PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

SMMU • ARCA

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund is an exchange-traded fund on ARCA. As of Q3 2025, 176 institutional investors hold shares in this ETF, with total holdings valued at $899.6M. MORGAN STANLEY is the largest holder with a position valued at $185.2M.

Overview

Overview of institutional ownership in SMMU as of Q3 2025

All Institutions

Institutions: 176
Value Held: $899.6M
Shares Held: 17.8M
Avg Position: $5.1M
Median Position: $831.2K

Hedge Funds

Hedge Funds: 2
Value Held: $1.3M
Shares Held: 25.6K
Avg Position: $646.8K
Median Position: $646.8K

Biggest Investors

Institutions with the largest positions in SMMU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$185.2M 0.01% of portfolio	3.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$55.5M 0.00% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Stonebridge Financial Group, LLC RIA/Wealth	William Connors Managing Partner	$53.2M 4.68% of portfolio	1.1M shares	Q4 2024 Held for 11 months	$1.1B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$48.5M 0.00% of portfolio	958.8K shares	Q1 2021 Held for 4y 8m	$1.56T
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	James Fielding Miller CEO	$48.4M 0.10% of portfolio	956.9K shares	Q4 2022 Held for 2y 11m	$48.9B
Dynasty Wealth Management, LLC Fund of Funds	Shirl Thomas Penney CEO	$40.0M 0.54% of portfolio	791.6K shares	Q1 2024 Held for 1y 8m	$7.5B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$39.8M 0.06% of portfolio	788.9K shares	Q2 2023 Held for 2y 5m	$65.5B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$37.2M 0.04% of portfolio	735.6K shares	Q1 2024 Held for 1y 8m	$85.4B
CWM, LLC RIA/Wealth	George Burton White CEO	$34.8M 0.11% of portfolio	687.5K shares	Q4 2021 Held for 3y 11m	$31.5B
SAGESPRING WEALTH PARTNERS, LLC RIA/Wealth	Jeffrey Thomas Dobyns CEO	$28.2M 0.54% of portfolio	558.4K shares	Q4 2024 Held for 11 months	$5.3B

Net Capital Flow

Institutional buying and selling activity for SMMU in Q3 2025

Traded: +$115.5M
Buyers: 96
Sellers: 73
Total Bought: +$138.5M
Total Sold: −$23.0M
Avg Position: $4.8M

Biggest Buyers

Institution	Net Bought	Current Position
Dynasty Wealth Management, LLC Fund of Funds	+$40.0M +791.6K shares	$40.0M 791.6K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$21.9M +432.8K shares	$48.4M 956.9K shares
MORGAN STANLEY RIA/Wealth	+$17.7M +349.6K shares	$185.2M 3.7M shares
CWM, LLC RIA/Wealth	+$7.4M +147.1K shares	$34.8M 687.5K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$4.8M +95.5K shares	$14.6M 288.1K shares
Integrated Wealth Concepts LLC RIA/Wealth	+$4.7M +93.4K shares	$4.9M 97.6K shares
Gateway Wealth Partners, LLC RIA/Wealth	+$3.5M +69.8K shares	$3.5M 69.8K shares
JPMORGAN CHASE & CO Institution	+$3.3M +65.5K shares	$48.5M 958.8K shares
F FLOW TRADERS U.S. LLC Institution	+$2.8M +54.8K shares	$2.8M 54.8K shares
Cetera Investment Advisers RIA/Wealth	+$2.7M +54.4K shares	$37.2M 735.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
K Krasney Financial LLC RIA/Wealth	−$2.8M −55.9K shares	$1.7M 34.1K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$2.7M −53.3K shares	$39.8M 788.9K shares
J JANE STREET GROUP, LLC Institution	−$1.9M −38.8K shares	Sold Off 0 shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	−$1.9M −38.2K shares	$365.2K 7.2K shares
Biltmore Wealth Management, LLC RIA/Wealth	−$1.6M −31.6K shares	$20.1M 398.4K shares
Goss Wealth Management LLC RIA/Wealth	−$1.4M −27.7K shares	$3.4M 67.2K shares
ABLE Financial Group, LLC RIA/Wealth	−$961.6K −19.0K shares	$2.7M 53.4K shares
Financial Advocates Investment Management RIA/Wealth	−$699.0K −13.9K shares	Sold Off 0 shares
SAGESPRING WEALTH PARTNERS, LLC RIA/Wealth	−$670.8K −13.3K shares	$28.2M 558.4K shares
Abacus Planning Group, Inc. RIA/Wealth	−$627.1K −12.5K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SMMU in Q3 2025

New Positions: 16
New Value: $13.3M
Exited Positions: 13
Exited Value: $4.2M

New Positions

Institution	Position Value
Gateway Wealth Partners, LLC RIA/Wealth	$3.5M 69.8K shares
Wright Fund Managment, LLC Long Only Manager	$2.1M 41.3K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$1.2M 24.6K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$1.2M 24.6K shares
Summit Financial, LLC RIA/Wealth	$1.1M 21.2K shares
V Vise Technologies, Inc. Institution	$1.0M 20.1K shares
Wealthcare Advisory Partners LLC RIA/Wealth	$583.0K 11.5K shares
Strategic Wealth Partners, Ltd. RIA/Wealth	$581.6K 11.5K shares
A Apella Capital, LLC Institution	$455.2K 9.0K shares
William Mack & Associates, Inc. RIA/Wealth	$309.5K 6.1K shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$1.9M 38.8K shares
Financial Advocates Investment Management RIA/Wealth	$699.0K 13.9K shares
Abacus Planning Group, Inc. RIA/Wealth	$627.1K 12.5K shares
Private Advisor Group, LLC RIA/Wealth	$298.4K 5.9K shares
Bridgewealth Advisory Group, LLC RIA/Wealth	$227.1K 4.5K shares
Sollinda Capital Management LLC RIA/Wealth	$203.7K 4.1K shares
C CVA Family Office, LLC Institution	$129.8K 2.6K shares
Briaud Financial Planning, Inc RIA/Wealth	$15.2K 302.0 shares
Aptus Capital Advisors, LLC ETF Provider	$14.2K 283.0 shares
Crewe Advisors LLC RIA/Wealth	$11.7K 234.0 shares

Options Activity

Institutions with the largest Call and Put options positions in SMMU as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SMMU as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Biltmore Wealth Management, LLC RIA/Wealth	Timothy Alan Carpenter Managing Partner	7.69% $20.1M	398.4K shares	Q2 2023 Held for 2y 5m	$262.0M
Stonebridge Financial Group, LLC RIA/Wealth	William Connors Managing Partner	4.68% $53.2M	1.1M shares	Q4 2024 Held for 11 months	$1.1B
A AIFG Consultants Ltd. Institution	-	4.31% $2.4M	47.7K shares	Q4 2024 Held for 11 months	$56.0M
CarsonAllaria Wealth Management, Ltd. RIA/Wealth	Connie Nmn Mack CCO	2.38% $4.6M	90.5K shares	Q4 2021 Held for 3y 11m	$192.3M
C Cedar Point Capital Partners, LLC RIA/Wealth	Bridget Celia Davis CCO	2.09% $3.2M	63.1K shares	Q4 2023 Held for 1y 11m	$152.5M
WEBSTERROGERS FINANCIAL ADVISORS, LLC RIA/Wealth	Amy Marie Fisher Managing Partner	2.02% $6.7M	133.0K shares	Q4 2020 Held for 4y 11m	$333.1M
TD Capital Management LLC RIA/Wealth	Nimrod Gordon Thompson Managing Partner	1.66% $18.4M	364.3K shares	Q3 2013 Held for 12y 2m	$1.1B
CONDOR CAPITAL MANAGEMENT RIA/Wealth	Kenneth Paul Schapiro CEO	1.08% $13.1M	259.4K shares	Q4 2021 Held for 3y 11m	$1.2B
Kelman-Lazarov, Inc. RIA/Wealth	Martin Samuel Kelman Chairman	1.02% $6.8M	134.8K shares	Q1 2023 Held for 2y 8m	$671.0M
Crumly & Associates Inc. RIA/Wealth	Scott Michael Norris CEO	0.98% $4.5M	88.5K shares	Q4 2019 Held for 5y 11m	$455.6M

Hedge Fund Spotlight

Discover hedge funds investing in SMMU

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Market Value: $928.4K
Shares Held: 18.4K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%