Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
MUNB
4 hedge funds and large institutions have $4.73M invested in Northern Trust 2035 Tax-Exempt Distributing Ladder ETF in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, reducing their positions, and 1 closing their positions.
2.92% less ownership
Funds ownership: 49.75% → 46.83% (-2.9%)
6% less capital invested
Capital invested by funds: $5.03M → $4.73M (-$300K)
20% less funds holding
Funds holding: 5 → 4 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$715K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OMC
1
Old Mission Capital
Chicago,
Illinois
| $1.7M | +$715K | +7,078 | +73% |
|
2
Bank of America
Charlotte,
North Carolina
| $1.01M | – | – | – |
|
3
JP Morgan Chase
New York
| $1.01M | – | – | – |
|
4
Morgan Stanley
New York
| $1.01M | – | – | – |
|
|
5
Wells Fargo
San Francisco,
California
| – | -$1.01M | -10,000 | Closed |
|
MUNB Hedge Fund Activity: Q4 2025 in Review
4 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) for Q4 2025, worth a combined $4.73M — down 6% from $5.03M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of MUNB and 0 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 1 added.
The largest buyer was Old Mission Capital, adding an estimated $715K. The largest seller was Wells Fargo, exiting entirely with an estimated $1.01M sold.
- 4 institutional investors held Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) as of Q4 2025, down from 5 in Q3 2025.
- Funds reported $4.73M of Northern Trust 2035 Tax-Exempt Distributing Ladder ETF stock for Q4 2025, down 6% quarter-over-quarter.
- 0 funds opened new Northern Trust 2035 Tax-Exempt Distributing Ladder ETF positions in Q4 2025 and 1 closed out, a net change of -1 holder.
- The largest Northern Trust 2035 Tax-Exempt Distributing Ladder ETF buyer in Q4 2025 was Old Mission Capital, an estimated $715K added.
- The largest Northern Trust 2035 Tax-Exempt Distributing Ladder ETF seller in Q4 2025 was Wells Fargo, an estimated $1.01M sold.
Based on aggregated 13F filings for Q4 2025.