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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
Envestnet Portfolio Solutions
51
Envestnet Portfolio Solutions
Illinois
$1.25M +$429K +24,359 +52%
WIA
52
World Investment Advisors
California
$1.14M +$1.15M +65,242 New
ML
53
McAdam LLC
Pennsylvania
$1.12M +$5.44K +309 +0.5%
FWA
54
FOCUS Wealth Advisors
Texas
$1.1M +$51.9K +2,950 +5%
I
55
INVST
Indiana
$1.1M +$273K +15,499 +33%
BW
56
Balance Wealth
Ohio
$1.09M +$272K +15,430 +33%
CW
57
CreativeOne Wealth
Kansas
$1.04M +$25.7K +1,462 +3%
KPWS
58
Kestra Private Wealth Services
Texas
$953K +$247K +14,050 +35%
ONB
59
Old National Bancorp
Indiana
$940K – – –
Royal Bank of Canada
60
Royal Bank of Canada
Ontario, Canada
$930K -$32.6K -1,852 -3%
AF
61
Allworth Financial
California
$872K +$13K +741 +2%
EWM
62
Elmwood Wealth Management
California
$847K +$76.8K +4,365 +10%
Wealth Enhancement Advisory Services
63
Wealth Enhancement Advisory Services
Minnesota
$787K +$349K +19,826 +79%
BAAM
64
Baker Avenue Asset Management
California
$726K -$96.8K -5,503 -12%
Osaic Holdings
65
Osaic Holdings
Arizona
$726K +$54.8K +3,114 +8%
MFG
66
Magnus Financial Group
New York
$722K +$127K +7,234 +21%
UBS AM
67
UBS AM
Illinois
$706K +$708K +40,251 New
FDW
68
Fourth Dimension Wealth
Ohio
$643K +$78.8K +4,477 +14%
HI
69
Hyundai Investments
South Korea
$640K +$641K +36,426 New
AFP
70
Ausdal Financial Partners
Iowa
$636K +$87.5K +4,972 +16%
CG
71
CFO4Life Group
Texas
$628K – – –
Rockefeller Capital Management
72
Rockefeller Capital Management
New York
$605K +$349K +19,832 +135%
PAG
73
Private Advisor Group
New Jersey
$601K +$3.82K +217 +0.6%
IA
74
IFP Advisors
Florida
$547K -$167K -9,482 -23%
CPL
75
CAP Partners LLC
Tennessee
$476K +$28.7K +1,629 +6%
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.