Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
MUNC
6 hedge funds and large institutions have $7.98M invested in Northern Trust 2045 Tax-Exempt Distributing Ladder ETF in 2026 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 1 closing their positions.
14% less funds holding
Funds holding: 7 → 6 (-1)
19.95% less ownership
Funds ownership: 98.47% → 78.52% (-20%)
21% less capital invested
Capital invested by funds: $10.1M → $7.98M (-$2.14M)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$840K |
| 3 |
Jane Street
New York
|
-$51.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Bank of America
Charlotte,
North Carolina
| $2.03M | – | – | – |
|
2
Morgan Stanley
New York
| $2.03M | – | – | – |
|
|
OMC
3
Old Mission Capital
Chicago,
Illinois
| $1.56M | -$1.29M | -12,501 | -45% |
|
4
JP Morgan Chase
New York
| $1.52M | – | – | – |
|
|
5
Jane Street
New York
| $447K | -$51.2K | -495 | -10% |
|
|
6
Northern Trust
Chicago,
Illinois
| $387K | +$127K | +1,223 | +47% |
|
|
7
Wells Fargo
San Francisco,
California
| – | -$840K | -8,178 | Closed |
|
MUNC Hedge Fund Activity: Q1 2026 in Review
6 of the 8,130 institutional investors tracked by Wall St. Rank reported a position in Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) for Q1 2026, worth a combined $7.98M — down 21% from $10.1M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of MUNC and 0 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 1 added.
The largest buyer was Northern Trust, adding an estimated $127K. The largest seller was Old Mission Capital, cutting an estimated $1.29M.
- 6 institutional investors held Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) as of Q1 2026, down from 7 in Q4 2025.
- Funds reported $7.98M of Northern Trust 2045 Tax-Exempt Distributing Ladder ETF stock for Q1 2026, down 21% quarter-over-quarter.
- 0 funds opened new Northern Trust 2045 Tax-Exempt Distributing Ladder ETF positions in Q1 2026 and 1 closed out, a net change of -1 holder.
- The largest Northern Trust 2045 Tax-Exempt Distributing Ladder ETF buyer in Q1 2026 was Northern Trust, an estimated $127K added.
- The largest Northern Trust 2045 Tax-Exempt Distributing Ladder ETF seller in Q1 2026 was Old Mission Capital, an estimated $1.29M sold.
Based on aggregated 13F filings for Q1 2026.