VanEck Short Muni ETF
SMB
92 hedge funds and large institutions have $218M invested in VanEck Short Muni ETF in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 10 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
1% more capital invested
Capital invested by funds: $215M → $218M (+$2.41M)
2% less funds holding
Funds holding: 94 → 92 (-2)
2.28% less ownership
Funds ownership: 78.25% → 75.97% (-2.3%)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$14.3M |
| 2 |
SC
Savant Capital
Rockford,
Illinois
|
+$5.69M |
| 3 |
AF
Allworth Financial
Folsom,
California
|
+$2.53M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.38M |
| 5 |
LAS
LWM Advisory Services
Plantation,
Florida
|
+$905K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$9.83M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$1.86M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$1.51M |
| 4 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$844K |
| 5 |
Morgan Stanley
New York
|
-$654K |
SMB Hedge Fund Activity: Q3 2025 in Review
92 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q3 2025, worth a combined $218M — up 1.1% from $215M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SMB and 9 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 35 added.
The largest buyer was Raymond James Financial, adding an estimated $14.3M. The largest seller was M Holdings Securities, cutting an estimated $9.83M.
- 92 institutional investors held VanEck Short Muni ETF (SMB) as of Q3 2025, down from 94 in Q2 2025.
- Funds reported $218M of VanEck Short Muni ETF stock for Q3 2025, up 1.1% quarter-over-quarter.
- 9 funds opened new VanEck Short Muni ETF positions in Q3 2025 and 10 closed out, a net change of -1 holder.
- The largest VanEck Short Muni ETF buyer in Q3 2025 was Raymond James Financial, an estimated $14.3M added.
- The largest VanEck Short Muni ETF seller in Q3 2025 was M Holdings Securities, an estimated $9.83M sold.
Based on aggregated 13F filings for Q3 2025.