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Institutional Ownership · SEC Form 13F

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.

1,612
Institutional holders
354,893,793
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
BANK OF AMERICA CORP /DE/ added42,113,660$4.5B13.7%2026-Q1
FMR LLC trimmed21,893,710$2.3B7.1%2026-Q1
Betterment LLC added19,583,732$2.1B6.4%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added16,704,651$1.8B5.4%2026-Q1
Creative Planning added14,367,478$1.5B4.7%2026-Q1
LPL Financial LLC added11,762,384$1.2B3.8%2026-Q1
Fisher Asset Management, LLC added11,596,161$1.2B3.8%2026-Q1
WELLS FARGO & COMPANY/MN added10,008,488$1.1B3.3%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV added9,357,674$993M3.0%2026-Q1
MORGAN STANLEY added9,214,317$978M3.0%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added8,903,359$945M2.9%2026-Q1
UBS Group AG added7,622,993$809M2.5%2026-Q1
Bank of New York Mellon Corp added7,303,630$775M2.4%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed7,185,272$763M2.3%2026-Q1
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new5,687,268$604M1.9%2026-Q1
SEI INVESTMENTS CO added5,274,695$560M1.7%2026-Q1
US BANCORP \DE\ added5,232,551$555M1.7%2026-Q1
JPMORGAN CHASE & CO added4,709,555$499M1.5%2026-Q1
Wealthfront Advisers LLC trimmed4,442,764$472M1.4%2026-Q1
Cetera Investment Advisers added3,210,936$341M1.0%2026-Q1
ASSETMARK, INC added3,196,889$339M1.0%2026-Q1
JONES FINANCIAL COMPANIES LLLP added2,953,836$312M1.0%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed2,823,552$300M0.9%2026-Q1
Orgel Wealth Management, LLC added2,677,093$284M0.9%2026-Q1
RWA WEALTH PARTNERS, LLC trimmed2,331,591$247M0.8%2026-Q1
RAYMOND JAMES FINANCIAL INC added2,281,826$242M0.7%2026-Q1
GOLDMAN SACHS GROUP INC added2,114,126$224M0.7%2026-Q1
Mariner, LLC added2,108,214$224M0.7%2026-Q1
Sequoia Financial Advisors, LLC added1,977,019$210M0.6%2026-Q1
MML INVESTORS SERVICES, LLC trimmed1,947,693$207M0.6%2026-Q1
HighTower Advisors, LLC trimmed1,737,213$184M0.6%2026-Q1
ALLSTATE CORP trimmed1,733,524$184M0.6%2026-Q1
AMERIPRISE FINANCIAL INC trimmed1,675,290$178M0.5%2026-Q1
One Capital Management, LLC added1,606,330$171M0.5%2026-Q1
Facet Wealth, Inc. trimmed1,397,796$148M0.5%2026-Q1
CITIGROUP INC added1,298,929$138M0.4%2026-Q1
CAPTRUST FINANCIAL ADVISORS added1,271,750$135M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed1,258,347$134M0.4%2026-Q1
Envestnet Portfolio Solutions, Inc. trimmed1,175,348$125M0.4%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added1,169,211$124M0.4%2026-Q1
SIGNATUREFD, LLC trimmed1,126,750$120M0.4%2026-Q1
PARK AVENUE SECURITIES LLC added1,079,334$115M0.4%2026-Q1
Cerity Partners LLC added1,070,265$114M0.3%2026-Q1
Focus Partners Wealth trimmed1,053,799$112M0.3%2026-Q1
TRUIST FINANCIAL CORP added980,111$104M0.3%2026-Q1
OSAIC HOLDINGS, INC. added927,175$98M0.3%2026-Q1
Kestra Investment Management, LLC added916,625$97M0.3%2026-Q1
JANE STREET GROUP, LLC added912,202$97M0.3%2026-Q1
Corient Private Wealth LLC added864,554$92M0.3%2026-Q1
EP Wealth Advisors, LLC added847,619$90M0.3%2026-Q1
OneDigital Investment Advisors LLC added842,713$89M0.3%2026-Q1
OXFORD FINANCIAL GROUP, LTD. LLC trimmed830,094$88M0.3%2026-Q1
Orion Porfolio Solutions, LLC added781,060$83M0.3%2026-Q1
ANGELES WEALTH MANAGEMENT, LLC added767,535$81M0.2%2026-Q1
Beacon Pointe Advisors, LLC added756,078$80M0.2%2026-Q1
CWM, LLC added751,600$80M0.2%2026-Q1
Choate Investment Advisors trimmed717,755$76M0.2%2026-Q1
Rockefeller Capital Management L.P. added706,540$75M0.2%2026-Q1
O'SHAUGHNESSY ASSET MANAGEMENT, LLC added652,281$69M0.2%2026-Q1
BlackRock, Inc. added650,618$69M0.2%2026-Q1
BESSEMER GROUP INC trimmed647,017$69M0.2%2026-Q1
Prime Capital Investment Advisors, LLC added645,815$69M0.2%2026-Q1
STIFEL FINANCIAL CORP added635,731$67M0.2%2026-Q1
Forvis Mazars Wealth Advisors, LLC added633,596$67M0.2%2026-Q1
SOFI WEALTH, LLC trimmed620,897$66M0.2%2026-Q1
UNITED CAPITAL FINANCIAL ADVISORS, LLC added613,660$65M0.2%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD607,800$65M0.2%2026-Q1
Financial Engines Advisors L.L.C. trimmed579,572$62M0.2%2026-Q1
Crestwood Advisors Group, LLC added566,374$60M0.2%2026-Q1
BANK OF MONTREAL /CAN/ trimmed559,388$59M0.2%2026-Q1
Foster Group, Inc. added542,700$58M0.2%2026-Q1
FIFTH THIRD BANCORP added537,049$57M0.2%2026-Q1
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed535,118$57M0.2%2026-Q1
Farther Finance Advisors, LLC added532,745$57M0.2%2026-Q1
Dynasty Wealth Management, LLC added526,425$56M0.2%2026-Q1
Parcion Private Wealth LLC added525,436$56M0.2%2026-Q1
COLDSTREAM CAPITAL MANAGEMENT INC trimmed522,464$55M0.2%2026-Q1
Wealthcare Advisory Partners LLC trimmed522,191$55M0.2%2026-Q1
Wealthspire Advisors, LLC trimmed512,469$54M0.2%2026-Q1
Avantax Planning Partners, Inc. trimmed495,654$53M0.2%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed492,231$52M0.2%2026-Q1
MANNING & NAPIER ADVISORS LLC trimmed492,741$52M0.2%2026-Q1
FRANKLIN RESOURCES INC added488,681$52M0.2%2026-Q1
Wedmont Private Capital added472,473$50M0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed462,015$49M0.2%2026-Q1
Arkos Global Advisors trimmed443,046$47M0.1%2026-Q1
CHOREO, LLC added438,228$47M0.1%2026-Q1
Allworth Financial LP added435,863$46M0.1%2026-Q1
Retirement Investment Advisors, Inc. added424,104$45M0.1%2026-Q1
Ascent Group, LLC added416,280$44M0.1%2026-Q1
SEEDS INVESTOR LLC added409,195$44M0.1%2026-Q1
NATIXIS ADVISORS, LLC added392,889$42M0.1%2026-Q1
HSBC HOLDINGS PLC trimmed388,912$41M0.1%2026-Q1
Cambridge Investment Research Advisors, Inc. added388,834$41M0.1%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP new3,636,000$387M1.2%2025-Q3 stale
LMR Partners LLP added1,495,000$160M0.5%2025-Q4 stale
AVANTAX ADVISORY SERVICES, INC. trimmed943,092$99M0.3%2025-Q2 stale
Orion Portfolio Solutions, LLC trimmed566,331$60M0.2%2025-Q1 stale
Nuveen, LLC added440,594$47M0.1%2025-Q4 stale
COMERICA BANK added407,499$44M0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership