State Street SPDR Nuveen ICE Municipal Bond ETF
333 hedge funds and large institutions have $2.81B invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 109 increasing their positions, 100 reducing their positions, and 31 closing their positions.
58% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 31
7% more capital invested
Capital invested by funds: $2.64B → $2.81B (+$174M)
5.59% more ownership
Funds ownership: 87.36% → 92.95% (+5.6%)
3% more funds holding
Funds holding: 323 → 333 (+10)
9% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 100
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$92.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$66.7M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$43.3M |
| 4 |
Cerity Partners
New York
|
+$42.2M |
| 5 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
-$24.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$18.1M |
| 3 |
PAS
Park Avenue Securities
New York
|
-$17.5M |
| 4 |
SP
SWS Partners
Columbus,
Ohio
|
-$14.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.26M |
TFI Hedge Fund Activity: Q1 2026 in Review
333 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q1 2026, worth a combined $2.81B — up 6.6% from $2.64B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new TFI positions and 31 closed out — a net gain of 18 holders — while 109 added to existing stakes and 100 trimmed.
The largest buyer was UBS Group, adding an estimated $92.3M. The largest seller was Betterment LLC, cutting an estimated $24.9M.
- 333 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q1 2026, up from 323 in Q4 2025.
- Funds reported $2.81B of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q1 2026, up 6.6% quarter-over-quarter.
- 49 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q1 2026 and 31 closed out, a net change of +18 holders.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q1 2026 was UBS Group, an estimated $92.3M added.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q1 2026 was Betterment LLC, an estimated $24.9M sold.
Based on aggregated 13F filings for Q1 2026.