Overlay Shares Municipal Bond ETF
8 hedge funds and large institutions have $22.3M invested in Overlay Shares Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 2 closing their positions.
11% more capital invested
Capital invested by funds: $20M → $22.3M (+$2.29M)
4.21% more ownership
Funds ownership: 75.58% → 79.8% (+4.2%)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
11% less funds holding
Funds holding: 9 → 8 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
+$2.42M |
| 2 |
Morgan Stanley
New York
|
+$24.6K |
| 3 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$10.6K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$275 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SJGA
Stephen J. Garry & Associates
Garden City,
New York
|
-$268K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$210K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$180K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$162K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.81K |
OVM Hedge Fund Activity: Q3 2025 in Review
8 institutional investors reported a position in Overlay Shares Municipal Bond ETF (OVM) for Q3 2025, worth a combined $22.3M — up 11% from $20M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of OVM and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 3 added.
The largest buyer was Armis Advisers, adding an estimated $2.42M. The largest seller was Stephen J. Garry & Associates, exiting entirely with an estimated $268K sold.
- 8 institutional investors held Overlay Shares Municipal Bond ETF (OVM) as of Q3 2025, down from 9 in Q2 2025.
- Funds reported $22.3M of Overlay Shares Municipal Bond ETF stock for Q3 2025, up 11% quarter-over-quarter.
- 1 fund opened new Overlay Shares Municipal Bond ETF positions in Q3 2025 and 2 closed out, a net change of -1 holder.
- The largest Overlay Shares Municipal Bond ETF buyer in Q3 2025 was Armis Advisers, an estimated $2.42M added.
- The largest Overlay Shares Municipal Bond ETF seller in Q3 2025 was Stephen J. Garry & Associates, an estimated $268K sold.
Based on aggregated 13F filings for Q3 2025.