F/m Ultrashort Tax-Free Municipal ETF
ZMUN
8 hedge funds and large institutions have $9.18M invested in F/m Ultrashort Tax-Free Municipal ETF in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and closing their positions.
167% more funds holding
Funds holding: 3 → 8 (+5)
52% more capital invested
Capital invested by funds: $6.04M → $9.18M (+$3.14M)
15.21% more ownership
Funds ownership: 50.27% → 65.49% (+15%)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Crew Capital Management
Cincinnati,
Ohio
|
+$1.15M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$1M |
| 3 |
Goldman Sachs
New York
|
+$815K |
| 4 |
DM
Diversified Management
Milwaukee,
Wisconsin
|
+$632K |
| 5 |
CPBTD
Central Pacific Bank - Trust Division
Honolulu,
Hawaii
|
+$524K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$725K |
| 2 |
FMI
F/M Investments
Washington,
District of Columbia
|
-$346K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMI
1
F/M Investments
Washington,
District of Columbia
| $4.38M | -$346K | -6,891 | -7% |
|
|
CCM
2
Crew Capital Management
Cincinnati,
Ohio
| $1.15M | +$1.15M | +22,997 | New |
|
|
3
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $1M | +$1M | +20,000 | New |
|
|
4
Goldman Sachs
New York
| $814K | +$815K | +16,250 | New |
|
|
DM
5
Diversified Management
Milwaukee,
Wisconsin
| $631K | +$632K | +12,596 | New |
|
|
CPBTD
6
Central Pacific Bank - Trust Division
Honolulu,
Hawaii
| $524K | +$524K | +10,460 | New |
|
7
Jane Street
New York
| $378K | +$87.4K | +1,743 | +30% |
|
|
8
Bank of Montreal
Toronto,
Ontario, Canada
| $305K | -$725K | -14,452 | -70% |
|
ZMUN Hedge Fund Activity: Q1 2026 in Review
8 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in F/m Ultrashort Tax-Free Municipal ETF (ZMUN) for Q1 2026, worth a combined $9.18M — up 52% from $6.04M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ZMUN positions and 0 closed out — a net gain of 5 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Crew Capital Management, opening a new position worth an estimated $1.15M. The largest seller was Bank of Montreal, cutting an estimated $725K.
- 8 institutional investors held F/m Ultrashort Tax-Free Municipal ETF (ZMUN) as of Q1 2026, up from 3 in Q4 2025.
- Funds reported $9.18M of F/m Ultrashort Tax-Free Municipal ETF stock for Q1 2026, up 52% quarter-over-quarter.
- 5 funds opened new F/m Ultrashort Tax-Free Municipal ETF positions in Q1 2026 and 0 closed out, a net change of +5 holders.
- The largest F/m Ultrashort Tax-Free Municipal ETF buyer in Q1 2026 was Crew Capital Management, an estimated $1.15M added.
- The largest F/m Ultrashort Tax-Free Municipal ETF seller in Q1 2026 was Bank of Montreal, an estimated $725K sold.
Based on aggregated 13F filings for Q1 2026.