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AB Tax-Aware Intermediate Municipal ETF
TAFM

41 hedge funds and large institutions have $418M invested in AB Tax-Aware Intermediate Municipal ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

250% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 6

28% more funds holding

Funds holding: 32 → 41 (+9)

21% more capital invested

Capital invested by funds: $345M → $418M (+$73.4M)

4.13% less ownership

Funds ownership: 99.65% → 95.53% (-4.1%)

Holders
41
Holders Change
+9
Holders Change %
+28.13%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
21
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$52.8M
2
JP Morgan Chase
JP Morgan Chase
New York
+$7.02M
3
LPL Financial
LPL Financial
California
+$3.73M
4
EC
Elequin Capital
New York
+$2.25M
5
FWA
FSM Wealth Advisors
Ohio
+$2.18M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$4.37M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.79M
3
NP
NorthRock Partners
Minnesota
-$1.71M
4
NA
NewEdge Advisors
Louisiana
-$521K
5
AP
Americana Partners
Texas
-$224K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCWP
26
Legacy Capital Wealth Partners
Arkansas
$948K +$635K +24,880 +200%
CICI
27
Capital Investment Counsel Inc
North Carolina
$901K +$230K +9,000 +34%
ASN
28
Advisory Services Network
Georgia
$896K – – –
BPFA
29
Barnes Pettey Financial Advisors
Mississippi
$802K +$805K +31,562 New
GVAG
30
Great Valley Advisor Group
Delaware
$596K +$598K +23,440 New
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$581K +$5.1K +200 +0.9%
CSP
32
Cary Street Partners
Virginia
$402K +$403K +15,799 New
OMC
33
Old Mission Capital
Illinois
$392K +$393K +15,408 New
SWP
34
Sagespring Wealth Partners
Tennessee
$260K +$261K +10,221 New
SA
35
Sanctuary Advisors
Indiana
$256K +$257K +10,070 New
HA
36
Huntleigh Advisors
Missouri
$234K – – –
HNB
37
Huntington National Bank
Ohio
$227K – – –
Wealth Enhancement Advisory Services
38
Wealth Enhancement Advisory Services
Minnesota
$200K +$200K +7,855 New
FHA
39
Flagship Harbor Advisors
Massachusetts
$142K +$143K +5,605 New
Comerica Bank
40
Comerica Bank
Texas
$89.5K +$89.8K +3,521 New
TRCT
41
Tower Research Capital (TRC)
New York
$44.4K +$44.5K +1,745 New
SPIA
42
Steward Partners Investment Advisory
New York
$25.4K – – –
MAM
43
MMA Asset Management
Pennsylvania
– -$105K -4,150 Closed
WANY
44
Wealthspire Advisors (New York)
New York
– -$54.6K -2,149 Closed
1
2

TAFM Hedge Fund Activity: Q4 2025 in Review

41 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AB Tax-Aware Intermediate Municipal ETF (TAFM) for Q4 2025, worth a combined $418M — up 21% from $345M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new TAFM positions and 2 closed out — a net gain of 9 holders — while 21 added to existing stakes and 6 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $52.8M. The largest seller was Goldman Sachs, cutting an estimated $4.37M.

  • 41 institutional investors held AB Tax-Aware Intermediate Municipal ETF (TAFM) as of Q4 2025, up from 32 in Q3 2025.
  • Funds reported $418M of AB Tax-Aware Intermediate Municipal ETF stock for Q4 2025, up 21% quarter-over-quarter.
  • 11 funds opened new AB Tax-Aware Intermediate Municipal ETF positions in Q4 2025 and 2 closed out, a net change of +9 holders.
  • The largest AB Tax-Aware Intermediate Municipal ETF buyer in Q4 2025 was AllianceBernstein, an estimated $52.8M added.
  • The largest AB Tax-Aware Intermediate Municipal ETF seller in Q4 2025 was Goldman Sachs, an estimated $4.37M sold.

Based on aggregated 13F filings for Q4 2025.