Vault-13

NEW YORK LIFE INVTS ACTIVE E MMIT

NYLI MACKAY MUN · ETP · CUSIP 45409F827

153 institutional holders +25 vs Q3 2025
46,548,07946.5m shares reported held*
$1.1bnreported value*
30 new 76 added 27 reduced 6 sold out net bought ≈ $109.4m (+4.5m 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 ($692.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.33.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 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: 128Q4 25: 153153Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025153

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 58 bought or addedQ1 24: 32 cut or sold outQ2 24: 48 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 38 cut or sold outQ4 24: 61 bought or addedQ4 24: 43 cut or sold outQ4 24Q1 25: 67 bought or addedQ1 25: 50 cut or sold outQ2 25: 64 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 85 bought or addedQ3 25: 44 cut or sold outQ4 25: 106 bought or addedQ4 25: 33 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245832
Q2 20244842
Q3 20245938
Q4 20246143
Q1 20256750
Q2 20256456
Q3 20258544
Q4 202510633

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +730,147+730.1k
Midwest Trust Co Added +627,505+627.5k
FLPUTNAM INVESTMENT MANAGEMENT CO Added +377,693+377.7k
LPL Financial LLC Added +267,079+267.1k
Orgel Wealth Management, LLC Added +222,858+222.9k
RAYMOND JAMES FINANCIAL INC Added +221,586+221.6k
Meeder Advisory Services, Inc. Added +197,225+197.2k
Schneider Downs Wealth Management Advisors, LP Added +184,223+184.2k
MORGAN STANLEY Added +183,188+183.2k
IAG Wealth Partners, LLC Added +164,912+164.9k

Biggest sellers

Focus Partners Advisor Solutions, LLC Sold out -205,336-205.3k
Sanctuary Advisors, LLC Reduced -187,255-187.3k
JPMORGAN CHASE & CO Reduced -151,265-151.3k
VestGen Advisors, LLC Reduced -68,513-68.5k
Cypress Point Wealth Management, LLC Reduced -67,754-67.8k
OSAIC HOLDINGS, INC. Reduced -48,748-48.7k
JANE STREET GROUP, LLC Reduced -48,267-48.3k
Prestige Wealth Management Group LLC Reduced -31,774-31.8k
Bank of New York Mellon Corp Reduced -22,612-22.6k
Avantax Planning Partners, Inc. Reduced -18,776-18.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orgel Wealth Management, LLC 3.40% of their portfolio ALTOONA, WI 6,325,7416.3m $153.9m $153.9m 3.40% Added +222.9k +222,858
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,743,2505.7m $139.7m $139.7m 0.01% Added +730.1k +730,147
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,785,5022.8m $67.8m $67.8m 0.00% Added +183.2k +183,188
4 Schneider Downs Wealth Management Advisors, LP 6.65% of their portfolio Pittsburgh, PA 2,426,3892.4m $59.0m $59.0m 6.65% Added +184.2k +184,223
5 Meeder Advisory Services, Inc. 2.36% of their portfolio DUBLIN, OH 2,260,7942.3m $55.0m $55.0m 2.36% Added +197.2k +197,225
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,046,6602.0m $49.8m $49.8m 0.01% Added +267.1k +267,079
7 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,946,3361.9m $47.4m $47.4m 0.05% Added +112.5k +112,475
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,899,0791.9m $46.2m $46.2m 0.01% Added +221.6k +221,586
9 IAG Wealth Partners, LLC 5.18% of their portfolio WAUKESHA, WI 1,838,1921.8m $44.7m $44.7m 5.18% Added +164.9k +164,912
10 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,697,3441.7m $41.3m $41.3m 0.01% Added +113.6k +113,582
11 Midwest Trust Co 0.39% of their portfolio Overland Park, KS 1,277,8271.3m $31.1m $31.1m 0.39% Added +627.5k +627,505
12 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,222,8261.2m $29.8m $29.8m 0.04% Added +41.7k +41,651
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 775,478775.5k $18.9m $18.9m 0.01% Added +105.2k +105,183
14 Pallas Capital Advisors LLC 0.50% of their portfolio BRAINTREE, MA 626,745626.7k $15.2m $15.2m 0.50% Added +47.8k +47,778
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 575,105575.1k $14.0m $14.0m 0.00% Added +70.5k +70,486
16 TruWealth Advisors, LLC 0.62% of their portfolio Metairie, LA 518,202518.2k $12.6m $12.6m 0.62% Added +18.1k +18,094
17 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 2.02% of their portfolio BETHLEHEM, PA 511,354511.4k $12.4m $12.4m 2.02% Added +77.4k +77,402
18 Orion Porfolio Solutions, LLC 0.09% of their portfolio OMAHA, NE 498,293498.3k $12.1m $12.1m 0.09% Added +17.0k +16,963
19 CONDOR CAPITAL MANAGEMENT 0.98% of their portfolio MARTINSVILLE, NJ 495,798495.8k $12.1m $12.1m 0.98% Added +18.2k +18,184
20 CFO4Life Group, LLC 1.65% of their portfolio COPPELL, TX 476,879476.9k $11.6m $11.6m 1.65% Added +3.6k +3,643
21 FLPUTNAM INVESTMENT MANAGEMENT CO 0.16% of their portfolio PORTLAND, ME 463,899463.9k $11.3m $11.3m 0.16% Added +377.7k +377,693
22 MassMutual Private Wealth & Trust, FSB 0.29% of their portfolio Windsor, CT 455,243455.2k $11.1m $11.1m 0.29% Added +39.9k +39,931
23 GREAT VALLEY ADVISOR GROUP, INC. 0.20% of their portfolio WILMINGTON, DE 422,597422.6k $10.3m $10.3m 0.20% Reduced -10.9k -10,891
24 INVENIO WEALTH PARTNERS LLC 3.60% of their portfolio CORAL GABLES, FL 398,128398.1k $9.7m $9.7m 3.60% Added +20.5k +20,530
25 VICUS CAPITAL 0.69% of their portfolio STATE COLLEGE, PA 379,218379.2k $9.2m $9.2m 0.69% Added +27.0k +27,018
26 Summit Financial, LLC 0.13% of their portfolio PARSIPPANY, NJ 366,596366.6k $8.9m $8.9m 0.13% Added +10.1k +10,144
27 Dynamic Advisor Solutions LLC 0.27% of their portfolio PHOENIX, AZ 346,073346.1k $8.4m $8.4m 0.27% Reduced -9.7k -9,686
28 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 340,965341.0k $8.3m $8.3m 0.01% Added +27.2k +27,155
29 Hudock, Inc. 1.22% of their portfolio Williamsport, PA 340,522340.5k $8.3m $8.3m 1.22% Added +12.2k +12,226
30 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 339,765339.8k $8.3m $8.3m 0.01% Reduced -48.7k -48,748
31 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 309,952310.0k $7.5m $7.5m 0.01% Added +10.3k +10,253
32 Main Street Financial Solutions, LLC 0.50% of their portfolio NEWTOWN, PA 276,022276.0k $6.7m $6.7m 0.50% Added +6.3k +6,320
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 268,929268.9k $6.5m $6.5m 0.00% Reduced -22.6k -22,612
34 Elyxium Wealth, LLC 1.53% of their portfolio BEVERLY HILLS, CA 227,244227.2k $5.5m $5.5m 1.53% Added +92.1k +92,064
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 217,309217.3k $5.3m $5.3m 0.01% Added +111.0k +110,987
36 Prestige Wealth Management Group LLC 1.00% of their portfolio FLEMINGTON, NJ 214,452214.5k $5.2m $5.2m 1.00% Reduced -31.8k -31,774
37 GGM Financial LLC 2.53% of their portfolio COLUMBUS, OH 214,131214.1k $5.2m $5.2m 2.53% Added +18.5k +18,532
38 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 211,601211.6k $5.1m $5.1m 0.03% Reduced -187.3k -187,255
39 46 Peaks LLC 3.27% of their portfolio NEWTOWN, PA 182,482182.5k $4.5m $4.5m 3.27% First filing
40 Brady Martz Wealth Solutions, LLC 0.76% of their portfolio GRAND FORKS, ND 178,474178.5k $4.3m $4.3m 0.76% Reduced -12.8k -12,779
41 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 177,037177.0k $4.3m $4.3m 0.01% Added +27.2k +27,241
42 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 172,365172.4k $4.2m $4.2m 0.01% Added +88.3k +88,295
43 Avantax Planning Partners, Inc. 0.12% of their portfolio DUBUQUE, IA 171,499171.5k $4.2m $4.2m 0.12% Reduced -18.8k -18,776
44 Smallwood Wealth Investment Management, LLC 2.07% of their portfolio RED BANK, NJ 162,444162.4k $4.0m $4.0m 2.07% Added +29.6k +29,619
45 Bernardo Wealth Planning LLC 0.70% of their portfolio HARLEYSVILLE, PA 150,098150.1k $3.7m $3.7m 0.70% Added +6.9k +6,909
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 144,147144.1k $3.5m $3.5m 0.00% Reduced -151.3k -151,265
47 JOURNEY STRATEGIC WEALTH LLC 0.09% of their portfolio SUMMIT, NJ 138,672138.7k $3.4m $3.4m 0.09% Added +13.5k +13,539
48 Elequin Capital, LP 0.43% of their portfolio NEW YORK, NY 134,234134.2k $3.3m $3.3m 0.43% Added +73.2k +73,196
49 AdvisorNet Financial, Inc 0.16% of their portfolio MINNETONKA, MN 122,175122.2k $3.0m $3.0m 0.16% Added +38.5k +38,481
50 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 114,646114.6k $2.8m $2.8m 0.01% Added +3.7k +3,662
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 104,630104.6k $2.5m $2.5m 0.00% New
52 Legacy Financial Strategies, LLC 0.42% of their portfolio OVERLAND PARK, KS 97,45297.5k $2.4m $2.4m 0.42% Reduced -1.0k -1,006
53 Clark Wealth Partners 1.40% of their portfolio O'FALLON, IL 94,42694.4k $2.3m $2.3m 1.40% Unchanged
54 Snowden Capital Advisors LLC 0.05% of their portfolio New York, NY 82,08882.1k $2.0m $2.0m 0.05% Added +25.6k +25,648
55 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 79,99880.0k $1.9m $1.9m 0.01% Reduced -4.3k -4,279
56 Golden State Wealth Management, LLC 0.20% of their portfolio SANTA ANA, CA 79,20879.2k $1.9m $1.9m 0.20% Added +1.0k +1,045
57 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 74,79574.8k $1.8m $1.8m 0.00% New
58 Diversified Portfolios, Inc. 0.15% of their portfolio Bloomfield Hills, MI 74,42474.4k $1.8m $1.8m 0.15% New
59 Evergreen Private Wealth LLC 0.71% of their portfolio GREENWOOD VILLAGE, CO 74,06474.1k $1.8m $1.8m 0.71% Added +8.3k +8,325
60 Kuhn & Co Investment Counsel 1.08% of their portfolio Chicago, IL 66,84966.8k $1.6m $1.6m 1.08% Added +5.2k +5,211
61 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 66,14766.1k $1.6m $1.6m 0.00% Reduced -48.3k -48,267
62 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 64,96465.0k $1.6m $1.6m 0.00% New
63 Landmark Wealth Management, LLC 0.60% of their portfolio MELVILLE, NY 64,21364.2k $1.6m $1.6m 0.60% Added +3.0k +3,032
64 Cypress Point Wealth Management, LLC 0.33% of their portfolio DALLAS, TX 62,79162.8k $1.5m $1.5m 0.33% Reduced -67.8k -67,754
65 Hapanowicz & Associates Financial Services, Inc 0.59% of their portfolio PITTSBURGH, PA 61,70461.7k $1.5m $1.5m 0.59% New
66 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 60,45960.5k $1.5m $1.5m 0.05% New
67 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 59,53359.5k $1.4m $1.4m 0.02% New
68 Janney Capital Management LLC 0.09% of their portfolio PITTSBURGH, PA 58,92458.9k $1.4m $1.4m 0.09% Added +92 +92
69 PFG Advisors 0.07% of their portfolio Phoenix, AZ 57,71457.7k $1.4m $1.4m 0.07% Reduced -4.3k -4,316
70 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 53,93353.9k $1.3m $1.3m 0.00% Reduced -3.8k -3,840
71 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 53,30353.3k $1.3m $1.3m 0.01% Added +1.4k +1,440
72 VestGen Advisors, LLC 0.05% of their portfolio CHICAGO, IL 50,87950.9k $1.2m $1.2m 0.05% Reduced -68.5k -68,513
73 BCS Wealth Management 0.12% of their portfolio JOHNSON CITY, TN 48,36448.4k $1.2m $1.2m 0.12% Added +26.0k +25,999
74 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 47,95048.0k $1.2m $1.2m 0.00% New
75 Frontier Asset Management, LLC 0.26% of their portfolio SHERIDAN, WY 45,89645.9k $1.1m $1.1m 0.26% Added +1.4k +1,381
76 Kennebec Savings Bank 0.93% of their portfolio Augusta, ME 44,05344.1k $1.1m $1.1m 0.93% Added +36.5k +36,545
77 Lebenthal Global Advisors, LLC 0.16% of their portfolio Hauppauge, NY 43,72943.7k $1.1m $1.1m 0.16% Added +972 +972
78 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 43,20643.2k $1.1m $1.1m 0.02% Added +1.1k +1,103
79 Curran Financial Partners, LLC 0.20% of their portfolio DANIEL ISLAND, SC 42,61242.6k $1.0m $1.0m 0.20% Added +6.1k +6,108
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 42,45542.5k $1.0m $1.0m 0.00% Added +58 +58
81 Opes Wealth Management LLC 0.17% of their portfolio MENLO PARK, CA 40,70040.7k $990.2k $990.2k 0.17% Added +965 +965
82 Narus Financial Partners, LLC 0.27% of their portfolio SALT LAKE CITY, UT 40,03840.0k $974.1k $974.1k 0.27% Unchanged
83 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 39,23439.2k $954.6k $954.6k 0.01% New
84 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 38,16438.2k $928.5k $928.5k 0.01% Added +9.4k +9,450
85 PKS Advisory Services, LLC 0.21% of their portfolio ALBANY, NY 37,11337.1k $903.0k $903.0k 0.21% Reduced -2.5k -2,509
86 TITLEIST ASSET MANAGEMENT, LLC 0.07% of their portfolio SAN ANTONIO, TX 36,04836.0k $877.0k $877.0k 0.07% Added +1.5k +1,517
87 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 35,94435.9k $874.5k $874.5k 0.02% Added +26.2k +26,193
88 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 35,54035.5k $864.7k $864.7k 0.02% New
89 Evolution Wealth Advisors, LLC 0.07% of their portfolio AVENTURA, FL 30,41330.4k $739.9k $739.9k 0.07% Unchanged
90 SWMG, LLC 0.20% of their portfolio FORT WORTH, TX 28,87628.9k $709.5k $709.5k 0.20% Reduced -525 -525
91 Fortis Group Advisors, LLC 0.12% of their portfolio WESTWOOD, NJ 28,18528.2k $689.7k $689.7k 0.12% Added +5.4k +5,394
92 RFG - Bristol Wealth Advisors, LLC 0.18% of their portfolio TAUNTON, MA 26,38226.4k $641.9k $641.9k 0.18% Added +9.0k +9,046
93 Beacon Capital Management, LLC 0.09% of their portfolio FRANKLIN, TN 24,77724.8k $602.8k $602.8k 0.09% New
94 TD PRIVATE CLIENT WEALTH LLC 0.01% of their portfolio NEW YORK, NY 24,45924.5k $595.1k $595.1k 0.01% New
95 Stronghold Wealth Management L.L.C. 0.88% of their portfolio TAMPA, FL 24,36924.4k $592.9k $592.9k 0.88% First filing
96 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 22,92022.9k $557.6k $557.6k 0.00% Added +4.0k +3,985
97 NewSquare Capital LLC 0.05% of their portfolio NEWTOWN SQUARE, PA 22,47322.5k $546.8k $546.8k 0.05% Reduced -1.5k -1,497
98 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 21,86221.9k $531.9k $531.9k 0.00% Added +4.0k +4,013
99 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 21,55821.6k $525.0k $525.0k 0.00% New
100 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 20,87020.9k $507.8k $507.8k 0.01% Added +464 +464