L
LHA Market State Tactical Beta
MSTB • BATS
LHA Market State Tactical Beta is an exchange-traded fund on BATS. As of Q3 2025, 18 institutional investors hold shares in this ETF, with total holdings valued at $111.8M. Brookstone Capital Management is the largest holder with a position valued at $42.5M.
Overview
Overview of institutional ownership in MSTB as of Q3 2025
All Institutions
- Institutions
- 18
- Value Held
- $111.8M
- Shares Held
- 2.8M
- Avg Position
- $6.2M
- Median Position
- $739.3K
Hedge Funds
- Hedge Funds
- 0
- Value Held
- -
- Shares Held
- -
- Avg Position
- -
- Median Position
- -
Biggest Investors
Institutions with the largest positions in MSTB as of Q3 2025
| Institution | Position Value |
|---|---|
 Brookstone Capital Management RIA/Wealth | $42.5M 0.51% of portfolio |
 MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth | $24.2M 4.78% of portfolio |
 Cetera Investment Advisers RIA/Wealth | $16.3M 0.02% of portfolio |
 Change Path, LLC RIA/Wealth | $11.5M 0.30% of portfolio |
 Sigma Planning Corp RIA/Wealth | $5.6M 0.16% of portfolio |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | $4.8M 0.00% of portfolio |
$2.4M 0.00% of portfolio | |
 Forefront Wealth Partners, LLC RIA/Wealth | $1.4M 0.36% of portfolio |
 Mutual Advisors, LLC RIA/Wealth | $853.7K 0.02% of portfolio |
 AlphaStar Capital Management, LLC RIA/Wealth | $624.8K 0.05% of portfolio |
Net Capital Flow
Institutional buying and selling activity for MSTB in Q3 2025
- Traded
- +$20.1M
- Buyers
- 8
- Sellers
- 12
- Total Bought
- +$24.6M
- Total Sold
- −$4.5M
- Avg Position
- $5.1M
Biggest Buyers
| Institution | Net Bought |
|---|---|
MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth | +$18.8M +471.8K shares |
Brookstone Capital Management RIA/Wealth | +$3.2M +79.2K shares |
Forefront Wealth Partners, LLC RIA/Wealth | +$1.4M +35.8K shares |
AlphaStar Capital Management, LLC RIA/Wealth | +$624.8K +-697.6K shares |
O OLD MISSION CAPITAL LLC Institution | +$414.5K +10.4K shares |
Cetera Investment Advisers RIA/Wealth | +$177.2K +4.5K shares |
E EXCHANGE TRADED CONCEPTS, LLC Institution | +$2.9K +-1.2K shares |
A Atlantic Trust Group, LLC Institution | +$199.0 +5.0 shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Palumbo Wealth Management LLC RIA/Wealth | −$1.9M −52.2K shares |
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$789.3K −19.8K shares |
Change Path, LLC RIA/Wealth | −$765.7K −19.3K shares |
Sigma Planning Corp RIA/Wealth | −$497.1K −12.5K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | −$219.0K −5.9K shares |
G GTS SECURITIES LLC Institution | −$197.0K −5.0K shares |
 UBS Group AG Institution | −$48.4K −1.2K shares |
 PNC FINANCIAL SERVICES GROUP, INC. Institution | −$7.9K −212.0 shares |
−$5.7K −142.0 shares | |
 AlphaCore Capital LLC Real Assets | −$4.0K −100.0 shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited MSTB in Q3 2025
- New Positions
- 2
- New Value
- $1.4M
- Exited Positions
- 4
- Exited Value
- $2.2M
New Positions
| Institution | Position Value |
|---|---|
Forefront Wealth Partners, LLC RIA/Wealth | $1.4M 35.8K shares |
A Atlantic Trust Group, LLC Institution | $199.0 5.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Palumbo Wealth Management LLC RIA/Wealth | $1.9M 52.2K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $219.0K 5.9K shares |
PNC FINANCIAL SERVICES GROUP, INC. Institution | $7.9K 212.0 shares |
R ROYAL BANK OF CANADA Institution | $3.2K 87.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in MSTB as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with MSTB as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth | 4.78% $24.2M |
Brookstone Capital Management RIA/Wealth | 0.51% $42.5M |
Forefront Wealth Partners, LLC RIA/Wealth | 0.36% $1.4M |
Change Path, LLC RIA/Wealth | 0.30% $11.5M |
Sigma Planning Corp RIA/Wealth | 0.16% $5.6M |
 Indiana Trust & Investment Management CO Institution | 0.12% $397.7K |
AlphaStar Capital Management, LLC RIA/Wealth | 0.05% $624.8K |
Cetera Investment Advisers RIA/Wealth | 0.02% $16.3M |
Mutual Advisors, LLC RIA/Wealth | 0.02% $853.7K |
O OLD MISSION CAPITAL LLC Institution | 0.02% $414.5K |