Vault-13

VANECK ETF TRUST MLN

LONG MUNI ETF · ETP · CUSIP 92189F536

141 institutional holders +8 vs Q1 2026
36,158,30136.2m shares reported held*
$642.9mreported value*
18 new 55 added 52 reduced 9 sold out net bought ≈ $3.3m (+182.9k 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 ($450.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.78.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 53Q4 22: 69Q1 23: 77Q2 23: 82Q3 23: 85Q4 23: 101Q1 24: 94Q2 24: 104Q3 24: 112Q4 24: 112Q1 25: 109Q2 25: 116Q3 25: 127Q4 25: 138Q1 26: 133Q2 26: 141141Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202253
Q4 202269
Q1 202377
Q2 202382
Q3 202385
Q4 2023101
Q1 202494
Q2 2024104
Q3 2024112
Q4 2024112
Q1 2025109
Q2 2025116
Q3 2025127
Q4 2025138
Q1 2026133
Q2 2026141

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 70 bought or addedQ3 24: 35 cut or sold outQ4 24: 57 bought or addedQ4 24: 47 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 45 cut or sold outQ2 25: 63 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 85 bought or addedQ3 25: 41 cut or sold outQ4 25: 85 bought or addedQ4 25: 39 cut or sold outQ4 25Q1 26: 79 bought or addedQ1 26: 54 cut or sold outQ2 26: 73 bought or addedQ2 26: 61 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20247035
Q4 20245747
Q1 20256145
Q2 20256356
Q3 20258541
Q4 20258539
Q1 20267954
Q2 20267361

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ3 25 calls: $735.9kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$735.9k$00.00
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

Kestra Investment Management, LLC Added +716,081+716.1k
JANE STREET GROUP, LLC Added +354,477+354.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +335,806+335.8k
MORGAN STANLEY Added +319,204+319.2k
BANK OF AMERICA CORP /DE/ Added +185,416+185.4k
Elequin Capital, LP New +97,300+97.3k
Kestra Advisory Services, LLC Added +85,288+85.3k
CITADEL ADVISORS LLC New +80,680+80.7k
OLD MISSION CAPITAL LLC New +78,095+78.1k
JONES FINANCIAL COMPANIES LLLP Added +72,211+72.2k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -665,987-666.0k
CX Institutional Reduced -314,677-314.7k
Summit Financial, LLC Reduced -279,654-279.7k
LPL Financial LLC Reduced -266,129-266.1k
STIFEL FINANCIAL CORP Reduced -173,283-173.3k
HighTower Advisors, LLC Reduced -140,866-140.9k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -118,106-118.1k
BENJAMIN EDWARDS INC Reduced -106,029-106.0k
PARK AVENUE SECURITIES LLC Reduced -79,949-79.9k
Hedeker Wealth, LLC Reduced -76,270-76.3k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 6,744,5146.7m $119.9m $119.9m 0.03% Reduced -666.0k -665,987
2 Kestra Investment Management, LLC 1.37% of their portfolio AUSTIN, TX 3,967,9984.0m $70.6m $70.6m 1.37% Added +716.1k +716,081
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,512,0083.5m $62.4m $62.4m 0.00% Added +185.4k +185,416
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,161,9172.2m $38.4m $38.4m 0.01% Reduced -266.1k -266,129
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,584,6851.6m $28.2m $28.2m 0.01% Added +8.8k +8,764
6 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,452,3861.5m $25.8m $25.8m 0.00% Reduced -27.3k -27,290
7 Bramshill Investments, LLC 1.69% of their portfolio NAPLES, FL 1,244,1761.2m $22.1m $22.1m 1.69% Reduced -46.6k -46,568
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,083,7621.1m $19.3m $19.3m 0.00% Added +319.2k +319,204
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 912,106912.1k $16.2m $16.2m 0.00% Added +57.7k +57,713
10 Willis Johnson & Associates, Inc. 0.76% of their portfolio Houston, TX 763,819763.8k $13.6m $13.6m 0.76% Added +53.1k +53,091
11 Tortoise Investment Management, LLC 0.84% of their portfolio WHITE PLAINS, NY 634,387634.4k $11.3m $11.3m 0.84% Added +37.5k +37,530
12 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 588,787588.8k $10.5m $10.5m 0.01% Reduced -140.9k -140,866
13 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 588,510588.5k $10.5m $10.5m 0.01% Added +354.5k +354,477
14 Hennion & Walsh Asset Management, Inc. 0.30% of their portfolio Parsippany, NJ 586,281586.3k $10.4m $10.4m 0.30% Added +23.6k +23,586
15 ABLE Financial Group, LLC 1.72% of their portfolio SCOTTSDALE, AZ 576,062576.1k $10.2m $10.2m 1.72% Reduced -22.1k -22,073
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 517,835517.8k $9.2m $9.2m 0.00% Added +335.8k +335,806
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 515,184515.2k $9.2m $9.2m 0.00% Added +31.4k +31,392
18 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.12% of their portfolio MINNEAPOLIS, MN 508,751508.8k $9.0m $9.0m 0.12% Added +45.5k +45,485
19 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 480,404480.4k $8.5m $8.5m 0.02% Added +27.4k +27,431
20 Manhattan West Asset Management, LLC 1.38% of their portfolio Los Angeles, CA 466,030466.0k $8.3m $8.3m 1.38% Reduced -41.3k -41,287
21 Cyndeo Wealth Partners, LLC 0.37% of their portfolio ST. PETERSBURG, FL 438,155438.2k $7.8m $7.8m 0.37% Added +14.5k +14,471
22 Keystone Financial Group 0.44% of their portfolio LEXINGTON, KY 413,409413.4k $7.4m $7.4m 0.44% Added +38.1k +38,108
23 NICOLET BANKSHARES INC 0.21% of their portfolio GREEN BAY, WI 372,507372.5k $6.6m $6.6m 0.21% Reduced -12.4k -12,373
24 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 301,474301.5k $5.4m $5.4m 0.00% Reduced -53.2k -53,232
25 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 281,063281.1k $5.0m $5.0m 0.02% Added +85.3k +85,288
26 Westside Investment Management, Inc. 0.63% of their portfolio SANTA MONICA, CA 270,643270.6k $4.8m $4.8m 0.63% Added +26.3k +26,327
27 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 263,725263.7k $4.7m $4.7m 0.03% Reduced -79.9k -79,949
28 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 235,269235.3k $4.2m $4.2m 0.00% Added +72.2k +72,211
29 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 234,097234.1k $4.2m $4.2m 0.02% Reduced -15.3k -15,342
30 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 216,993217.0k $3.9m $3.9m 0.03% Added +841 +841
31 Total Clarity Wealth Management, Inc. 0.55% of their portfolio ST. CHARLES, IL 158,435158.4k $2.8m $2.8m 0.55% Added +20.3k +20,285
32 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 155,190155.2k $2.8m $2.8m 0.02% Added +5.5k +5,477
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 147,880147.9k $2.6m $2.6m 0.00% Added +9.9k +9,949
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 142,010142.0k $2.5m $2.5m 0.00% Reduced -18.7k -18,665
35 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.11% of their portfolio Westlake, OH 127,915127.9k $2.3m $2.3m 0.11% Added +10.2k +10,170
36 OLD NATIONAL BANCORP /IN/ 0.04% of their portfolio EVANSVILLE, IN 123,990124.0k $2.2m $2.2m 0.04% Added +60.3k +60,299
37 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 115,524115.5k $2.1m $2.1m 0.00% Reduced -173.3k -173,283
38 White & Co Financial Planning Inc 1.26% of their portfolio SUNNYSIDE, WA 114,023114.0k $2.0m $2.0m 1.26% Added +6.3k +6,269
39 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 109,265109.3k $1.9m $1.9m 0.02% Added +3.0k +2,986
40 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 108,628108.6k $1.9m $1.9m 0.01% Reduced -25.4k -25,382
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 102,010102.0k $1.8m $1.8m 0.00% Reduced -937 -937
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 97,48797.5k $1.7m $1.7m 0.00% Added +1.3k +1,301
43 Elequin Capital, LP 0.06% of their portfolio NEW YORK, NY 97,30097.3k $1.7m $1.7m 0.06% New
44 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 94,07694.1k $1.7m $1.7m 0.02% Reduced -279.7k -279,654
45 Balance Wealth Partners LLC 0.43% of their portfolio WORTHINGTON, OH 91,06391.1k $1.6m $1.6m 0.43% Added +16.8k +16,814
46 Tennessee Valley Asset Management Partners 0.17% of their portfolio KNOXVILLE, TN 87,12787.1k $1.5m $1.5m 0.17% Added +3.0k +3,022
47 OGOREK ANTHONY JOSEPH /NY/ /ADV 0.38% of their portfolio WILLIAMSVILLE, NY 86,34486.3k $1.5m $1.5m 0.38% Added +632 +632
48 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.02% of their portfolio CINCINNATI, OH 85,61085.6k $1.5m $1.5m 0.02% Reduced -11.2k -11,175
49 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 80,68080.7k $1.4m $1.4m 0.00% New
50 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 79,30079.3k $1.4m $1.4m 0.01% Reduced -14.2k -14,215
51 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 78,09578.1k $1.4m $1.4m 0.04% New
52 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 70,35170.4k $1.3m $1.3m 0.01% Reduced -106.0k -106,029
53 Legacy Wealth Managment, LLC/ID 0.51% of their portfolio BOISE, ID 70,12070.1k $1.2m $1.2m 0.51% New
54 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 69,24569.2k $1.2m $1.2m 0.01% Added +6.4k +6,360
55 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 64,03964.0k $1.1m $1.1m 0.00% Added +545 +545
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 61,97262.0k $1.1m $1.1m 0.00% Added +9.4k +9,420
57 FOCUS Wealth Advisors, LLC 0.51% of their portfolio HOUSTON, TX 61,53561.5k $1.1m $1.1m 0.51% Added +133 +133
58 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 59,35959.4k $1.1m $1.1m 0.02% Reduced -5.5k -5,518
59 Meadowbrook Advisors Group, LLC 0.55% of their portfolio BEDMINSTER, NJ 57,78257.8k $1.0m $1.0m 0.55% Reduced -19.0k -18,980
60 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 56,75656.8k $1.0m $1.0m 0.00% Added +1.5k +1,493
61 McAdam, LLC 0.04% of their portfolio Philadelphia, PA 56,11856.1k $997.8k $997.8k 0.04% Reduced -5.8k -5,760
62 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 55,79055.8k $991.9k $991.9k 0.00% Reduced -1.8k -1,803
63 Invst, LLC 0.09% of their portfolio INDIANAPOLIS, IN 53,02053.0k $942.7k $942.7k 0.09% Reduced -13.2k -13,166
64 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 52,35152.4k $927.5k $927.5k 0.02% Reduced -17.4k -17,371
65 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ST. LOUIS, MO 51,84751.8k $921.8k $921.8k 0.01% Reduced -118.1k -118,106
66 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 51,05951.1k $907.8k $907.8k 0.00% Reduced -1.6k -1,606
67 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 49,38049.4k $878.0k $878.0k 0.00% Added +15.3k +15,255
68 Baker Avenue Asset Management, LP 0.02% of their portfolio SAN FRANCISCO, CA 46,36946.4k $824.4k $824.4k 0.02% Added +2.5k +2,473
69 Elmwood Wealth Management, Inc. 0.20% of their portfolio BERKELEY, CA 45,98546.0k $817.6k $817.6k 0.20% Added +140 +140
70 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 45,19045.2k $803.5k $803.5k 0.00% Reduced -1.8k -1,782
71 Hedeker Wealth, LLC 0.15% of their portfolio Lincolnshire, IL 43,64443.6k $776.0k $776.0k 0.15% Reduced -76.3k -76,270
72 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 41,76041.8k $742.5k $742.5k 0.00% Added +5.8k +5,764
73 MUSTICO FINANCIAL GROUP, INC. 0.45% of their portfolio ELMIRA, NY 40,20940.2k $699.0k $699.0k 0.45% Added +1.7k +1,713
74 WBH ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 38,44238.4k $683.5k $683.5k 0.05% Reduced -22.7k -22,690
75 Hyundai Investments Co., Ltd. 0.74% of their portfolio YEONGDEUNGPO-GU, SEOUL, M5 38,28038.3k $681.8k $681.8k 0.74% Added +12.7k +12,740
76 CFO4Life Group, LLC 0.09% of their portfolio COPPELL, TX 35,83035.8k $637.1k $637.1k 0.09% Unchanged
77 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 34,10634.1k $606.4k $606.4k 0.02% Reduced -2.8k -2,756
78 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 32,68032.7k $581.0k $581.0k 0.01% Added +3.8k +3,793
79 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 29,85329.9k $530.8k $530.8k 0.01% Added +3.7k +3,707
80 Fourth Dimension Wealth, LLC 0.16% of their portfolio MIDDLEBURG HEIGHTS, OH 29,31429.3k $521.2k $521.2k 0.16% Reduced -7.8k -7,753
81 CAP Partners, LLC 0.25% of their portfolio FRANKLIN, TN 28,75928.8k $511.3k $511.3k 0.25% Added +401 +401
82 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 27,98028.0k $497.0k $497.0k 0.00% New
83 Code Waechter LLC 0.23% of their portfolio TAMPA, FL 24,73924.7k $439.9k $439.9k 0.23% Unchanged
84 CX Institutional 0.01% of their portfolio AUBURN, IN 21,36821.4k $380.0k $380.0k 0.01% Reduced -314.7k -314,677
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,43020.4k $364.0k $364.0k 0.00% Added +6.9k +6,940
86 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 20,16220.2k $351.6k $351.6k 0.01% New
87 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANDY, UT 20,16220.2k $351.6k $351.6k 0.01% Added +2.4k +2,433
88 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 19,90019.9k $353.8k $353.8k 0.00% Added +6.0k +6,000
89 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 19,44319.4k $345.7k $345.7k 0.00% Reduced -7.8k -7,799
90 Gladstone Institutional Advisory LLC 0.01% of their portfolio Bedminster, NJ 17,20017.2k $305.8k $305.8k 0.01% Added +5.2k +5,200
91 Rehmann Capital Advisory Group 0.01% of their portfolio LANSING, MI 17,09217.1k $303.9k $303.9k 0.01% Added +211 +211
92 RDA Financial Network 0.06% of their portfolio AKRON, IA 16,25016.2k $288.9k $288.9k 0.06% Reduced -9.1k -9,137
93 FOSTER & MOTLEY INC 0.01% of their portfolio CINCINNATI, OH 15,22315.2k $271.0k $271.0k 0.01% Unchanged
94 BlackRock, Inc. 0.00% of their portfolio New York, NY 14,33414.3k $254.9k $254.9k 0.00% Added +1.3k +1,318
95 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 13,97014.0k $248.0k $248.0k 0.00% Reduced -375 -375
96 Meridian Wealth Management, LLC 0.01% of their portfolio LEXINGTON, KY 13,91713.9k $247.4k $247.4k 0.01% Added +65 +65
97 Capital Advisors Wealth Management, LLC 0.03% of their portfolio YAKIMA, WA 13,11613.1k $233.2k $233.2k 0.03% Reduced -51.4k -51,382
98 WEST MICHIGAN ADVISORS, LLC 0.04% of their portfolio HOLLAND, MI 13,07813.1k $232.5k $232.5k 0.04% New
99 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 12,77612.8k $227.2k $227.2k 0.01% New
100 Strategic Blueprint, LLC 0.01% of their portfolio ATLANTA, GA 12,71712.7k $226.1k $226.1k 0.01% Reduced -5.1k -5,065