We are live on ! Find out more
TFI icon

State Street SPDR Nuveen ICE Municipal Bond ETF
TFI

308 hedge funds and large institutions have $2.82B invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 100 increasing their positions, 115 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

2.62% less ownership

Funds ownership: 87.34% → 84.72% (-2.6%)

5% less funds holding

Funds holding: 323 → 308 (-15)

12% less capital invested

Capital invested by funds: $3.23B → $2.82B (-$402M)

13% less repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 115

32% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 41

Holders
308
Holders Change
-15
Holders Change %
-4.64%
% of All Funds
4.13%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
28
Increased
100
Reduced
115
Closed
41
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$264M
2
Betterment LLC
Betterment LLC
New York
+$95.5M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$24.5M
4
EC
Elequin Capital
New York
+$15.8M
5
APW
Austin Private Wealth
Texas
+$14.5M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$443M
2
Bank of America
Bank of America
North Carolina
-$266M
3
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$61.4M
4
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
-$9.11M
5
Fisher Asset Management
Fisher Asset Management
Washington
-$7.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWMG
301
Prestige Wealth Management Group
New Jersey
$1.8K – – –
RFA
302
Reyes Financial Architecture
California
$1.62K – – –
CIA
303
Cape Investment Advisory
Georgia
$1.14K +$1.14K +25 New
PWM
304
Parkworth Wealth Management
California
$847 – – –
GWSA
305
Global Wealth Strategies & Associates
Colorado
$496 – – –
Russell Investments Group
306
Russell Investments Group
United Kingdom
$104 – – –
W
307
WealthCollab
Washington
$91 – – –
RWM
308
Ruedi Wealth Management
Illinois
$71 – – –
Susquehanna International Group
309
Susquehanna International Group
Pennsylvania
– -$5.82M -127,482 Closed
CFGS
310
Concourse Financial Group Securities
Alabama
– -$2.01M -44,176 Closed
SWA
311
Stratos Wealth Advisors
Ohio
– -$933K -20,453 Closed
STA
312
Summit Trail Advisors
New York
– -$828K -18,144 Closed
ACP
313
Aveo Capital Partners
Colorado
– -$775K -16,978 Closed
EGM
314
Engineers Gate Manager
New York
– -$601K -13,175 Closed
SSA
315
Schonfeld Strategic Advisors
New York
– -$485K -10,621 Closed
SC
316
Stephens Consulting
Michigan
– -$447K -9,788 Closed
CWM
317
Collaborative Wealth Management
Florida
– -$398K -8,721 Closed
Millennium Management
318
Millennium Management
New York
– -$368K -8,075 Closed
Thrivent Financial for Lutherans
319
Thrivent Financial for Lutherans
Minnesota
– -$355K -7,771 Closed
CP
320
Castleview Partners
Texas
– -$323K -7,074 Closed
OMC
321
Old Mission Capital
Illinois
– -$316K -6,934 Closed
Janney Montgomery Scott
322
Janney Montgomery Scott
Pennsylvania
– -$307K -6,719 Closed
Charles Schwab
323
Charles Schwab
California
– -$283K -6,204 Closed
SWM
324
Silverlake Wealth Management
Vermont
– -$256K -5,621 Closed
MFG
325
Merit Financial Group
Georgia
– -$241K -5,286 Closed
10 11 12
13
14

TFI Hedge Fund Activity: Q1 2025 in Review

308 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q1 2025, worth a combined $2.82B — down 12% from $3.23B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of TFI and 28 opened new positions — a net loss of 13 holders — while 115 trimmed existing stakes and 100 added.

The largest buyer was JP Morgan Chase, adding an estimated $264M. The largest seller was Morgan Stanley, cutting an estimated $443M.

  • 308 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q1 2025, down from 323 in Q4 2024.
  • Funds reported $2.82B of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q1 2025, down 12% quarter-over-quarter.
  • 28 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q1 2025 and 41 closed out, a net change of -13 holders.
  • The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q1 2025 was JP Morgan Chase, an estimated $264M added.
  • The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q1 2025 was Morgan Stanley, an estimated $443M sold.

Based on aggregated 13F filings for Q1 2025.