LHA Market State Tactical Beta ETF
MSTB
18 hedge funds and large institutions have $112M invested in LHA Market State Tactical Beta ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 4 closing their positions.
183% more call options, than puts
Call options by funds: $17K | Put options by funds: $6K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $113M → $112M (-$848K)
5% less funds holding
Funds holding: 19 → 18 (-1)
12.78% less ownership
Funds ownership: 74.19% → 61.42% (-13%)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
70% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
+$18.1M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$3.04M |
| 3 |
FWP
Forefront Wealth Partners
Austin,
Texas
|
+$1.37M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$400K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$26.7M |
| 2 |
PWM
Palumbo Wealth Management
Great Neck,
New York
|
-$1.94M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$761K |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$738K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$479K |
MSTB Hedge Fund Activity: Q3 2025 in Review
18 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in LHA Market State Tactical Beta ETF (MSTB) for Q3 2025, worth a combined $112M — down 0.75% from $113M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MSTB and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 3 added.
The largest buyer was Milestone Asset Management, adding an estimated $18.1M. The largest seller was AlphaStar Capital Management, cutting an estimated $26.7M.
- 18 institutional investors held LHA Market State Tactical Beta ETF (MSTB) as of Q3 2025, down from 19 in Q2 2025.
- Funds reported $112M of LHA Market State Tactical Beta ETF stock for Q3 2025, down 0.75% quarter-over-quarter.
- 3 funds opened new LHA Market State Tactical Beta ETF positions in Q3 2025 and 4 closed out, a net change of -1 holder.
- The largest LHA Market State Tactical Beta ETF buyer in Q3 2025 was Milestone Asset Management, an estimated $18.1M added.
- The largest LHA Market State Tactical Beta ETF seller in Q3 2025 was AlphaStar Capital Management, an estimated $26.7M sold.
Based on aggregated 13F filings for Q3 2025.