ActivePassive Intermediate Municipal Bond ETF
APMU
21 hedge funds and large institutions have $225M invested in ActivePassive Intermediate Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 3 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
9.2% more ownership
Funds ownership: 109.2% → 118.4% (+9.2%)
8% more capital invested
Capital invested by funds: $208M → $225M (+$17.1M)
5% less funds holding
Funds holding: 22 → 21 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$9.76M |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
+$3.79M |
| 3 |
PS
Principal Securities
Des Moines,
Iowa
|
+$2.27M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.02M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$699K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Park Avenue Securities
New York
|
-$817K |
| 2 |
Jane Street
New York
|
-$255K |
| 3 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
-$233K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$113K |
| 5 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$25.5K |
APMU Hedge Fund Activity: Q4 2025 in Review
21 of the 8,275 institutional investors tracked by Wall St. Rank reported a position in ActivePassive Intermediate Municipal Bond ETF (APMU) for Q4 2025, worth a combined $225M — up 8.2% from $208M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of APMU and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 11 added.
The largest buyer was Envestnet Asset Management, adding an estimated $9.76M. The largest seller was Park Avenue Securities, exiting entirely with an estimated $817K sold.
- 21 institutional investors held ActivePassive Intermediate Municipal Bond ETF (APMU) as of Q4 2025, down from 22 in Q3 2025.
- Funds reported $225M of ActivePassive Intermediate Municipal Bond ETF stock for Q4 2025, up 8.2% quarter-over-quarter.
- 2 funds opened new ActivePassive Intermediate Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of -1 holder.
- The largest ActivePassive Intermediate Municipal Bond ETF buyer in Q4 2025 was Envestnet Asset Management, an estimated $9.76M added.
- The largest ActivePassive Intermediate Municipal Bond ETF seller in Q4 2025 was Park Avenue Securities, an estimated $817K sold.
Based on aggregated 13F filings for Q4 2025.