VanEck High Yield Muni ETF
344 hedge funds and large institutions have $2.96B invested in VanEck High Yield Muni ETF in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 142 increasing their positions, 117 reducing their positions, and 30 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
43% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 30
21% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 117
17% more capital invested
Capital invested by funds: $2.54B → $2.96B (+$420M)
3% more funds holding
Funds holding: 335 → 344 (+9)
0.78% more ownership
Funds ownership: 72.73% → 73.51% (+0.78%)
65% less call options, than puts
Call options by funds: $9.93M | Put options by funds: $28.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFI
American Family Investments
Madison,
Wisconsin
|
+$148M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$111M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$66.6M |
| 4 |
Goldman Sachs
New York
|
+$49.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$47.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$33.3M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$17.7M |
| 3 |
Morgan Stanley
New York
|
-$8.83M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$8.35M |
| 5 |
SWGC
Summit Wealth Group (Colorado)
Colorado Springs,
Colorado
|
-$6.22M |
HYD Hedge Fund Activity: Q4 2025 in Review
344 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2025, worth a combined $2.96B — up 17% from $2.54B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new HYD positions and 30 closed out — a net gain of 13 holders — while 142 added to existing stakes and 117 trimmed.
The largest buyer was American Family Investments, opening a new position worth an estimated $148M. The largest seller was Ameriprise, cutting an estimated $33.3M.
- 344 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2025, up from 335 in Q3 2025.
- Funds reported $2.96B of VanEck High Yield Muni ETF stock for Q4 2025, up 17% quarter-over-quarter.
- 43 funds opened new VanEck High Yield Muni ETF positions in Q4 2025 and 30 closed out, a net change of +13 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2025 was American Family Investments, an estimated $148M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2025 was Ameriprise, an estimated $33.3M sold.
Based on aggregated 13F filings for Q4 2025.