State Street SPDR Nuveen ICE Municipal Bond ETF
309 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 29 funds opening new positions, 100 increasing their positions, 115 reducing their positions, and 41 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2.63% less ownership
Funds ownership: 87.34% → 84.71% (-2.6%)
4% less funds holding
Funds holding: 323 → 309 (-14)
12% less capital invested
Capital invested by funds: $3.23B → $2.82B (-$403M)
13% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 115
29% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$264M |
| 2 |
Betterment LLC
New York
|
+$95.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$24.5M |
| 4 |
EC
Elequin Capital
New York
|
+$15.8M |
| 5 |
APW
Austin Private Wealth
Austin,
Texas
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$443M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$266M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$61.4M |
| 4 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$9.11M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$7.43M |
TFI Hedge Fund Activity: Q1 2025 in Review
309 of the 7,472 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 29 opened new positions — a net loss of 12 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.
- 309 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.
- 29 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q1 2025 and 41 closed out, a net change of -12 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.