State Street SPDR Nuveen ICE Municipal Bond ETF
299 hedge funds and large institutions have $2.84B invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 110 increasing their positions, 96 reducing their positions, and 26 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 96
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
3% more capital invested
Capital invested by funds: $2.76B → $2.84B (+$86.3M)
0.94% more ownership
Funds ownership: 85.66% → 86.61% (+0.94%)
1% less funds holding
Funds holding: 303 → 299 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$39M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$13.6M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$11.4M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.42M |
| 5 |
PAS
Park Avenue Securities
New York
|
+$8.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
-$23M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$18.7M |
| 3 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
-$15.8M |
| 4 |
Jane Street
New York
|
-$13.6M |
| 5 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
-$9.52M |
TFI Hedge Fund Activity: Q3 2025 in Review
299 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q3 2025, worth a combined $2.84B — up 3.1% from $2.76B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new TFI positions and 26 closed out — a net gain of 3 holders — while 110 added to existing stakes and 96 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $39M. The largest seller was Betterment LLC, cutting an estimated $23M.
- 299 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q3 2025, down from 303 in Q2 2025.
- Funds reported $2.84B of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q3 2025, up 3.1% quarter-over-quarter.
- 29 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q3 2025 and 26 closed out, a net change of +3 holders.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q3 2025 was Wellington Management Group, an estimated $39M added.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q3 2025 was Betterment LLC, an estimated $23M sold.
Based on aggregated 13F filings for Q3 2025.