iShares Short-Term National Muni Bond ETF
850 hedge funds and large institutions have $8.74B invested in iShares Short-Term National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 84 funds opening new positions, 357 increasing their positions, 275 reducing their positions, and 62 closing their positions.
35% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 62
30% more repeat investments, than reductions
Existing positions increased: 357 | Existing positions reduced: 275
12% more capital invested
Capital invested by funds: $7.83B → $8.74B (+$908M)
8% more funds holding in top 10
Funds holding in top 10: 24 → 26 (+2)
2% more funds holding
Funds holding: 836 → 850 (+14)
1.4% less ownership
Funds ownership: 89.29% → 87.89% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$324M |
| 2 |
Bank of New York Mellon
New York
|
+$92M |
| 3 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$57.3M |
| 4 |
WL
WIT LLC
District Of Columbia,
District of Columbia
|
+$44.2M |
| 5 |
CAG
Crestwood Advisors Group
Boston,
Massachusetts
|
+$37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
Ellevest Inc
New York
|
-$39.4M |
| 2 |
TC
TownSquare Capital
Provo,
Utah
|
-$17.4M |
| 3 |
JP Morgan Chase
New York
|
-$15.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$14.6M |
| 5 |
LFG
Larson Financial Group
St Louis,
Missouri
|
-$9.16M |
SUB Hedge Fund Activity: Q2 2025 in Review
850 of the 7,613 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 $8.74B — up 12% from $7.83B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new SUB positions and 62 closed out — a net gain of 22 holders — while 357 added to existing stakes and 275 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $324M. The largest seller was Ellevest Inc, cutting an estimated $39.4M.
- 850 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q2 2025, up from 836 in Q1 2025.
- Funds reported $8.74B 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.