iShares Short-Term National Muni Bond ETF
839 hedge funds and large institutions have $7.83B invested in iShares Short-Term National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 321 increasing their positions, 309 reducing their positions, and 53 closing their positions.
43% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 53
26% more capital inflows, than outflows
Capital inflows: $603M | Capital outflows: $477M
4% more repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 309
0% more funds holding
Funds holding: 836 → 839 (+3)
0.49% less ownership
Funds ownership: 89.78% → 89.29% (-0.49%)
14% less funds holding in top 10
Funds holding in top 10: 28 → 24 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
+$147M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$41.2M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
+$33.9M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$20.4M |
| 5 |
Ascent Group
Virginia Beach,
Virginia
|
+$19.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$103M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$80M |
| 3 |
Bank of New York Mellon
New York
|
-$32.8M |
| 4 |
Morgan Stanley
New York
|
-$21.1M |
| 5 |
Essential Planning
Portsmouth,
New Hampshire
|
-$17.7M |
SUB Hedge Fund Activity: Q1 2025 in Review
839 of the 7,489 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 $7.83B — up 0.99% from $7.76B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new SUB positions and 53 closed out — a net gain of 23 holders — while 321 added to existing stakes and 309 trimmed.
The largest buyer was TIAA Trust, National Association, adding an estimated $147M. The largest seller was Envestnet Asset Management, cutting an estimated $103M.
- 839 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q1 2025, up from 836 in Q4 2024.
- Funds reported $7.83B of iShares Short-Term National Muni Bond ETF stock for Q1 2025, up 0.99% quarter-over-quarter.
- 76 funds opened new iShares Short-Term National Muni Bond ETF positions in Q1 2025 and 53 closed out, a net change of +23 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.