Overlay Shares Municipal Bond ETF
12 hedge funds and large institutions have $21.6M invested in Overlay Shares Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 0 closing their positions.
50% more funds holding
Funds holding: 8 → 12 (+4)
3% less capital invested
Capital invested by funds: $22.3M → $21.6M (-$719K)
17.51% less ownership
Funds ownership: 79.8% → 62.29% (-18%)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCMLT
Beacon Capital Management LLC (Tennessee)
Franklin,
Tennessee
|
+$606K |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$240K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$209K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$20.4K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$2.11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
-$1.51M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$88.1K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$27.1K |
| 4 |
Morgan Stanley
New York
|
-$25.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$15.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
1
Armis Advisers
Atlanta,
Georgia
| $19.1M | -$1.51M | -70,211 | -7% |
|
|
IA
2
IFP Advisors
Tampa,
Florida
| $1.1M | +$2.11K | +98 | +0.2% |
|
|
BCMLT
3
Beacon Capital Management LLC (Tennessee)
Franklin,
Tennessee
| $603K | +$606K | +28,120 | New |
|
|
4
MML Investors Services
Springfield,
Massachusetts
| $239K | +$240K | +11,145 | New |
|
|
OMC
5
Old Mission Capital
Chicago,
Illinois
| $213K | -$88.1K | -4,086 | -29% |
|
|
6
Cetera Investment Advisers
Schaumburg,
Illinois
| $208K | +$209K | +9,699 | New |
|
|
7
Osaic Holdings
Scottsdale,
Arizona
| $50.6K | -$27.1K | -1,257 | -35% |
|
|
KAS
8
Kestra Advisory Services
Austin,
Texas
| $20.3K | +$20.4K | +944 | New |
|
|
SIS
9
Sound Income Strategies
Ft Lauderdale,
Florida
| $10.9K | – | – | – |
|
|
EWM
10
Evolution Wealth Management
Fort Myers,
Florida
| $10.5K | – | – | – |
|
|
11
UBS Group
Zurich,
Switzerland
| $3.73K | -$15.2K | -703 | -80% |
|
|
12
Morgan Stanley
New York
| $46 | -$25.1K | -1,165 | -100% |
|
OVM Hedge Fund Activity: Q4 2025 in Review
12 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Overlay Shares Municipal Bond ETF (OVM) for Q4 2025, worth a combined $21.6M — down 3.2% from $22.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new OVM positions and 0 closed out — a net gain of 4 holders — while 1 added to existing stakes and 5 trimmed.
The largest buyer was Beacon Capital Management LLC (Tennessee), opening a new position worth an estimated $606K. The largest seller was Armis Advisers, cutting an estimated $1.51M.
- 12 institutional investors held Overlay Shares Municipal Bond ETF (OVM) as of Q4 2025, up from 8 in Q3 2025.
- Funds reported $21.6M of Overlay Shares Municipal Bond ETF stock for Q4 2025, down 3.2% quarter-over-quarter.
- 4 funds opened new Overlay Shares Municipal Bond ETF positions in Q4 2025 and 0 closed out, a net change of +4 holders.
- The largest Overlay Shares Municipal Bond ETF buyer in Q4 2025 was Beacon Capital Management LLC (Tennessee), an estimated $606K added.
- The largest Overlay Shares Municipal Bond ETF seller in Q4 2025 was Armis Advisers, an estimated $1.51M sold.
Based on aggregated 13F filings for Q4 2025.