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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
WA
76
WBH Advisory
Maryland
$472K +$209K +11,875 +79%
ASN
77
Advisory Services Network
Georgia
$462K +$39.5K +2,244 +9%
VT
78
Vise Technologies
New York
$458K +$460K +26,146 New
FTUS
79
Flow Traders U.S.
New York
$442K +$444K +25,232 New
RFN
80
RDA Financial Network
Iowa
$442K +$138K +7,865 +45%
CW
81
Code Waechter
Florida
$434K – – –
Charles Schwab
82
Charles Schwab
California
$406K +$151K +8,564 +59%
RPSA
83
Richard P. Slaughter Associates
Texas
$401K -$12.2K -692 -3%
MGIA
84
Moneta Group Investment Advisors
Missouri
$382K +$18.7K +1,063 +5%
CAM
85
Cresset Asset Management
Illinois
$368K – – –
SI
86
Stephens Inc
Arkansas
$362K -$7.41K -421 -2%
SPIA
87
Steward Partners Investment Advisory
New York
$338K +$223K +12,674 +192%
SB
88
Strategic Blueprint
Georgia
$322K +$73.4K +4,170 +29%
HW
89
Hedeker Wealth
Illinois
$316K -$1.12M -63,830 -78%
WMA
90
West Michigan Advisors
Michigan
$304K -$96.2K -5,466 -24%
Comerica Bank
91
Comerica Bank
Texas
$302K +$178K +10,105 +141%
RCAG
92
Rehmann Capital Advisory Group
Michigan
$292K – – –
FM
93
Foster & Motley
Ohio
$291K – – –
PAS
94
PKS Advisory Services
New York
$286K – – –
MFG
95
Mustico Financial Group
New York
$281K – – –
Janney Montgomery Scott
96
Janney Montgomery Scott
Pennsylvania
$280K +$41K +2,327 +17%
CIA
97
Concurrent Investment Advisors
Florida
$280K -$70.3K -3,997 -20%
Susquehanna International Group
98
Susquehanna International Group
Pennsylvania
$266K +$267K +15,170 New
CL
99
Choreo LLC
Illinois
$245K – – –
MWM
100
Meridian Wealth Management
Kentucky
$242K +$1.51K +86 +0.6%
2 3
4
5 6

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.