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VanEck Short Muni ETF
SMB

94 hedge funds and large institutions have $215M invested in VanEck Short Muni ETF in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $198M → $215M (+$17.1M)

3.53% more ownership

Funds ownership: 74.71% → 78.25% (+3.5%)

3% more funds holding

Funds holding: 91 → 94 (+3)

7% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 30

Holders
94
Holders Change
+3
Holders Change %
+3.3%
% of All Funds
1.24%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.05%
New
9
Increased
32
Reduced
30
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$6.94M
2
MWM
MY Wealth Management
Maryland
+$4.33M
3
Stifel Financial
Stifel Financial
Missouri
+$1.73M
4
AF
Allworth Financial
California
+$1.64M
5
GI
Gradient Investments
Minnesota
+$1.55M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.17M
2
DPI
Diversified Portfolios Inc
Michigan
-$1.11M
3
RCAG
Rehmann Capital Advisory Group
Michigan
-$753K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$741K
5
FTUS
Flow Traders U.S.
New York
-$675K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
51
Detalus Advisors
Missouri
$443K +$59.2K +3,465 +16%
Commonwealth Equity Services
52
Commonwealth Equity Services
Massachusetts
$380K -$121K -7,107 -24%
EH
53
Equitable Holdings
New York
$373K +$369K +21,624 New
AWM
54
Axxcess Wealth Management
California
$342K – – –
CAAS
55
Capital Asset Advisory Services
Michigan
$341K – – –
RCAG
56
Rehmann Capital Advisory Group
Michigan
$318K -$753K -44,056 -71%
FF
57
Fluent Financial
Texas
$295K +$598 +35 +0.2%
WP
58
WealthShield Partners
North Carolina
$273K – – –
PI
59
PFG Investments
New York
$262K -$26.2K -1,532 -9%
TAM
60
Titleist Asset Management
Texas
$251K – – –
BFO
61
Boston Family Office
Massachusetts
$240K – – –
Royal Bank of Canada
62
Royal Bank of Canada
Ontario, Canada
$220K – – –
KCPG
63
Kavar Capital Partners Group
Kansas
$216K +$214K +12,500 New
EWA
64
EverSource Wealth Advisors
Alabama
$208K +$32.3K +1,890 +19%
FHA
65
Flagship Harbor Advisors
Massachusetts
$192K +$17 +1 +0%
BFG
66
Berger Financial Group
Minnesota
$191K – – –
T
67
Transce3nd
Texas
$185K – – –
Susquehanna International Group
68
Susquehanna International Group
Pennsylvania
$185K +$183K +10,726 New
CTWM
69
Cherry Tree Wealth Management
Minnesota
$183K -$31.5K -1,844 -15%
EWM
70
Evermay Wealth Management
Virginia
$163K – – –
IA
71
IFP Advisors
Florida
$138K – – –
GSWM
72
Golden State Wealth Management
California
$130K -$752 -44 -0.6%
VCM
73
Versant Capital Management
Arizona
$93.8K -$1.38K -81 -1%
HI
74
Harbour Investments
Wisconsin
$88.2K +$359 +21 +0.4%
Carson Wealth (CWM LLC)
75
Carson Wealth (CWM LLC)
Nebraska
$76K – – –
1 2
3
4

SMB Hedge Fund Activity: Q2 2025 in Review

94 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q2 2025, worth a combined $215M — up 8.6% from $198M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SMB positions and 6 closed out — a net gain of 3 holders — while 32 added to existing stakes and 30 trimmed.

The largest buyer was Miracle Mile Advisors, opening a new position worth an estimated $6.94M. The largest seller was Bank of America, cutting an estimated $3.17M.

  • 94 institutional investors held VanEck Short Muni ETF (SMB) as of Q2 2025, up from 91 in Q1 2025.
  • Funds reported $215M of VanEck Short Muni ETF stock for Q2 2025, up 8.6% quarter-over-quarter.
  • 9 funds opened new VanEck Short Muni ETF positions in Q2 2025 and 6 closed out, a net change of +3 holders.
  • The largest VanEck Short Muni ETF buyer in Q2 2025 was Miracle Mile Advisors, an estimated $6.94M added.
  • The largest VanEck Short Muni ETF seller in Q2 2025 was Bank of America, an estimated $3.17M sold.

Based on aggregated 13F filings for Q2 2025.