Who owns MUB (MUB)
Which tracked institutional funds hold MUB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MUB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
375 tracked funds added or opened MUB while 253 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
MUB’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.1pp gap the other way — the median holder sizes MUB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in MUB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1612 tracked filers holding MUB, 899 increased or opened the position and 627 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in MUB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 43
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$604M
- PARK AVENUE SECURITIES LLC$115M
- JOHNSON INVESTMENT COUNSEL INC$36M
- DV Trading LLC$29M
- CIBC Bancorp USA Inc.$15M
- Aletheian Wealth Advisors LLC$6M
Full exits 68
- LMR Partners LLP$160M
- Nuveen, LLC$47M
- COMERICA BANK$44M
- AXXCESS WEALTH MANAGEMENT, LLC$39M
- SageView Advisory Group, LLC$32M
- CAPSTONE INVESTMENT ADVISORS, LLC$26M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$802M
- UBS Group AG$547M
- BANK OF AMERICA CORP /DE/$470M
- ENVESTNET ASSET MANAGEMENT INC$254M
- GOLDMAN SACHS GROUP INC$109M
- Fisher Asset Management, LLC$83M
Largest trims
- TIAA TRUST, NATIONAL ASSOCIATION$585M
- ALLSTATE CORP$139M
- FMR LLC$64M
- Envestnet Portfolio Solutions, Inc.$63M
- AMERIPRISE FINANCIAL INC$60M
- Wealthfront Advisers LLC$53M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 42,113,660 | $4.5B | 13.7% | 2026-Q1 |
| FMR LLC trimmed | 21,893,710 | $2.3B | 7.1% | 2026-Q1 |
| Betterment LLC added | 19,583,732 | $2.1B | 6.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 16,704,651 | $1.8B | 5.4% | 2026-Q1 |
| Creative Planning added | 14,367,478 | $1.5B | 4.7% | 2026-Q1 |
| LPL Financial LLC added | 11,762,384 | $1.2B | 3.8% | 2026-Q1 |
| Fisher Asset Management, LLC added | 11,596,161 | $1.2B | 3.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 10,008,488 | $1.1B | 3.3% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 9,357,674 | $993M | 3.0% | 2026-Q1 |
| MORGAN STANLEY added | 9,214,317 | $978M | 3.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 8,903,359 | $945M | 2.9% | 2026-Q1 |
| UBS Group AG added | 7,622,993 | $809M | 2.5% | 2026-Q1 |
| Bank of New York Mellon Corp added | 7,303,630 | $775M | 2.4% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 7,185,272 | $763M | 2.3% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 5,687,268 | $604M | 1.9% | 2026-Q1 |
| SEI INVESTMENTS CO added | 5,274,695 | $560M | 1.7% | 2026-Q1 |
| US BANCORP \DE\ added | 5,232,551 | $555M | 1.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 4,709,555 | $499M | 1.5% | 2026-Q1 |
| Wealthfront Advisers LLC trimmed | 4,442,764 | $472M | 1.4% | 2026-Q1 |
| Cetera Investment Advisers added | 3,210,936 | $341M | 1.0% | 2026-Q1 |
| ASSETMARK, INC added | 3,196,889 | $339M | 1.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 2,953,836 | $312M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 2,823,552 | $300M | 0.9% | 2026-Q1 |
| Orgel Wealth Management, LLC added | 2,677,093 | $284M | 0.9% | 2026-Q1 |
| RWA WEALTH PARTNERS, LLC trimmed | 2,331,591 | $247M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,281,826 | $242M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,114,126 | $224M | 0.7% | 2026-Q1 |
| Mariner, LLC added | 2,108,214 | $224M | 0.7% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 1,977,019 | $210M | 0.6% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 1,947,693 | $207M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,737,213 | $184M | 0.6% | 2026-Q1 |
| ALLSTATE CORP trimmed | 1,733,524 | $184M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,675,290 | $178M | 0.5% | 2026-Q1 |
| One Capital Management, LLC added | 1,606,330 | $171M | 0.5% | 2026-Q1 |
| Facet Wealth, Inc. trimmed | 1,397,796 | $148M | 0.5% | 2026-Q1 |
| CITIGROUP INC added | 1,298,929 | $138M | 0.4% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 1,271,750 | $135M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,258,347 | $134M | 0.4% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 1,175,348 | $125M | 0.4% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,169,211 | $124M | 0.4% | 2026-Q1 |
| SIGNATUREFD, LLC trimmed | 1,126,750 | $120M | 0.4% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 1,079,334 | $115M | 0.4% | 2026-Q1 |
| Cerity Partners LLC added | 1,070,265 | $114M | 0.3% | 2026-Q1 |
| Focus Partners Wealth trimmed | 1,053,799 | $112M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 980,111 | $104M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 927,175 | $98M | 0.3% | 2026-Q1 |
| Kestra Investment Management, LLC added | 916,625 | $97M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 912,202 | $97M | 0.3% | 2026-Q1 |
| Corient Private Wealth LLC added | 864,554 | $92M | 0.3% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 847,619 | $90M | 0.3% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 842,713 | $89M | 0.3% | 2026-Q1 |
| OXFORD FINANCIAL GROUP, LTD. LLC trimmed | 830,094 | $88M | 0.3% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 781,060 | $83M | 0.3% | 2026-Q1 |
| ANGELES WEALTH MANAGEMENT, LLC added | 767,535 | $81M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 756,078 | $80M | 0.2% | 2026-Q1 |
| CWM, LLC added | 751,600 | $80M | 0.2% | 2026-Q1 |
| Choate Investment Advisors trimmed | 717,755 | $76M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 706,540 | $75M | 0.2% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 652,281 | $69M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 650,618 | $69M | 0.2% | 2026-Q1 |
| BESSEMER GROUP INC trimmed | 647,017 | $69M | 0.2% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC added | 645,815 | $69M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 635,731 | $67M | 0.2% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC added | 633,596 | $67M | 0.2% | 2026-Q1 |
| SOFI WEALTH, LLC trimmed | 620,897 | $66M | 0.2% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 613,660 | $65M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD | 607,800 | $65M | 0.2% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 579,572 | $62M | 0.2% | 2026-Q1 |
| Crestwood Advisors Group, LLC added | 566,374 | $60M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 559,388 | $59M | 0.2% | 2026-Q1 |
| Foster Group, Inc. added | 542,700 | $58M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 537,049 | $57M | 0.2% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 535,118 | $57M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 532,745 | $57M | 0.2% | 2026-Q1 |
| Dynasty Wealth Management, LLC added | 526,425 | $56M | 0.2% | 2026-Q1 |
| Parcion Private Wealth LLC added | 525,436 | $56M | 0.2% | 2026-Q1 |
| COLDSTREAM CAPITAL MANAGEMENT INC trimmed | 522,464 | $55M | 0.2% | 2026-Q1 |
| Wealthcare Advisory Partners LLC trimmed | 522,191 | $55M | 0.2% | 2026-Q1 |
| Wealthspire Advisors, LLC trimmed | 512,469 | $54M | 0.2% | 2026-Q1 |
| Avantax Planning Partners, Inc. trimmed | 495,654 | $53M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 492,231 | $52M | 0.2% | 2026-Q1 |
| MANNING & NAPIER ADVISORS LLC trimmed | 492,741 | $52M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 488,681 | $52M | 0.2% | 2026-Q1 |
| Wedmont Private Capital added | 472,473 | $50M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 462,015 | $49M | 0.2% | 2026-Q1 |
| Arkos Global Advisors trimmed | 443,046 | $47M | 0.1% | 2026-Q1 |
| CHOREO, LLC added | 438,228 | $47M | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 435,863 | $46M | 0.1% | 2026-Q1 |
| Retirement Investment Advisors, Inc. added | 424,104 | $45M | 0.1% | 2026-Q1 |
| Ascent Group, LLC added | 416,280 | $44M | 0.1% | 2026-Q1 |
| SEEDS INVESTOR LLC added | 409,195 | $44M | 0.1% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 392,889 | $42M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 388,912 | $41M | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 388,834 | $41M | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP new | 3,636,000 | $387M | 1.2% | 2025-Q3 stale |
| LMR Partners LLP added | 1,495,000 | $160M | 0.5% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 943,092 | $99M | 0.3% | 2025-Q2 stale |
| Orion Portfolio Solutions, LLC trimmed | 566,331 | $60M | 0.2% | 2025-Q1 stale |
| Nuveen, LLC added | 440,594 | $47M | 0.1% | 2025-Q4 stale |
| COMERICA BANK added | 407,499 | $44M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.