Who owns MUNI
Which tracked institutional funds hold MUNI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MUNI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
118 tracked funds added or opened MUNI while 52 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
MUNI’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.2pp gap the other way — the median holder sizes MUNI more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in MUNI 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 2026-Q1 and 2026-Q2, across 438 tracked filers holding MUNI, 267 increased or opened the position and 148 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 MUNI between the 2026-Q1 and 2026-Q2 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 13
- Vise Technologies, Inc.$13M
- Resonant Capital Advisors, LLC$6M
- MCCARTER PRIVATE WEALTH SERVICES LLC$3M
- Elequin Capital, LP$2M
- VAQUERO PRIVATE WEALTH, LTD$2M
- Arax Advisory Partners$2M
Full exits 22
- CWM, LLC$52M
- HighTower Advisors, LLC$33M
- Thrivent Financial for Lutherans$32M
- Capital Analysts, LLC$22M
- Cambridge Investment Research Advisors, Inc.$11M
- Independent Advisor Alliance$10M
Largest adds
- NewEdge Advisors, LLC$28M
- BANK OF AMERICA CORP /DE/$25M
- WCG Wealth Advisors LLC$21M
- WELLS FARGO & COMPANY/MN$18M
- LPL Financial LLC$15M
- MORGAN STANLEY$11M
Largest trims
- JANE STREET GROUP, LLC$6M
- BAILARD, INC.$2M
- KEYVANTAGE WEALTH, LLC$2M
- Dynasty Wealth Management, LLC$2M
- Allworth Financial LP$2M
- Rehmann Capital Advisory Group$1M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 4,139,216 | $218M | 11.3% | 2026-Q2 |
| MORGAN STANLEY added | 3,730,649 | $196M | 10.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,814,890 | $148M | 7.7% | 2026-Q2 |
| LPL Financial LLC added | 2,501,521 | $132M | 6.8% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 1,359,631 | $72M | 3.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,122,733 | $59M | 3.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 936,242 | $49M | 2.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 897,484 | $47M | 2.4% | 2026-Q2 |
| Cetera Investment Advisers added | 852,784 | $45M | 2.3% | 2026-Q2 |
| UBS Group AG added | 762,036 | $40M | 2.1% | 2026-Q2 |
| Stonebridge Financial Group, LLC added | 627,231 | $33M | 1.7% | 2026-Q2 |
| NewEdge Advisors, LLC added | 595,078 | $31M | 1.6% | 2026-Q2 |
| Focus Partners Wealth added | 571,901 | $30M | 1.6% | 2026-Q2 |
| Dynasty Wealth Management, LLC trimmed | 546,689 | $29M | 1.5% | 2026-Q2 |
| MBL Wealth, LLC added | 505,308 | $27M | 1.4% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 493,632 | $26M | 1.3% | 2026-Q2 |
| Larson Financial Group LLC added | 488,067 | $26M | 1.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 417,321 | $22M | 1.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 412,967 | $22M | 1.1% | 2026-Q2 |
| Quotient Wealth Partners, LLC added | 382,659 | $20M | 1.0% | 2026-Q2 |
| DAVIS R M INC added | 375,367 | $20M | 1.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 374,302 | $20M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 357,322 | $19M | 1.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 354,230 | $19M | 1.0% | 2026-Q2 |
| PW ADVISORS, LLC \ FL added | 317,618 | $17M | 0.9% | 2026-Q2 |
| Wealth Alliance Advisory Group, LLC added | 309,065 | $16M | 0.8% | 2026-Q2 |
| Clearstead Advisors, LLC added | 297,598 | $16M | 0.8% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 255,838 | $13M | 0.7% | 2026-Q2 |
| Vise Technologies, Inc. new | 251,564 | $13M | 0.7% | 2026-Q2 |
| XY Planning Network, Inc. added | 234,381 | $12M | 0.6% | 2026-Q2 |
| Austin Wealth Management, LLC trimmed | 231,539 | $12M | 0.6% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 226,889 | $12M | 0.6% | 2026-Q2 |
| Kestra Investment Management, LLC added | 224,493 | $12M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 214,694 | $11M | 0.6% | 2026-Q2 |
| Crestmont Private Wealth LLC added | 212,399 | $11M | 0.6% | 2026-Q2 |
| Avantax Planning Partners, Inc. trimmed | 211,128 | $11M | 0.6% | 2026-Q2 |
| Benchmark Financial Wealth Advisors, LLC trimmed | 208,454 | $11M | 0.6% | 2026-Q2 |
| AE Wealth Management LLC added | 206,167 | $11M | 0.6% | 2026-Q2 |
| Prosperity Consulting Group, LLC added | 204,816 | $11M | 0.6% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 197,104 | $10M | 0.5% | 2026-Q2 |
| Dakota Wealth Management added | 191,515 | $10M | 0.5% | 2026-Q2 |
| Morton Brown Family Wealth, LLC added | 189,849 | $10M | 0.5% | 2026-Q2 |
| Flagstone Financial Management added | 187,771 | $10M | 0.5% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC added | 185,947 | $10M | 0.5% | 2026-Q2 |
| TD Capital Management LLC added | 169,014 | $9M | 0.5% | 2026-Q2 |
| MAI Capital Management trimmed | 166,336 | $9M | 0.5% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC trimmed | 162,865 | $9M | 0.4% | 2026-Q2 |
| Smith Partners Wealth Management, LLC added | 159,128 | $8M | 0.4% | 2026-Q2 |
| McNamara Financial Services, Inc. added | 158,731 | $8M | 0.4% | 2026-Q2 |
| Equita Financial Network, Inc. added | 156,738 | $8M | 0.4% | 2026-Q2 |
| Altura Wealth Advisors Inc. trimmed | 156,043 | $8M | 0.4% | 2026-Q2 |
| Mariner, LLC added | 152,071 | $8M | 0.4% | 2026-Q2 |
| Waverly Advisors, LLC added | 147,442 | $8M | 0.4% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 146,940 | $8M | 0.4% | 2026-Q2 |
| BAILARD, INC. trimmed | 141,830 | $7M | 0.4% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 141,063 | $7M | 0.4% | 2026-Q2 |
| Spartan Wealth Advisory Services LLC added | 140,400 | $7M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 140,050 | $7M | 0.4% | 2026-Q2 |
| Newman Dignan & Sheerar, Inc. added | 139,301 | $7M | 0.4% | 2026-Q2 |
| ERn Financial, LLC added | 138,155 | $7M | 0.4% | 2026-Q2 |
| SAXON INTERESTS, INC. added | 136,932 | $7M | 0.4% | 2026-Q2 |
| Elyxium Wealth, LLC added | 136,827 | $7M | 0.4% | 2026-Q2 |
| Legacy Private Trust Co. added | 136,017 | $7M | 0.4% | 2026-Q2 |
| Shotwell Rutter Baer Inc trimmed | 134,830 | $7M | 0.4% | 2026-Q2 |
| Avant Financial Advisors LLC added | 133,893 | $7M | 0.4% | 2026-Q2 |
| Atlantic Union Bankshares Corp trimmed | 132,496 | $7M | 0.4% | 2026-Q2 |
| Rehmann Capital Advisory Group trimmed | 130,139 | $7M | 0.4% | 2026-Q2 |
| Creative Planning added | 127,984 | $7M | 0.3% | 2026-Q2 |
| GENESIS PRIVATE WEALTH, LLC added | 126,467 | $7M | 0.3% | 2026-Q2 |
| Goelzer Investment Management, Inc. trimmed | 126,159 | $7M | 0.3% | 2026-Q2 |
| True North Advisors, LLC added | 123,925 | $7M | 0.3% | 2026-Q2 |
| Resonant Capital Advisors, LLC new | 121,560 | $6M | 0.3% | 2026-Q2 |
| Certified Advisory Corp added | 118,536 | $6M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 116,503 | $6M | 0.3% | 2026-Q2 |
| PACES FERRY WEALTH ADVISORS, LLC | 114,350 | $6M | 0.3% | 2026-Q2 |
| Financial Synergies Wealth Advisors, Inc. added | 113,641 | $6M | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 111,956 | $6M | 0.3% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 108,803 | $6M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 106,570 | $6M | 0.3% | 2026-Q2 |
| Belpointe Asset Management LLC added | 103,366 | $5M | 0.3% | 2026-Q2 |
| Fermata Advisors, LLC trimmed | 102,533 | $5M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 101,745 | $5M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 100,890 | $5M | 0.3% | 2026-Q2 |
| Fortis Capital Advisors, LLC added | 98,235 | $5M | 0.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 96,977 | $5M | 0.3% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 92,580 | $5M | 0.3% | 2026-Q2 |
| BCS Wealth Management trimmed | 92,544 | $5M | 0.3% | 2026-Q2 |
| Kelman-Lazarov, Inc. added | 91,059 | $5M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 89,054 | $5M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC added | 86,871 | $5M | 0.2% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. trimmed | 81,392 | $4M | 0.2% | 2026-Q2 |
| GAMMA Investing LLC added | 80,039 | $4M | 0.2% | 2026-Q2 |
| Forvis Mazars Wealth Advisors, LLC added | 77,810 | $4M | 0.2% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 76,940 | $4M | 0.2% | 2026-Q2 |
| KEYVANTAGE WEALTH, LLC trimmed | 74,241 | $4M | 0.2% | 2026-Q2 |
| Allworth Financial LP trimmed | 72,805 | $4M | 0.2% | 2026-Q2 |
| Smartleaf Asset Management LLC | 72,541 | $4M | 0.2% | 2026-Q2 |
| BTG Pactual Asset Management US LLC added | 71,991 | $4M | 0.2% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 70,937 | $4M | 0.2% | 2026-Q2 |
| BRANDYWINE OAK PRIVATE WEALTH LLC trimmed | 70,791 | $4M | 0.2% | 2026-Q2 |
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.