Vault-13

ISHARES TR MUB

NATIONAL MUN ETF · ETP · CUSIP 464288414

1,645 institutional holders +10 vs Q1 2026
371,023,665371.0m shares reported held*
$39.9bnreported value*
94 new 791 added 509 reduced 75 sold out net bought ≈ $1.9bn (+18.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($192.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $107.59. Options: 4 managers hold calls ($68.6m notional), 5 hold puts ($183.5m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,137Q4 22: 1,213Q1 23: 1,213Q2 23: 1,224Q3 23: 1,229Q4 23: 1,381Q1 24: 1,377Q2 24: 1,354Q3 24: 1,404Q4 24: 1,534Q1 25: 1,508Q2 25: 1,548Q3 25: 1,544Q4 25: 1,638Q1 26: 1,635Q2 26: 1,6451,645Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,213
Q1 20231,213
Q2 20231,224
Q3 20231,229
Q4 20231,381
Q1 20241,377
Q2 20241,354
Q3 20241,404
Q4 20241,534
Q1 20251,508
Q2 20251,548
Q3 20251,544
Q4 20251,638
Q1 20261,635
Q2 20261,645

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ3 24: 748 bought or addedQ3 24: 495 cut or sold outQ4 24: 758 bought or addedQ4 24: 542 cut or sold outQ4 24Q1 25: 692 bought or addedQ1 25: 727 cut or sold outQ2 25: 699 bought or addedQ2 25: 751 cut or sold outQ2 25Q3 25: 775 bought or addedQ3 25: 669 cut or sold outQ4 25: 877 bought or addedQ4 25: 543 cut or sold outQ4 25Q1 26: 893 bought or addedQ1 26: 598 cut or sold outQ2 26: 885 bought or addedQ2 26: 584 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024748495
Q4 2024758542
Q1 2025692727
Q2 2025699751
Q3 2025775669
Q4 2025877543
Q1 2026893598
Q2 2026885584

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200m$400m$600mQ3 25 calls: $525.8mQ3 25 puts: $346.5mQ3 25P/C 0.66Q4 25 calls: $266.1mQ4 25 puts: $283.6mQ4 25P/C 1.07Q1 26 calls: $131.1mQ1 26 puts: $300.0mQ1 26P/C 2.29Q2 26 calls: $68.6mQ2 26 puts: $183.5mQ2 26P/C 2.67
Numbers
QuarterCallsPutsP/C
Q3 2025$525.8m$346.5m0.66
Q4 2025$266.1m$283.6m1.07
Q1 2026$131.1m$300.0m2.29
Q2 2026$68.6m$183.5m2.67

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +2,585,884+2.6m
Betterment LLC Added +1,455,783+1.5m
Fisher Asset Management, LLC Added +1,052,371+1.1m
MERCER GLOBAL ADVISORS INC /ADV Added +1,003,774+1.0m
LPL Financial LLC Added +994,686+994.7k
RENAISSANCE TECHNOLOGIES LLC Added +909,826+909.8k
ENVESTNET ASSET MANAGEMENT INC Added +880,501+880.5k
FMR LLC Added +843,798+843.8k
ALLSTATE CORP Added +834,551+834.6k
UBS Group AG Added +604,182+604.2k

Biggest sellers

MORGAN STANLEY Reduced -1,349,308-1.3m
JANE STREET GROUP, LLC Reduced -452,454-452.5k
Corient Private Wealth LP Reduced -442,021-442.0k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -382,424-382.4k
Kestra Investment Management, LLC Reduced -300,062-300.1k
DV Trading LLC Reduced -271,548-271.5k
JPMORGAN CHASE & CO Reduced -230,432-230.4k
Ledyard National Bank Reduced -220,544-220.5k
CITADEL ADVISORS LLC Reduced -220,472-220.5k
SEI INVESTMENTS CO Reduced -209,314-209.3k

Biggest calls

JANE STREET GROUP, LLC Added $47.6m442.5k shares
CITADEL ADVISORS LLC Reduced $18.7m173.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m17.4k shares
Walleye Trading LLC Unchanged $441.2k4.1k shares

Biggest puts

JANE STREET GROUP, LLC Added $79.8m741.9k shares
LMR Partners LLP Reduced $53.8m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $37.6m349.5k shares
CITADEL ADVISORS LLC Reduced $12.0m111.4k shares
SIG BROKERAGE, LP New $290.6k2.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution new · filed 2025-11-05 6.0% new 22.2m≈ $2.4bn 2025-11-05

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.31% of their portfolio CHARLOTTE, NC 44,699,54444.7m $4.8bn $4.8bn 0.31% Added +2.6m +2,585,884
2 FMR LLC 0.11% of their portfolio BOSTON, MA 22,787,50822.8m $2.5bn $2.5bn 0.11% Added +843.8k +843,798
3 Betterment LLC 3.83% of their portfolio NEW YORK, NY 21,039,51521.0m $2.3bn $2.3bn 3.83% Added +1.5m +1,455,783
4 ENVESTNET ASSET MANAGEMENT INC 0.45% of their portfolio Berwyn, PA 17,585,15217.6m $1.9bn $1.9bn 0.45% Added +880.5k +880,501
5 Creative Planning 0.93% of their portfolio OVERLAND PARK, KS 14,801,82614.8m $1.6bn $1.6bn 0.93% Added +434.3k +434,348
6 LPL Financial LLC 0.31% of their portfolio FORT MILL, SC 12,757,07012.8m $1.4bn $1.4bn 0.31% Added +994.7k +994,686
7 Fisher Asset Management, LLC 0.41% of their portfolio PLANO, TX 12,648,53212.6m $1.4bn $1.4bn 0.41% Added +1.1m +1,052,371
8 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 10,375,30810.4m $1.1bn $1.1bn 0.19% Added +366.8k +366,820
9 MERCER GLOBAL ADVISORS INC /ADV 1.38% of their portfolio DENVER, CO 10,361,44810.4m $1.1bn $1.1bn 1.38% Added +1.0m +1,003,774
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.54% of their portfolio MILWAUKEE, WI 9,354,5229.4m $1.0bn $1.0bn 0.54% Added +451.2k +451,163
11 UBS Group AG 0.14% of their portfolio ZURICH, V8 8,227,1758.2m $885.4m $885.4m 0.14% Added +604.2k +604,182
12 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 7,865,0097.9m $846.4m $846.4m 0.04% Reduced -1.3m -1,349,308
13 Bank of New York Mellon Corp 0.13% of their portfolio NEW YORK, NY 7,514,1307.5m $808.7m $808.7m 0.13% Added +210.5k +210,500
14 PNC Financial Services Group, Inc. 0.39% of their portfolio Pittsburgh, PA 7,256,9537.3m $781.0m $781.0m 0.39% Added +71.7k +71,681
15 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 2.22% of their portfolio CHARLOTTE, NC 5,996,4466.0m $645.3m $645.3m 2.22% Added +309.2k +309,178
16 US BANCORP \DE\ 0.63% of their portfolio MINNEAPOLIS, MN 5,353,2575.4m $576.1m $576.1m 0.63% Added +120.7k +120,706
17 SEI INVESTMENTS CO 0.48% of their portfolio OAKS, PA 5,065,3815.1m $545.1m $545.1m 0.48% Reduced -209.3k -209,314
18 Wealthfront Advisers LLC 0.94% of their portfolio Palo Alto, CA 4,552,2784.6m $489.9m $489.9m 0.94% Added +109.5k +109,514
19 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,479,1234.5m $482.4m $482.4m 0.03% Reduced -230.4k -230,432
20 Cetera Investment Advisers 0.35% of their portfolio SCHAUMBURG, IL 3,581,9663.6m $385.5m $385.5m 0.35% Added +371.0k +371,030
21 ASSETMARK, INC 0.62% of their portfolio CONCORD, CA 3,352,6463.4m $360.8m $360.8m 0.62% Added +155.8k +155,757
22 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 3,176,7983.2m $341.8m $341.8m 0.14% Added +223.0k +222,962
23 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 2,808,2822.8m $302.2m $302.2m 0.38% Reduced -15.3k -15,270
24 Orgel Wealth Management, LLC 5.53% of their portfolio ALTOONA, WI 2,708,3452.7m $291.5m $291.5m 5.53% Added +31.3k +31,252
25 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,580,2802.6m $277.7m $277.7m 0.03% Added +466.2k +466,154
26 ALLSTATE CORP 2.76% of their portfolio NORTHBROOK, IL 2,568,0752.6m $276.4m $276.4m 2.76% Added +834.6k +834,551
27 MML INVESTORS SERVICES, LLC 0.53% of their portfolio SPRINGFIELD, MA 2,391,8832.4m $257.4m $257.4m 0.53% Added +444.2k +444,190
28 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 2,269,8862.3m $244.3m $244.3m 0.07% Reduced -11.9k -11,940
29 RWA WEALTH PARTNERS, LLC 2.32% of their portfolio BOSTON, MA 2,248,6172.2m $242.0m $242.0m 2.32% Reduced -83.0k -82,974
30 Sequoia Financial Advisors, LLC 1.14% of their portfolio Akron, OH 2,128,6562.1m $229.1m $229.1m 1.14% Added +151.6k +151,637
31 Mariner, LLC 0.24% of their portfolio Overland Park, KS 2,096,0932.1m $225.6m $225.6m 0.24% Reduced -12.1k -12,121
32 Facet Wealth, Inc. 2.90% of their portfolio WEST PALM BEACH, FL 1,883,5821.9m $202.7m $202.7m 2.90% Added +485.8k +485,786
33 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,823,3291.8m $196.2m $196.2m 0.04% Added +148.0k +148,039
34 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 1,689,0931.7m $181.8m $181.8m 0.17% Reduced -48.1k -48,120
35 One Capital Management, LLC 4.74% of their portfolio WESTLAKE VILLAGE, CA 1,606,3301.6m $170.5m $170.5m 4.74% Unchanged
36 CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio RALEIGH, NC 1,366,1521.4m $147.0m $147.0m 0.23% Added +94.4k +94,402
37 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 1,323,6731.3m $142.5m $142.5m 0.07% Added +24.7k +24,744
38 Envestnet Portfolio Solutions, Inc. 0.64% of their portfolio BERWYN, PA 1,242,9851.2m $133.8m $133.8m 0.64% Added +67.6k +67,637
39 PARK AVENUE SECURITIES LLC 0.75% of their portfolio NEW YORK, NY 1,120,6681.1m $120.6m $120.6m 0.75% Added +41.3k +41,334
40 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,115,0721.1m $120.0m $120.0m 0.00% Added +464.5k +464,454
41 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 1,112,8791.1m $119.8m $119.8m 0.14% Added +185.7k +185,704
42 SIGNATUREFD, LLC 1.59% of their portfolio ATLANTA, GA 1,104,5801.1m $118.9m $118.9m 1.59% Reduced -22.2k -22,170
43 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,103,9241.1m $118.8m $118.8m 0.02% Reduced -154.4k -154,423
44 Cerity Partners LLC 0.14% of their portfolio NEW YORK, NY 1,101,1701.1m $118.5m $118.5m 0.14% Added +30.9k +30,905
45 RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio NEW YORK, NY 1,004,5261.0m $108.1m $108.1m 0.15% Added +909.8k +909,826
46 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 945,128945.1k $101.7m $101.7m 0.12% Reduced -35.0k -34,983
47 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 907,867907.9k $97.7m $97.7m 0.10% Reduced -145.9k -145,932
48 OneDigital Investment Advisors LLC 0.81% of their portfolio OVERLAND PARK, KS 895,982896.0k $96.4m $96.4m 0.81% Added +53.3k +53,269
49 Orion Porfolio Solutions, LLC 0.74% of their portfolio OMAHA, NE 895,244895.2k $96.3m $96.3m 0.74% Added +114.2k +114,184
50 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 854,638854.6k $92.0m $92.0m 0.10% Added +465.8k +465,804
51 EP Wealth Advisors, LLC 0.35% of their portfolio TORRANCE, CA 854,384854.4k $91.9m $91.9m 0.35% Added +6.8k +6,765
52 OXFORD FINANCIAL GROUP, LTD. LLC 4.58% of their portfolio INDIANAPOLIS, IN 840,791840.8k $90.5m $90.5m 4.58% Added +10.7k +10,697
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 786,787786.8k $84.7m $84.7m 0.02% Reduced -382.4k -382,424
54 ANGELES WEALTH MANAGEMENT, LLC 3.83% of their portfolio SANTA MONICA, CA 778,690778.7k $83.8m $83.8m 3.83% Added +11.2k +11,155
55 Beacon Pointe Advisors, LLC 0.39% of their portfolio NEWPORT BEACH, CA 778,307778.3k $83.8m $83.8m 0.39% Added +22.2k +22,229
56 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.38% of their portfolio Stamford, CT 753,693753.7k $81.1m $81.1m 0.38% Added +101.4k +101,412
57 Rockefeller Capital Management L.P. 0.11% of their portfolio NEW YORK, NY 694,504694.5k $74.7m $74.7m 0.11% Reduced -12.0k -12,036
58 Integrated Wealth Concepts LLC 0.36% of their portfolio WALTHAM, MA 693,109693.1k $74.6m $74.6m 0.36% Added +341.1k +341,145
59 SOFI WEALTH, LLC 2.89% of their portfolio SAN FRANCISCO, CA 666,493666.5k $71.7m $71.7m 2.89% Added +45.6k +45,596
60 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.39% of their portfolio IRVING, TX 655,019655.0k $70.4m $70.4m 0.39% Added +41.4k +41,359
61 BESSEMER GROUP INC 0.10% of their portfolio WOODBRIDGE, NJ 654,889654.9k $70.5m $70.5m 0.10% Added +7.9k +7,872
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 652,810652.8k $69.9m $69.9m 0.12% Added +160.6k +160,579
63 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 647,854647.9k $69.7m $69.7m 0.06% Added +12.1k +12,123
64 Prime Capital Investment Advisors, LLC 0.67% of their portfolio OVERLAND PARK, KS 643,767643.8k $69.3m $69.3m 0.67% Reduced -2.0k -2,048
65 Forvis Mazars Wealth Advisors, LLC 1.13% of their portfolio Springfield, MO 630,739630.7k $67.9m $67.9m 1.13% Reduced -2.9k -2,857
66 Farther Finance Advisors, LLC 0.52% of their portfolio SAN FRANCISCO, CA 618,645618.6k $66.6m $66.6m 0.52% Added +85.9k +85,900
67 Crestwood Advisors Group, LLC 0.98% of their portfolio BOSTON, MA 616,861616.9k $66.4m $66.4m 0.98% Added +50.5k +50,487
68 Kestra Investment Management, LLC 1.29% of their portfolio AUSTIN, TX 616,563616.6k $66.4m $66.4m 1.29% Reduced -300.1k -300,062
69 STATE OF WISCONSIN INVESTMENT BOARD 0.13% of their portfolio MADISON, WI 607,800607.8k $65.4m $65.4m 0.13% Unchanged
70 Financial Engines Advisors L.L.C. 0.11% of their portfolio SANTA CLARA, CA 594,473594.5k $64.0m $64.0m 0.11% Added +14.9k +14,901
71 Wealthcare Advisory Partners LLC 1.18% of their portfolio WEST CHESTER, PA 576,272576.3k $62.0m $62.0m 1.18% Added +54.1k +54,081
72 FIFTH THIRD BANCORP 0.10% of their portfolio CINCINNATI, OH 568,602568.6k $61.2m $61.2m 0.10% Added +31.6k +31,553
73 Wealthspire Advisors, LLC 0.34% of their portfolio NEW YORK, NY 568,001568.0k $61.1m $61.1m 0.34% Added +55.5k +55,532
74 Foster Group, Inc. 1.62% of their portfolio WEST DES MOINES, IA 566,053566.1k $60.9m $60.9m 1.62% Added +23.4k +23,353
75 Choate Investment Advisors 1.04% of their portfolio BOSTON, MA 547,382547.4k $58.9m $58.9m 1.04% Reduced -170.4k -170,373
76 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 547,248547.2k $58.9m $58.9m 0.02% Reduced -12.1k -12,140
77 Retirement Investment Advisors, Inc. 4.14% of their portfolio OKLAHOMA CITY, OK 543,022543.0k $58.0m $58.0m 4.14% Added +118.9k +118,918
78 Avantax Planning Partners, Inc. 1.44% of their portfolio DUBUQUE, IA 537,122537.1k $57.8m $57.8m 1.44% Added +41.5k +41,468
79 GFS Advisors, LLC 0.06% of their portfolio HOUSTON, TX 536,470536.5k $1.2m $1.2m 0.06% Added +480.7k +480,712
80 Dynasty Wealth Management, LLC 0.41% of their portfolio ST. PETERSBURG, FL 517,550517.5k $55.7m $55.7m 0.41% Reduced -8.9k -8,875
81 MANNING & NAPIER ADVISORS LLC 0.70% of their portfolio Fairport, NY 508,120508.1k $54.7m $54.7m 0.70% Added +15.4k +15,379
82 Parcion Private Wealth LLC 3.01% of their portfolio BELLEVUE, WA 503,579503.6k $54.2m $54.2m 3.01% Reduced -21.9k -21,857
83 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 499,586499.6k $53.8m $53.8m 0.01% Added +10.9k +10,905
84 COLDSTREAM CAPITAL MANAGEMENT INC 0.65% of their portfolio BELLEVUE, WA 479,909479.9k $51.6m $51.6m 0.65% Reduced -42.6k -42,555
85 Wedmont Private Capital 1.40% of their portfolio WEST CHESTER, PA 477,489477.5k $51.1m $51.1m 1.40% Added +5.0k +5,016
86 Gradient Investments LLC 0.70% of their portfolio ARDEN HILLS, MN 474,766474.8k $51.1m $51.1m 0.70% Added +112.5k +112,530
87 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 470,875470.9k $50.0m $50.0m 0.02% Added +8.9k +8,860
88 SEEDS INVESTOR LLC 5.13% of their portfolio NEW YORK, NY 463,913463.9k $49.9m $49.9m 5.13% Added +54.7k +54,718
89 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 459,748459.7k $49.5m $49.5m 0.03% Reduced -452.5k -452,454
90 CHOREO, LLC 0.53% of their portfolio ROCKFORD, IL 450,490450.5k $48.5m $48.5m 0.53% Added +12.3k +12,262
91 COMMERCE BANK 0.21% of their portfolio KANSAS CITY, MO 437,228437.2k $47.1m $47.1m 0.21% Added +129.7k +129,717
92 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.62% of their portfolio MINNEAPOLIS, MN 436,441436.4k $47.0m $47.0m 0.62% Reduced -98.7k -98,677
93 Savvy Advisors, Inc. 1.00% of their portfolio NEW YORK, NY 434,940434.9k $46.8m $46.8m 1.00% Added +54.0k +54,031
94 Arkos Global Advisors 5.42% of their portfolio HOUSTON, TX 425,326425.3k $45.8m $45.8m 5.42% Reduced -17.7k -17,720
95 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 422,533422.5k $45.5m $45.5m 0.06% Reduced -442.0k -442,021
96 Equitable Holdings, Inc. 0.27% of their portfolio NEW YORK, NY 418,400418.4k $45.0m $45.0m 0.27% Added +44.5k +44,452
97 New York Life Investment Management LLC 0.31% of their portfolio New York, NY 417,162417.2k $44.9m $44.9m 0.31% Added +183.8k +183,761
98 Ascent Group, LLC 1.32% of their portfolio VIRGINIA BEACH, VA 411,221411.2k $44.3m $44.3m 1.32% Reduced -5.1k -5,059
99 CAHABA WEALTH MANAGEMENT, INC. 2.65% of their portfolio Atlanta, GA 408,101408.1k $43.9m $43.9m 2.65% Added +24.7k +24,675
100 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 399,895399.9k $43.0m $43.0m 0.02% Added +11.0k +10,983