Who owns MUNY
Which tracked institutional funds hold MUNY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MUNY company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 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
The tracked-fund tape on MUNY is one-sided between 2025-Q4 and 2026-Q1: 22 added or opened and 3 trimmed or exited — on balance accumulating.
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
MUNY’s largest tracked holder by dollar value, Bridgewater Advisors Inc., sizes it at 1.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MUNY 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 42 tracked filers holding MUNY, 37 increased or opened the position and 7 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 MUNY 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 9
- WNY Asset Management, LLC$8M
- HighTower Advisors, LLC$3M
- JOURNEY STRATEGIC WEALTH LLC$3M
- Rise Advisors, LLC$3M
- Tower Research Capital LLC (TRC)$2M
- Creative Planning$837K
Full exits 1
- OLD MISSION CAPITAL LLC$557K
Largest adds
- Bridgewater Advisors Inc.$8M
- JANE STREET GROUP, LLC$6M
- GUGGENHEIM CAPITAL LLC$2M
- Rialto Wealth Management, LLC$2M
- Francis Financial, Inc.$2M
- IEQ CAPITAL, LLC$2M
Largest trims
- Elequin Capital, LP$2M
- RAYMOND JAMES FINANCIAL INC$2M
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 |
|---|---|---|---|---|
| Bridgewater Advisors Inc. added | 265,762 | $27M | 26.3% | 2026-Q1 |
| Francis Financial, Inc. added | 149,626 | $15M | 14.7% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 82,394 | $8M | 8.1% | 2026-Q1 |
| WNY Asset Management, LLC new | 79,398 | $8M | 7.8% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 70,465 | $7M | 6.9% | 2026-Q1 |
| HighTower Advisors, LLC new | 31,501 | $3M | 3.1% | 2026-Q1 |
| JOURNEY STRATEGIC WEALTH LLC new | 30,983 | $3M | 3.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 28,260 | $3M | 2.8% | 2026-Q1 |
| Tortoise Investment Management, LLC added | 26,797 | $3M | 2.6% | 2026-Q1 |
| Rialto Wealth Management, LLC added | 25,629 | $3M | 2.5% | 2026-Q1 |
| Rise Advisors, LLC added | 24,668 | $3M | 2.4% | 2026-Q1 |
| Tower Research Capital LLC (TRC) new | 19,527 | $2M | 1.9% | 2026-Q1 |
| SATOVSKY ASSET MANAGEMENT LLC added | 16,952 | $2M | 1.7% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 15,712 | $2M | 1.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 13,667 | $1M | 1.3% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 10,923 | $1M | 1.1% | 2026-Q1 |
| LifeGoal Investments, LLC added | 8,468 | $867K | 0.8% | 2026-Q1 |
| Creative Planning new | 8,170 | $837K | 0.8% | 2026-Q1 |
| Crestwood Advisors Group, LLC added | 6,875 | $704K | 0.7% | 2026-Q1 |
| LPL Financial LLC new | 6,689 | $685K | 0.7% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV new | 6,136 | $629K | 0.6% | 2026-Q1 |
| CHATHAM CAPITAL GROUP, INC. new | 5,800 | $594K | 0.6% | 2026-Q1 |
| Joel Isaacson & Co., LLC added | 5,153 | $528K | 0.5% | 2026-Q1 |
| AMERICAN FINANCIAL & TAX STRATEGIES INC | 5,000 | $512K | 0.5% | 2026-Q1 |
| Graney & King, LLC added | 4,949 | $507K | 0.5% | 2026-Q1 |
| OGOREK ANTHONY JOSEPH /NY/ /ADV new | 4,879 | $499K | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,750 | $487K | 0.5% | 2026-Q1 |
| Bell Investment Advisors, Inc added | 4,745 | $486K | 0.5% | 2026-Q1 |
| Compass Planning Associates Inc added | 4,357 | $446K | 0.4% | 2026-Q1 |
| Wealthspire Advisors, LLC added | 4,119 | $422K | 0.4% | 2026-Q1 |
| Two West Capital Advisors LLC added | 2,907 | $301K | 0.3% | 2026-Q1 |
| CANANDAIGUA NATIONAL CORP new | 2,728 | $279K | 0.3% | 2026-Q1 |
| Platt Wealth Management LLC new | 2,400 | $245K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 2,290 | $234K | 0.2% | 2026-Q1 |
| Bouchey Financial Group Ltd | 1,972 | $203K | 0.2% | 2026-Q1 |
| ARMSTRONG ADVISORY GROUP, INC new | 1,926 | $197K | 0.2% | 2026-Q1 |
| Elequin Capital, LP trimmed | 1,597 | $164K | 0.2% | 2026-Q1 |
| S.A. Mason LLC new | 1,110 | $114K | 0.1% | 2026-Q1 |
| FIDUCIARY ADVISORS, INC. added | 435 | $45K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC | 280 | $29K | 0.0% | 2026-Q1 |
| UBS Group AG new | 100 | $10K | 0.0% | 2026-Q1 |
| MORGAN STANLEY new | 1 | $130 | 0.0% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 5,393 | $557K | 0.5% | 2025-Q4 stale |
| GOLDMAN SACHS GROUP INC new | 5,331 | $539K | 0.5% | 2025-Q2 stale |
| SageView Advisory Group, LLC new | 4,182 | $432K | 0.4% | 2025-Q4 stale |
| Bravias Capital Group, LLC new | 3,908 | $403K | 0.4% | 2025-Q4 stale |
| Main Street Financial Solutions, LLC new | 2,580 | $266K | 0.3% | 2025-Q4 stale |
| Private Advisor Group, LLC | 2,000 | $206K | 0.2% | 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.