Vault-13

NEW YORK LIFE INVTS ACTIVE E MMIT

NYLI MACKAY MUN · ETP · CUSIP 45409F827

128 institutional holders +5 vs Q2 2025
41,932,13541.9m shares reported held*
$1.0bnreported value*
19 new 66 added 33 reduced 11 sold out net bought ≈ $101.7m (+4.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($696.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.30.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 57Q4 22: 70Q1 23: 75Q2 23: 74Q3 23: 79Q4 23: 95Q1 24: 91Q2 24: 95Q3 24: 100Q4 24: 111Q1 25: 119Q2 25: 123Q3 25: 128128Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202257
Q4 202270
Q1 202375
Q2 202374
Q3 202379
Q4 202395
Q1 202491
Q2 202495
Q3 2024100
Q4 2024111
Q1 2025119
Q2 2025123
Q3 2025128

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 23: 66 bought or addedQ4 23: 26 cut or sold outQ1 24: 58 bought or addedQ1 24: 32 cut or sold outQ1 24Q2 24: 48 bought or addedQ2 24: 42 cut or sold outQ3 24: 59 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 61 bought or addedQ4 24: 43 cut or sold outQ1 25: 67 bought or addedQ1 25: 50 cut or sold outQ1 25Q2 25: 64 bought or addedQ2 25: 56 cut or sold outQ3 25: 85 bought or addedQ3 25: 44 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236626
Q1 20245832
Q2 20244842
Q3 20245938
Q4 20246143
Q1 20256750
Q2 20256456
Q3 20258544

Biggest buyers

Mariner, LLC Added +1,115,151+1.1m
IAG Wealth Partners, LLC Added +674,186+674.2k
BANK OF AMERICA CORP /DE/ Added +469,447+469.4k
LPL Financial LLC Added +434,435+434.4k
Schneider Downs Wealth Management Advisors, LP Added +403,900+403.9k
Summit Financial, LLC New +356,452+356.5k
Hudock, Inc. New +328,296+328.3k
Sanctuary Advisors, LLC Added +243,914+243.9k
Orgel Wealth Management, LLC Added +193,657+193.7k
UBS Group AG Added +178,284+178.3k

Biggest sellers

Avantax Planning Partners, Inc. Reduced -1,130,340-1.1m
ROYAL BANK OF CANADA Reduced -298,569-298.6k
TruWealth Advisors, LLC Reduced -191,088-191.1k
JANE STREET GROUP, LLC Reduced -99,982-100.0k
GOLDMAN SACHS GROUP INC Sold out -80,600-80.6k
OLD MISSION CAPITAL LLC Sold out -32,862-32.9k
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC Reduced -29,471-29.5k
FLOW TRADERS U.S. LLC Sold out -28,129-28.1k
Western Wealth Management, LLC Sold out -27,631-27.6k
Focus Partners Advisor Solutions, LLC Reduced -15,650-15.7k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orgel Wealth Management, LLC 3.38% of their portfolio ALTOONA, WI 6,102,8836.1m $148.3m $148.3m 3.38% Added +193.7k +193,657
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,013,1035.0m $121.8m $121.8m 0.01% Added +469.4k +469,447
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,602,3142.6m $63.2m $63.2m 0.00% Added +106.1k +106,097
4 Schneider Downs Wealth Management Advisors, LP 6.47% of their portfolio Pittsburgh, PA 2,242,1662.2m $54.5m $54.5m 6.47% Added +403.9k +403,900
5 Meeder Advisory Services, Inc. 2.33% of their portfolio DUBLIN, OH 2,063,5692.1m $50.1m $50.1m 2.33% Added +153.5k +153,508
6 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,833,8611.8m $44.6m $44.6m 0.05% Added +131.1k +131,126
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,779,5811.8m $43.2m $43.2m 0.01% Added +434.4k +434,435
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,677,4931.7m $40.8m $40.8m 0.01% Added +90.5k +90,504
9 IAG Wealth Partners, LLC 4.88% of their portfolio WAUKESHA, WI 1,673,2801.7m $40.7m $40.7m 4.88% Added +674.2k +674,186
10 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,583,7621.6m $38.5m $38.5m 0.01% Added +178.3k +178,284
11 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,181,1751.2m $28.7m $28.7m 0.04% Added +1.1m +1,115,151
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 670,295670.3k $16.3m $16.3m 0.00% Added +81.1k +81,096
13 Midwest Trust Co 0.21% of their portfolio Overland Park, KS 650,322650.3k $15.8m $15.8m 0.21% Added +68.8k +68,833
14 Pallas Capital Advisors LLC 0.52% of their portfolio BRAINTREE, MA 578,967579.0k $14.1m $14.1m 0.52% Added +2.9k +2,936
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 504,619504.6k $12.3m $12.3m 0.00% Reduced -298.6k -298,569
16 TruWealth Advisors, LLC 0.61% of their portfolio Metairie, LA 500,108500.1k $12.2m $12.2m 0.61% Reduced -191.1k -191,088
17 Orion Porfolio Solutions, LLC 0.09% of their portfolio OMAHA, NE 481,330481.3k $11.7m $11.7m 0.09% Added +24.3k +24,341
18 CONDOR CAPITAL MANAGEMENT 0.95% of their portfolio MARTINSVILLE, NJ 477,614477.6k $11.6m $11.6m 0.95% Added +15.9k +15,901
19 CFO4Life Group, LLC 1.67% of their portfolio COPPELL, TX 473,236473.2k $11.5m $11.5m 1.67% Added +62.2k +62,196
20 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.84% of their portfolio BETHLEHEM, PA 433,952434.0k $10.5m $10.5m 1.84% Reduced -29.5k -29,471
21 GREAT VALLEY ADVISOR GROUP, INC. 0.21% of their portfolio WILMINGTON, DE 433,488433.5k $10.5m $10.5m 0.21% Added +21.3k +21,276
22 MassMutual Private Wealth & Trust, FSB 0.26% of their portfolio Windsor, CT 415,312415.3k $10.1m $10.1m 0.26% Reduced -1.8k -1,803
23 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 398,856398.9k $9.6m $9.6m 0.03% Added +243.9k +243,914
24 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 388,513388.5k $9.4m $9.4m 0.01% Added +25.6k +25,626
25 INVENIO WEALTH PARTNERS LLC 3.34% of their portfolio CORAL GABLES, FL 377,598377.6k $9.2m $9.2m 3.34% Added +77.2k +77,223
26 Summit Financial, LLC 0.13% of their portfolio PARSIPPANY, NJ 356,452356.5k $8.7m $8.7m 0.13% New
27 Dynamic Advisor Solutions LLC 0.25% of their portfolio PHOENIX, AZ 355,759355.8k $8.6m $8.6m 0.25% Reduced -143 -143
28 VICUS CAPITAL 0.65% of their portfolio STATE COLLEGE, PA 352,200352.2k $8.6m $8.6m 0.65% Added +43.3k +43,331
29 Hudock, Inc. 1.21% of their portfolio Williamsport, PA 328,296328.3k $8.0m $8.0m 1.21% New
30 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 313,810313.8k $7.6m $7.6m 0.01% Added +146.6k +146,571
31 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 299,699299.7k $7.3m $7.3m 0.01% Added +10.8k +10,766
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 295,412295.4k $7.2m $7.2m 0.00% Added +99.4k +99,410
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 291,541291.5k $7.1m $7.1m 0.00% Reduced -10.0k -9,975
34 Main Street Financial Solutions, LLC 0.42% of their portfolio NEWTOWN, PA 269,702269.7k $6.6m $6.6m 0.42% Added +2.4k +2,392
35 Prestige Wealth Management Group LLC 1.15% of their portfolio FLEMINGTON, NJ 246,226246.2k $6.0m $6.0m 1.15% Reduced -13.6k -13,579
36 Focus Partners Advisor Solutions, LLC 0.06% of their portfolio SAINT LOUIS, MO 205,336205.3k $5.0m $5.0m 0.06% Reduced -15.7k -15,650
37 GGM Financial LLC 2.40% of their portfolio COLUMBUS, OH 195,599195.6k $4.8m $4.8m 2.40% Added +81.6k +81,649
38 Brady Martz Wealth Solutions, LLC 0.84% of their portfolio GRAND FORKS, ND 191,253191.3k $4.6m $4.6m 0.84% Reduced -15.7k -15,650
39 Avantax Planning Partners, Inc. 0.13% of their portfolio DUBUQUE, IA 190,275190.3k $4.6m $4.6m 0.13% Reduced -1.1m -1,130,340
40 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 149,796149.8k $3.6m $3.6m 0.00% Added +8.7k +8,735
41 Bernardo Wealth Planning LLC 0.68% of their portfolio HARLEYSVILLE, PA 143,189143.2k $3.5m $3.5m 0.68% Reduced -1.6k -1,639
42 Elyxium Wealth, LLC 1.15% of their portfolio BEVERLY HILLS, CA 135,180135.2k $3.3m $3.3m 1.15% Added +48.9k +48,878
43 Smallwood Wealth Investment Management, LLC 1.66% of their portfolio RED BANK, NJ 132,825132.8k $3.2m $3.2m 1.66% Added +23.0k +23,021
44 Cypress Point Wealth Management, LLC 0.64% of their portfolio DALLAS, TX 130,545130.5k $3.2m $3.2m 0.64% Reduced -420 -420
45 JOURNEY STRATEGIC WEALTH LLC 0.09% of their portfolio SUMMIT, NJ 125,133125.1k $3.0m $3.0m 0.09% Added +7.1k +7,147
46 VestGen Advisors, LLC 0.10% of their portfolio CHICAGO, IL 119,392119.4k $2.9m $2.9m 0.10% Added +5.8k +5,806
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 114,414114.4k $2.8m $2.8m 0.00% Reduced -100.0k -99,982
48 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 110,984111.0k $2.7m $2.7m 0.01% Added +8.9k +8,909
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 106,322106.3k $2.6m $2.6m 0.00% Added +82.7k +82,666
50 Legacy Financial Strategies, LLC 0.43% of their portfolio OVERLAND PARK, KS 98,45898.5k $2.4m $2.4m 0.43% Added +20.6k +20,644
51 Clark Wealth Partners 1.40% of their portfolio O'FALLON, IL 94,42694.4k $2.3m $2.3m 1.40% Added +7.0k +7,001
52 FLPUTNAM INVESTMENT MANAGEMENT CO 0.03% of their portfolio PORTLAND, ME 86,20686.2k $2.1m $2.1m 0.03% New
53 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 84,27784.3k $2.0m $2.0m 0.01% Added +9.2k +9,186
54 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 84,07084.1k $2.0m $2.0m 0.00% Added +42.4k +42,382
55 AdvisorNet Financial, Inc 0.12% of their portfolio MINNETONKA, MN 83,69483.7k $2.0m $2.0m 0.12% Reduced -706 -706
56 Golden State Wealth Management, LLC 0.21% of their portfolio SANTA ANA, CA 78,16378.2k $1.9m $1.9m 0.21% Reduced -2.2k -2,232
57 Burt Wealth Advisors 0.42% of their portfolio North Bethesda, MD 70,43070.4k $1.7m $1.7m 0.42% Unchanged
58 Evergreen Private Wealth LLC 0.65% of their portfolio GREENWOOD VILLAGE, CO 65,73965.7k $1.6m $1.6m 0.65% Reduced -6 -6
59 PFG Advisors 0.06% of their portfolio Phoenix, AZ 62,03062.0k $1.5m $1.5m 0.06% Added +3.3k +3,253
60 Kuhn & Co Investment Counsel 1.19% of their portfolio Chicago, IL 61,63861.6k $1.5m $1.5m 1.19% Reduced -15.6k -15,555
61 Landmark Wealth Management, LLC 0.59% of their portfolio MELVILLE, NY 61,18161.2k $1.5m $1.5m 0.59% Added +1.4k +1,396
62 Elequin Capital, LP 0.13% of their portfolio NEW YORK, NY 61,03861.0k $1.5m $1.5m 0.13% Added +33.4k +33,397
63 Janney Capital Management LLC 0.09% of their portfolio PITTSBURGH, PA 58,83258.8k $1.4m $1.4m 0.09% Added +109 +109
64 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 57,77357.8k $1.4m $1.4m 0.00% Reduced -3.4k -3,363
65 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 56,44056.4k $1.4m $1.4m 0.04% Reduced -5.1k -5,148
66 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 51,86351.9k $1.3m $1.3m 0.01% Added +4.1k +4,126
67 Frontier Asset Management, LLC 0.27% of their portfolio SHERIDAN, WY 44,51544.5k $1.1m $1.1m 0.27% Added +5.6k +5,621
68 Lebenthal Global Advisors, LLC 0.18% of their portfolio Hauppauge, NY 42,75742.8k $1.0m $1.0m 0.18% New
69 COMERICA BANK 0.00% of their portfolio DALLAS, TX 42,39742.4k $1.0m $1.0m 0.00% Added +1.3k +1,251
70 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 42,10342.1k $1.0m $1.0m 0.02% Added +1.9k +1,942
71 Narus Financial Partners, LLC 0.27% of their portfolio SALT LAKE CITY, UT 40,03840.0k $972.9k $972.9k 0.27% Unchanged
72 Opes Wealth Management LLC 0.17% of their portfolio MENLO PARK, CA 39,73539.7k $965.6k $965.6k 0.17% Added +480 +480
73 PKS Advisory Services, LLC 0.22% of their portfolio ALBANY, NY 39,62239.6k $962.8k $962.8k 0.22% Added +671 +671
74 SAXON INTERESTS, INC. 0.34% of their portfolio HOUSTON, TX 36,83436.8k $881.1k $881.1k 0.34% Added +5.8k +5,839
75 Curran Financial Partners, LLC 0.18% of their portfolio DANIEL ISLAND, SC 36,50436.5k $887.0k $887.0k 0.18% Added +12.6k +12,601
76 TITLEIST ASSET MANAGEMENT, LLC 0.07% of their portfolio SAN ANTONIO, TX 34,53134.5k $839.1k $839.1k 0.07% Reduced -1.7k -1,678
77 Evolution Wealth Advisors, LLC 0.10% of their portfolio AVENTURA, FL 30,41330.4k $739.0k $739.0k 0.10% Unchanged
78 SWMG, LLC 0.22% of their portfolio FORT WORTH, TX 29,40129.4k $717.1k $717.1k 0.22% Reduced -2.2k -2,242
79 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 28,71428.7k $697.8k $697.8k 0.00% Added +11.6k +11,641
80 NewSquare Capital LLC 0.04% of their portfolio NEWTOWN SQUARE, PA 23,97024.0k $582.5k $582.5k 0.04% Added +396 +396
81 Fortis Group Advisors, LLC 0.10% of their portfolio WESTWOOD, NJ 22,79122.8k $557.0k $557.0k 0.10% Reduced -6.0k -6,008
82 BCS Wealth Management 0.12% of their portfolio JOHNSON CITY, TN 22,36522.4k $543.5k $543.5k 0.12% Reduced -397 -397
83 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 20,40620.4k $495.9k $495.9k 0.01% Added +4.3k +4,268
84 Vista Cima Wealth Management LLC 0.40% of their portfolio SURPRISE, AZ 19,97020.0k $485.3k $485.3k 0.40% Unchanged
85 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,93518.9k $460.1k $460.1k 0.00% New
86 Pine Valley Investments Ltd Liability Co 0.02% of their portfolio MARLTON, NJ 18,68518.7k $454.0k $454.0k 0.02% Reduced -8.0k -8,000
87 Ascentis Independent Advisors 0.08% of their portfolio DALLAS, TX 18,44218.4k $448.1k $448.1k 0.08% Reduced -19 -19
88 Lokken Investment Group LLC 0.15% of their portfolio LEWES, DE 18,33818.3k $445.6k $445.6k 0.15% Added +2.9k +2,928
89 Amplius Wealth Advisors, LLC 0.04% of their portfolio BLUE BELL, PA 18,05518.1k $438.7k $438.7k 0.04% Reduced -2.0k -2,037
90 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,84917.8k $433.7k $433.7k 0.00% Reduced -4.3k -4,256
91 LEVEL FOUR ADVISORY SERVICES, LLC 0.01% of their portfolio DALLAS, TX 17,70817.7k $430.3k $430.3k 0.01% Added +131 +131
92 RFG - Bristol Wealth Advisors, LLC 0.12% of their portfolio TAUNTON, MA 17,33617.3k $421.3k $421.3k 0.12% New
93 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 17,21817.2k $418.0k $418.0k 0.00% New
94 Caliber Wealth Management, LLC / KS 0.05% of their portfolio Overland Park, KS 16,69416.7k $405.7k $405.7k 0.05% Unchanged
95 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 15,99116.0k $388.6k $388.6k 0.01% Added +433 +433
96 Friday Financial 0.14% of their portfolio DUBUQUE, IA 14,08314.1k $342.2k $342.2k 0.14% Unchanged
97 WCG Wealth Advisors LLC 0.02% of their portfolio LAS VEGAS, NV 13,62613.6k $331.1k $331.1k 0.02% Added +3.5k +3,528
98 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 13,24113.2k $321.8k $321.8k 0.00% Added +8.4k +8,363
99 Bill Few Associates, Inc. 0.08% of their portfolio SEWICKLEY, PA 13,13213.1k $319.1k $319.1k 0.08% Unchanged
100 Brio Consultants, LLC 0.04% of their portfolio SAN FRANCISCO, CA 12,49712.5k $303.7k $303.7k 0.04% New