Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Pimco ETF Tr (MUNI)

430 + Investors. Track Smart Money conviction in MUNI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +27
Streak
11Q ▲
Buyers last Q
68%

Smart Money Signals — MUNI

Based on 434 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added MUNI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
434 hedge funds hold MUNI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +34% more funds vs a year ago

fund count last 6Q
+110 new funds entered over the past year (+34% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 68% buying

274 buying127 selling
Last quarter: 274 funds were net buyers (54 opened a brand new position + 220 added to an existing one). Only 127 were sellers (100 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 47 → 45 → 61 → 54. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 29% medium ■ 23% new
206 out of 434 hedge funds have held MUNI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

37 → 47 → 45 → 61 → 54 new funds/Q
New funds entering each quarter: 47 → 45 → 61 → 54. A growing number of institutions are discovering MUNI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 47% veterans vs 32% newcomers

■ 47% veterans ■ 20% 1-2yr ■ 32% new
Entry-cohort mix of 435 holders: 206 (47%) are 2+ year veterans, 89 entered 1–2 years ago, and 140 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
20 of 433 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MUNI

In 2026 Q1, 274 hedge funds were net buyers of MUNI (54 opened a new position, 220 added to an existing one), while 127 reduced or exited (100 trimmed, 27 sold completely) — a 68% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 38% of total institutional value in MUNI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +27 funds (more new holders than closures). Total institutional holders: 434.

Hedge Fund Ownership: MUNI

How many hedge funds hold MUNI — quarterly history vs. share price
Quarterly hedge fund ownership of MUNI vs. share price

Market Analysis: MUNI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MUNI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Pimco ETF Tr (MUNI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MUNI has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
MUNI
+0.5%
SPY
+15.9%

MUNI outperformed SPY by -15.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
MUNI
+1.1%
SPY
+2.0%

Since the filing became public, MUNI outperformed SPY by -0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 9 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: MUNI
430 + Investors

Track Smart Money conviction in MUNI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 430 407 5.65%
13F Shares 41M 38M 6.23%
Total Value $2.04B $2.00B 2.04%
New Positions 50 61 -11
Increased Positions 220 197 +23
Closed Positions 27 27 -
Reduced Positions 100 98 +2
Total Calls 2 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MUNI

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Institutional Holders (2026 Q1)

430 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MUNI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MUNI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pw Advisors, LLC \ Fl 11.21% 286,702 $15.0M
2 Avant Financial Advisors LLC 4.70% 127,965 $6.7M
3 Shotwell Rutter Baer Inc 4.26% 138,816 $7.2M
4 Altura Wealth Advisors Inc. 3.94% 172,955 $9.0M
5 Smith Partners Wealth Management, LLC 3.81% 81,495 $4.3M
6 Crestmont Private Wealth LLC 3.30% 200,394 $10.5M
7 Benchmark Financial Wealth Advisors, LLC 3.27% 226,526 $11.8M
8 Austin Wealth Management, LLC 2.89% 243,938 $12.7M
9 Keyvantage Wealth, LLC 2.75% 119,728 $6.2M
10 Stonebridge Financial Group, LLC 2.61% 607,773 $31.7M
11 Morton Brown Family Wealth, LLC 2.49% 180,642 $9.4M
12 Wealth Alliance Advisory Group, LLC 2.48% 300,458 $15.7M
13 Paces Ferry Wealth Advisors, LLC 2.47% 114,350 $6.0M
14 Equita Financial Network, Inc. 2.41% 146,845 $7.7M
15 Saxon Interests, INC. 2.31% 128,573 $6.7M
16 Flagstone Financial Management 2.15% 166,076 $8.7M
17 Genesis Private Wealth, LLC 1.93% 117,410 $6.1M
18 Elyxium Wealth, LLC 1.90% 113,584 $5.9M
19 Paladin Advisory Group, LLC 1.88% 47,483 $2.5M
20 MBL Wealth, LLC 1.88% 475,823 $24.8M
21 XY Planning Network, Inc. 1.81% 216,985 $11.3M
22 Financial Discovery Group Inc 1.69% 13,869 $724K
23 Taylor & Morgan Wealth Management, LLC 1.68% 56,332 $2.9M
24 Clarity Wealth Development LLC 1.67% 39,189 $2.0M
25 CarsonAllaria Wealth Management, Ltd. 1.63% 63,378 $3.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Pimco ETF Tr (MUNI)

What does the Smart Money Trend signal show for MUNI?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added MUNI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for MUNI?

More buyers than sellers — 68% buying: Last quarter: 274 funds were net buyers (54 opened a brand new position + 220 added to an existing one). Only 127 were sellers (100 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for MUNI holders?

Strong quality — 38% AUM from major funds: 20 of 433 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MUNI?

47% of holders stayed for 2+ years: 206 out of 434 hedge funds have held MUNI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Pimco ETF Tr (MUNI) following the 2026 Q1 hedge fund 13F filings?

As of today, MUNI has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -0.9%. Since the quarter end (March 31, 2026), MUNI has gained +0.5% vs +15.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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