We are live on ! Find out more
SMB icon

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
92
Holders Change
-2
Holders Change %
-2.13%
% of All Funds
1.21%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
9
Increased
35
Reduced
32
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Raymond James Financial
Raymond James Financial
Florida
+$14.3M
2
SC
Savant Capital
Illinois
+$5.69M
3
AF
Allworth Financial
California
+$2.53M
4
Bank of America
Bank of America
North Carolina
+$1.38M
5
LAS
LWM Advisory Services
Florida
+$905K

Top Sellers

1
MHS
M Holdings Securities
Oregon
-$9.83M
2
MMA
Miracle Mile Advisors
California
-$1.86M
3
IWC
Integrated Wealth Concepts
Massachusetts
-$1.51M
4
FIM
Freedom Investment Management
Connecticut
-$844K
5
Morgan Stanley
Morgan Stanley
New York
-$654K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
1
Allworth Financial
California
$35.1M +$2.53M +146,094 +8%
Bank of America
2
Bank of America
North Carolina
$34.2M +$1.38M +79,720 +4%
Raymond James Financial
3
Raymond James Financial
Florida
$15.7M +$14.3M +825,327 +1,076%
LPL Financial
4
LPL Financial
California
$10.4M +$625K +36,033 +6%
Wells Fargo
5
Wells Fargo
California
$9.62M -$183K -10,564 -2%
JP Morgan Chase
6
JP Morgan Chase
New York
$9.28M +$352K +20,280 +4%
Morgan Stanley
7
Morgan Stanley
New York
$8.38M -$654K -37,727 -7%
Ameriprise
8
Ameriprise
Minnesota
$7.02M +$418K +24,100 +6%
Stifel Financial
9
Stifel Financial
Missouri
$6.03M +$102K +5,889 +2%
SC
10
Savant Capital
Illinois
$5.72M +$5.69M +328,291 New
UBS Group
11
UBS Group
Switzerland
$5.45M +$80.4K +4,636 +2%
MMA
12
Miracle Mile Advisors
California
$5.21M -$1.86M -107,299 -26%
MWM
13
MY Wealth Management
Maryland
$4.41M -$5.69K -328 -0.1%
SEI Investments
14
SEI Investments
Pennsylvania
$4.37M -$227K -13,075 -5%
Cerity Partners
15
Cerity Partners
New York
$3.97M -$21.6K -1,247 -0.5%
CCM
16
Condor Capital Management
New Jersey
$3.82M +$70.4K +4,059 +2%
MFG
17
MidWestOne Financial Group
Iowa
$3.73M +$179K +10,314 +5%
WJA
18
Willis Johnson & Associates
Texas
$3.68M -$22.3K -1,286 -0.6%
Osaic Holdings
19
Osaic Holdings
Arizona
$2.91M +$84.4K +4,869 +3%
I
20
IMPACTfolio
Colorado
$2.78M +$55.2K +3,181 +2%
JCM
21
Janney Capital Management
Pennsylvania
$2.51M +$8.08K +466 +0.3%
GI
22
Gradient Investments
Minnesota
$2.29M +$708K +40,829 +45%
PCG
23
Prosperity Consulting Group
Maryland
$2.29M -$621K -35,841 -21%
MML Investors Services
24
MML Investors Services
Massachusetts
$1.99M +$368K +21,201 +23%
MHS
25
M Holdings Securities
Oregon
$1.89M -$9.83M -566,721 -84%
1
2 3 4 5

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.