LHA Market State Tactical Beta ETF
MSTB
19 hedge funds and large institutions have $113M invested in LHA Market State Tactical Beta ETF in 2025 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
10% more capital invested
Capital invested by funds: $102M → $113M (+$10.3M)
6% more funds holding
Funds holding: 18 → 19 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.55% less ownership
Funds ownership: 75.74% → 74.19% (-1.5%)
48% less call options, than puts
Call options by funds: $31K | Put options by funds: $60K
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.41M |
| 2 |
GS
GTS Securities
Miami,
Florida
|
+$470K |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$452K |
| 4 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$44.3K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$7.39K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$2.82M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.18M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$1.13M |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$1.01M |
| 5 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$319K |
MSTB Hedge Fund Activity: Q2 2025 in Review
19 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in LHA Market State Tactical Beta ETF (MSTB) for Q2 2025, worth a combined $113M — up 10% from $102M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MSTB positions and 3 closed out — a net gain of 1 holder — while 3 added to existing stakes and 9 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $1.41M. The largest seller was RFG Advisory, exiting entirely with an estimated $2.82M sold.
- 19 institutional investors held LHA Market State Tactical Beta ETF (MSTB) as of Q2 2025, up from 18 in Q1 2025.
- Funds reported $113M of LHA Market State Tactical Beta ETF stock for Q2 2025, up 10% quarter-over-quarter.
- 4 funds opened new LHA Market State Tactical Beta ETF positions in Q2 2025 and 3 closed out, a net change of +1 holder.
- The largest LHA Market State Tactical Beta ETF buyer in Q2 2025 was Envestnet Asset Management, an estimated $1.41M added.
- The largest LHA Market State Tactical Beta ETF seller in Q2 2025 was RFG Advisory, an estimated $2.82M sold.
Based on aggregated 13F filings for Q2 2025.