State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
303 hedge funds and large institutions have $2.76B invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 87 increasing their positions, 119 reducing their positions, and 50 closing their positions.
1.07% more ownership
Funds ownership: 84.71% → 85.78% (+1.1%)
2% less capital invested
Capital invested by funds: $2.82B → $2.76B (-$65.8M)
8% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 50
2% less funds holding
Funds holding: 309 → 303 (-6)
27% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 119
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$175M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$17.2M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$16.5M |
| 4 |
Jane Street
New York
|
+$16M |
| 5 |
APW
Austin Private Wealth
Austin,
Texas
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$247M |
| 2 |
Morgan Stanley
New York
|
-$19.7M |
| 3 |
EC
Elequin Capital
New York
|
-$15.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$11.9M |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$10.5M |
TFI Hedge Fund Activity: Q2 2025 in Review
303 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q2 2025, worth a combined $2.76B — down 2.3% from $2.82B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of TFI and 46 opened new positions — a net loss of 4 holders — while 119 trimmed existing stakes and 87 added.
The largest buyer was Betterment LLC, adding an estimated $175M. The largest seller was JP Morgan Chase, cutting an estimated $247M.
- 303 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q2 2025, down from 309 in Q1 2025.
- Funds reported $2.76B of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q2 2025, down 2.3% quarter-over-quarter.
- 46 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q2 2025 and 50 closed out, a net change of -4 holders.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q2 2025 was Betterment LLC, an estimated $175M added.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q2 2025 was JP Morgan Chase, an estimated $247M sold.
Based on aggregated 13F filings for Q2 2025.