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VanEck Long Muni ETF
MLN

138 hedge funds and large institutions have $573M invested in VanEck Long Muni ETF in 2025 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 71 increasing their positions, 29 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 8

145% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 29

9% more capital invested

Capital invested by funds: $526M → $573M (+$47.3M)

9% more funds holding

Funds holding: 127 → 138 (+11)

0.66% more ownership

Funds ownership: 88.25% → 88.91% (+0.66%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
138
Holders Change
+11
Holders Change %
+8.66%
% of All Funds
1.68%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
20
Increased
71
Reduced
29
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$27.7M
2
LPL Financial
LPL Financial
California
+$9.02M
3
BI
Bramshill Investments
Florida
+$8.87M
4
KIM
Kestra Investment Management
Texas
+$8.84M
5
Bank of America
Bank of America
North Carolina
+$5.07M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$15.4M
2
Raymond James Financial
Raymond James Financial
Florida
-$11.1M
3
HighTower Advisors
HighTower Advisors
Illinois
-$6.57M
4
MWAM
Manhattan West Asset Management
California
-$2.1M
5
Stifel Financial
Stifel Financial
Missouri
-$2.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$5.44M +$1.36M +77,018 +33%
Stifel Financial
27
Stifel Financial
Missouri
$4.93M -$2.09M -119,035 -30%
SA
28
Sanctuary Advisors
Indiana
$4.22M +$93.1K +5,293 +2%
Jane Street
29
Jane Street
New York
$4.15M +$3.91M +222,267 +1,533%
WIM
30
Westside Investment Management
California
$3.75M +$912K +51,830 +32%
OIA
31
OneDigital Investment Advisors
Kansas
$3.72M -$36.3K -2,064 -1%
KAS
32
Kestra Advisory Services
Texas
$3.02M +$1.54M +87,481 +103%
BEI
33
Benjamin Edwards Inc
Missouri
$2.89M -$920K -52,259 -24%
Ameriprise
34
Ameriprise
Minnesota
$2.81M +$59.1K +3,356 +2%
CIM
35
Confluence Investment Management
Missouri
$2.75M -$1.25M -71,220 -31%
AWM
36
AE Wealth Management
Kansas
$2.6M +$77.4K +4,397 +3%
Truist Financial
37
Truist Financial
North Carolina
$2.55M +$1.61M +91,647 +170%
WA
38
Waverly Advisors
Alabama
$2.34M +$170K +9,675 +8%
Jones Financial Companies
39
Jones Financial Companies
Missouri
$2.07M +$315K +17,919 +18%
TCWM
40
Total Clarity Wealth Management
Illinois
$2.05M +$2.06M +117,135 New
SC
41
Sykon Capital
New York
$2.05M +$1.36M +77,269 +195%
NW
42
NewEdge Wealth
Pennsylvania
$2.03M -$1.48M -84,192 -42%
BCWM
43
Bartlett & Co Wealth Management
Ohio
$1.79M +$262K +14,875 +17%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$1.76M +$364K +20,662 +26%
WCFP
45
White & Co Financial Planning
Washington
$1.74M – – –
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$1.69M +$2.55K +145 +0.2%
OAJ
47
Ogorek Anthony Joseph
New York
$1.52M -$375K -21,318 -20%
BC
48
Bowman & Company
Wisconsin
$1.39M +$16.8K +956 +1%
MAG
49
Meadowbrook Advisors Group
New Jersey
$1.37M +$1.37M +78,001 New
CAWM
50
Capital Advisors Wealth Management
Washington
$1.28M +$118K +6,678 +10%
1
2
3 4 5

MLN Hedge Fund Activity: Q4 2025 in Review

138 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in VanEck Long Muni ETF (MLN) for Q4 2025, worth a combined $573M — up 9% from $526M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new MLN positions and 8 closed out — a net gain of 12 holders — while 71 added to existing stakes and 29 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $27.7M. The largest seller was Wellington Management Group, cutting an estimated $15.4M.

  • 138 institutional investors held VanEck Long Muni ETF (MLN) as of Q4 2025, up from 127 in Q3 2025.
  • Funds reported $573M of VanEck Long Muni ETF stock for Q4 2025, up 9% quarter-over-quarter.
  • 20 funds opened new VanEck Long Muni ETF positions in Q4 2025 and 8 closed out, a net change of +12 holders.
  • The largest VanEck Long Muni ETF buyer in Q4 2025 was Envestnet Asset Management, an estimated $27.7M added.
  • The largest VanEck Long Muni ETF seller in Q4 2025 was Wellington Management Group, an estimated $15.4M sold.

Based on aggregated 13F filings for Q4 2025.