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VanEck Short Muni ETF
SMB

91 hedge funds and large institutions have $198M invested in VanEck Short Muni ETF in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 25

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

0% more funds holding

Funds holding: 91 → 91 (0)

5% less capital invested

Capital invested by funds: $208M → $198M (-$9.77M)

1.54% less ownership

Funds ownership: 76.26% → 74.71% (-1.5%)

Holders
91
Holders Change
–
Holders Change %
0%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
34
Reduced
25
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AF
Allworth Financial
California
+$2.36M
2
Osaic Holdings
Osaic Holdings
Arizona
+$1.13M
3
Morgan Stanley
Morgan Stanley
New York
+$984K
4
Jane Street
Jane Street
New York
+$941K
5
MHS
M Holdings Securities
Oregon
+$773K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$13.1M
2
JP Morgan Chase
JP Morgan Chase
New York
-$1.38M
3
Wells Fargo
Wells Fargo
California
-$1.34M
4
IWC
Integrated Wealth Concepts
Massachusetts
-$1.13M
5
LPL Financial
LPL Financial
California
-$849K
Name Holding Trade Value Shares
Change 		Change in
Stake
DPI
26
Diversified Portfolios Inc
Michigan
$1.59M – – –
Raymond James Financial
27
Raymond James Financial
Florida
$1.22M -$48.7K -2,839 -4%
WIM
28
Westside Investment Management
California
$1.15M +$4.6K +268 +0.4%
RCAG
29
Rehmann Capital Advisory Group
Michigan
$1.07M +$5.85K +341 +0.5%
PAG
30
Private Advisor Group
New Jersey
$1.07M +$57.8K +3,367 +6%
BCWM
31
Bartlett & Co Wealth Management
Ohio
$942K -$158K -9,215 -14%
Jane Street
32
Jane Street
New York
$940K +$941K +54,853 New
FIM
33
Freedom Investment Management
Connecticut
$876K -$459K -26,771 -34%
AIP
34
Ameritas Investment Partners
Nebraska
$796K -$84.3K -4,912 -10%
PTC
35
Private Trust Company
Ohio
$792K – – –
Comerica Bank
36
Comerica Bank
Texas
$753K – – –
FWP
37
FAS Wealth Partners
Kansas
$692K +$19.8K +1,156 +3%
IFG
38
Independent Financial Group
California
$690K +$434K +25,318 +170%
FTUS
39
Flow Traders U.S.
New York
$675K +$676K +39,387 New
MFG
40
Merit Financial Group
Georgia
$674K +$160K +9,334 +31%
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$633K +$2.09K +122 +0.3%
LSWP
42
Liberty Square Wealth Partners
Pennsylvania
$557K +$11.2K +652 +2%
AWA
43
Arkadios Wealth Advisors
Georgia
$535K +$66.9K +3,900 +14%
JWS
44
Juncture Wealth Strategies
Arizona
$529K +$1.29K +75 +0.2%
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$499K -$7.84K -457 -2%
Wealth Enhancement Advisory Services
46
Wealth Enhancement Advisory Services
Minnesota
$492K +$54.9K +3,198 +13%
PCIA
47
Prime Capital Investment Advisors
Kansas
$467K -$13.2K -769 -3%
AG
48
Ascent Group
Virginia
$461K +$461K +26,885 New
OCM
49
One Capital Management
California
$441K – – –
DA
50
Detalus Advisors
Missouri
$380K +$38.2K +2,228 +11%
1
2
3 4

SMB Hedge Fund Activity: Q1 2025 in Review

91 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q1 2025, worth a combined $198M — down 4.7% from $208M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SMB positions and 8 closed out — a net gain of 1 holder — while 34 added to existing stakes and 25 trimmed.

The largest buyer was Allworth Financial, adding an estimated $2.36M. The largest seller was Bank of America, cutting an estimated $13.1M.

  • 91 institutional investors held VanEck Short Muni ETF (SMB) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $198M of VanEck Short Muni ETF stock for Q1 2025, down 4.7% quarter-over-quarter.
  • 9 funds opened new VanEck Short Muni ETF positions in Q1 2025 and 8 closed out, a net change of +1 holder.
  • The largest VanEck Short Muni ETF buyer in Q1 2025 was Allworth Financial, an estimated $2.36M added.
  • The largest VanEck Short Muni ETF seller in Q1 2025 was Bank of America, an estimated $13.1M sold.

Based on aggregated 13F filings for Q1 2025.