LHA Market State Tactical Beta ETF
MSTB
21 hedge funds and large institutions have $107M invested in LHA Market State Tactical Beta ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
17% more funds holding
Funds holding: 18 → 21 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0% more call options, than puts
Call options by funds: $1K | Put options by funds: $1K
4% less capital invested
Capital invested by funds: $112M → $107M (-$4.33M)
1.29% less ownership
Funds ownership: 61.42% → 60.12% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$4.03M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$2.32M |
| 3 |
PWM
Palumbo Wealth Management
Great Neck,
New York
|
+$1.87M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$940K |
| 5 |
FWP
Forefront Wealth Partners
Austin,
Texas
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
-$11.5M |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$2.23M |
| 3 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$625K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$415K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$127K |
MSTB Hedge Fund Activity: Q4 2025 in Review
21 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in LHA Market State Tactical Beta ETF (MSTB) for Q4 2025, worth a combined $107M — down 3.9% from $112M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MSTB positions and 2 closed out — a net gain of 3 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Brookstone Capital Management, adding an estimated $4.03M. The largest seller was Milestone Asset Management, cutting an estimated $11.5M.
- 21 institutional investors held LHA Market State Tactical Beta ETF (MSTB) as of Q4 2025, up from 18 in Q3 2025.
- Funds reported $107M of LHA Market State Tactical Beta ETF stock for Q4 2025, down 3.9% quarter-over-quarter.
- 5 funds opened new LHA Market State Tactical Beta ETF positions in Q4 2025 and 2 closed out, a net change of +3 holders.
- The largest LHA Market State Tactical Beta ETF buyer in Q4 2025 was Brookstone Capital Management, an estimated $4.03M added.
- The largest LHA Market State Tactical Beta ETF seller in Q4 2025 was Milestone Asset Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q4 2025.