Financial
California
$3.85M -$264K -2,502 -6%
MAM
197
Mullooly Asset Management
New Jersey
$3.85M -$135K -1,281 -3%
AWM
198
Apex Wealth Management
New Hampshire
$3.76M -$8.24K -78 -0.2%
ANTB
199
AMG National Trust Bank
Colorado
$3.73M +$8.03K +76 +0.2%
William Blair & Company
200
William Blair & Company
Illinois
$3.67M +$182K +1,721 +5%

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.