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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
Bank of America
1
Bank of America
North Carolina
$769M +$20.8M +196,791 +3%
Mercer Global Advisors
2
Mercer Global Advisors
Colorado
$734M +$34.6M +327,197 +5%
Morgan Stanley
3
Morgan Stanley
New York
$677M +$324M +3,066,431 +93%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$585M +$24.4M +231,223 +4%
Bank of New York Mellon
5
Bank of New York Mellon
New York
$553M +$92M +870,595 +20%
TIAA Trust, National Association
6
TIAA Trust, National Association
North Carolina
$363M +$29.7M +281,169 +9%
SEI Investments
7
SEI Investments
Pennsylvania
$286M +$3.64M +34,474 +1%
Creative Planning
8
Creative Planning
Kansas
$280M +$7.47M +70,762 +3%
CAPTRUST Financial Advisors
9
CAPTRUST Financial Advisors
North Carolina
$151M +$10.4M +98,544 +7%
Citigroup
10
Citigroup
New York
$136M +$23.8M +225,615 +21%
Franklin Resources
11
Franklin Resources
California
$132M -$1.23M -11,681 -0.9%
Northwestern Mutual Wealth Management
12
Northwestern Mutual Wealth Management
Wisconsin
$123M +$16M +151,792 +15%
UBS Group
13
UBS Group
Switzerland
$120M -$14.6M -138,656 -11%
Ameriprise
14
Ameriprise
Minnesota
$105M +$1.61M +15,207 +2%
LPL Financial
15
LPL Financial
California
$103M +$12.7M +120,615 +14%
Mariner
16
Mariner
Kansas
$87M -$1.19M -11,279 -1%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$71.1M +$1.44M +13,672 +2%
Raymond James Financial
18
Raymond James Financial
Florida
$71.1M +$21.5M +203,987 +44%
JP Morgan Chase
19
JP Morgan Chase
New York
$66.8M -$15.4M -145,653 -19%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$65.2M -$5.42M -51,275 -8%
SL
21
Salomon & Ludwin
Virginia
$63.7M +$1.77M +16,773 +3%
AF
22
Allworth Financial
California
$62.2M +$618K +5,851 +1%
MMA
23
Miracle Mile Advisors
California
$60.6M +$1.11M +10,512 +2%
GC
24
Grimes & Company
Massachusetts
$58.2M +$57.3M +542,622 +10,879%
US Bancorp
25
US Bancorp
Minnesota
$57.9M +$157K +1,482 +0.3%

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.