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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
CIAS
126
Capital Investment Advisory Services
North Carolina
$24.8K +$24.9K +1,415 New
IIM
127
IFC & Insurance Marketing
California
$19K +$19.5K +1,106 New
PNC Financial Services Group
128
PNC Financial Services Group
Pennsylvania
$13.9K +$13.9K +791 New
OC
129
Optima Capital
Oregon
$13.8K +$13.9K +790 New
GRP
130
Global Retirement Partners
California
$13.8K – – –
FNWA
131
Financial Network Wealth Advisors
Utah
$8.61K +$194 +11 +2%
SEP
132
Signature Equity Partners
Ohio
$7.65K +$7.67K +436 New
EWM
133
EPG Wealth Management
Georgia
$3.38K – – –
PFBT
134
Parkside Financial Bank & Trust
Missouri
$3.23K -$70 -4 -2%
EWM
135
Evolution Wealth Management
Florida
$1.44K – – –
RIL
136
Rothschild Investment LLC
Illinois
$789 – – –
BNP Paribas Financial Markets
137
BNP Paribas Financial Markets
France
$771 +$774 +44 New
AAP
138
Arax Advisory Partners
Colorado
$403 – – –
EC
139
Elequin Capital
New York
– -$651K -37,220 Closed
Citadel Advisors
140
Citadel Advisors
Florida
– -$646K -36,966 Closed
UWP
141
Uniting Wealth Partners
Kansas
– -$385K -22,006 Closed
TF
142
Tandem Financial
Colorado
– -$216K -12,371 Closed
IWC
143
Integrated Wealth Concepts
Massachusetts
– -$199K -11,385 Closed
BCI
144
Brinker Capital Investments
Pennsylvania
– -$178K -10,189 Closed
BBHC
145
Brown Brothers Harriman & Co
New York
– -$17K -973 Closed
WP
146
WealthShield Partners
North Carolina
– -$3.34K -191 Closed
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.