Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
MUNC
7 hedge funds and large institutions have $10.1M invested in Northern Trust 2045 Tax-Exempt Distributing Ladder ETF in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
17% more funds holding
Funds holding: 6 → 7 (+1)
1% less capital invested
Capital invested by funds: $10.3M → $10.1M (-$152K)
2% less ownership
Funds ownership: 100.47% → 98.47% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$687K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$265K |
| 3 |
Jane Street
New York
|
+$56K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OMC
1
Old Mission Capital
Chicago,
Illinois
| $2.86M | +$687K | +6,692 | +32% |
|
2
Bank of America
Charlotte,
North Carolina
| $2.06M | – | – | – |
|
3
Morgan Stanley
New York
| $2.06M | – | – | – |
|
4
JP Morgan Chase
New York
| $1.54M | – | – | – |
|
|
5
Wells Fargo
San Francisco,
California
| $840K | -$1.21M | -11,822 | -59% |
|
|
6
Jane Street
New York
| $502K | +$56K | +545 | +13% |
|
|
7
Northern Trust
Chicago,
Illinois
| $266K | +$265K | +2,584 | New |
|
MUNC Hedge Fund Activity: Q4 2025 in Review
7 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) for Q4 2025, worth a combined $10.1M — down 1.5% from $10.3M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new MUNC positions and 0 closed out — a net gain of 1 holder — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Old Mission Capital, adding an estimated $687K. The largest seller was Wells Fargo, cutting an estimated $1.21M.
- 7 institutional investors held Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) as of Q4 2025, up from 6 in Q3 2025.
- Funds reported $10.1M of Northern Trust 2045 Tax-Exempt Distributing Ladder ETF stock for Q4 2025, down 1.5% quarter-over-quarter.
- 1 fund opened new Northern Trust 2045 Tax-Exempt Distributing Ladder ETF positions in Q4 2025 and 0 closed out, a net change of +1 holder.
- The largest Northern Trust 2045 Tax-Exempt Distributing Ladder ETF buyer in Q4 2025 was Old Mission Capital, an estimated $687K added.
- The largest Northern Trust 2045 Tax-Exempt Distributing Ladder ETF seller in Q4 2025 was Wells Fargo, an estimated $1.21M sold.
Based on aggregated 13F filings for Q4 2025.