VanEck Short Muni ETF
SMB
100 hedge funds and large institutions have $232M invested in VanEck Short Muni ETF in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
75% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 24
9% more funds holding
Funds holding: 92 → 100 (+8)
6% more capital invested
Capital invested by funds: $218M → $232M (+$14.1M)
2.13% more ownership
Funds ownership: 75.97% → 78.1% (+2.1%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.18M |
| 2 |
VFA
Valeo Financial Advisors
Carmel,
Indiana
|
+$2.73M |
| 3 |
AF
Allworth Financial
Folsom,
California
|
+$2.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.02M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$873K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$1.49M |
| 2 |
LAS
LWM Advisory Services
Plantation,
Florida
|
-$909K |
| 3 |
MWM
MY Wealth Management
Germantown,
Maryland
|
-$710K |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$550K |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$361K |
SMB Hedge Fund Activity: Q4 2025 in Review
100 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q4 2025, worth a combined $232M — up 6.5% from $218M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new SMB positions and 6 closed out — a net gain of 9 holders — while 42 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.18M. The largest seller was M Holdings Securities, cutting an estimated $1.49M.
- 100 institutional investors held VanEck Short Muni ETF (SMB) as of Q4 2025, up from 92 in Q3 2025.
- Funds reported $232M of VanEck Short Muni ETF stock for Q4 2025, up 6.5% quarter-over-quarter.
- 15 funds opened new VanEck Short Muni ETF positions in Q4 2025 and 6 closed out, a net change of +9 holders.
- The largest VanEck Short Muni ETF buyer in Q4 2025 was Morgan Stanley, an estimated $4.18M added.
- The largest VanEck Short Muni ETF seller in Q4 2025 was M Holdings Securities, an estimated $1.49M sold.
Based on aggregated 13F filings for Q4 2025.