SUB β€” ISHARES SHORT-TERM NATIONAL MUNI BOND ETF

Ownership history in Salomon & Ludwin, LLC  Β·  13 quarters on record

This page tracks every 13F SEC filing in which Salomon & Ludwin, LLC reported a position in ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
6.56% (2025 Q1)
πŸ“Š Avg. % of fund
5.18%
πŸ“… First filed
2022 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
13

Position Intelligence

Salomon & Ludwin, LLC Γ— SUB AI Analytics

πŸ“‰ Salomon & Ludwin, LLC underperformed the S&P 500 by –18.0% annually on this SUB position. Timing score: 80% (8/10 decisions correct). Average cost basis: $100.26. Maximum drawdown during holding period: –0.9%.

πŸ“ˆ Position Alpha vs SPY
-18.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 18.0% ann.
11 quarters analyzed

⏱️ Timing Score
80%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
8 of 10 add/trim decisions correct

πŸ’° Entry Quality
$100.26
+6.0% vs current ($106.25)

Best entry: $97.27 (2023 Q3)  Β·  Worst: $106.25 (2025 Q4)

πŸ›‘οΈ Drawdown Resilience
–0.9%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
100%
buy-side decisions

12 adds Β· 0 trims. Bought during 3 of 3 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 6.26% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SUB price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 663,262 +27,347 +4.3% 6.26% $70.9M $106.25
2025 Q3 ADDED 635,915 +36,668 +6.1% 6.10% $67.8M $105.43
2025 Q2 ADDED 599,247 +16,773 +2.9% 6.29% $63.7M $104.35
2025 Q1 ADDED 582,474 +22,832 +4.1% 6.56% $61.5M $103.03
2024 Q4 ADDED 559,642 +10,221 +1.9% 6.25% $59.0M $102.51
2024 Q3 ADDED 549,421 +37,631 +7.4% 5.95% $58.4M $102.45
2024 Q2 ADDED 511,790 +7,843 +1.6% 5.97% $53.5M $100.34
2024 Q1 ADDED 503,947 +57,960 +13.0% 4.54% $52.8M $100.00
2023 Q4 UNCHANGED 445,987 β€” 0% 4.79% $45.9M $100.33
2023 Q3 ADDED 445,987 +71,766 +19.2% 4.79% $45.9M $97.27
3 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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